How are you using AI in your search process?

April 12, 2023

by a searcher from University of Toledo - College of Business and Innovation in Miami Beach, FL, USA

I'm wondering how some of the bright minds in this arena are using ChatGPT or other A.I. tools to help with their acquisition process. We are only limited by our imaginations, and I'm sure some that are here have thought of some great ideas. It would be helpful to the community if you'd like to comment below.

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Reply by an intermediary
from University of Florida in Orlando, FL, USA

Ah yes, more software to track my every move. We do use software and "light" AI to automate some of our tasks. We still like to create our own custom content and we write for ourselves. I think people appreciate that we write our own articles. We still call people on the phone and meet people in person. I just met ^redacted‌ yesterday. I just wrote an article on "How to Properly Package a Business for Sale" for the Business Brokers of Florida (BBF) Newsletter and at the end of the article I wrote that I didn't use ChatGPT to write the article. I do think ChatGPT is useful for data, coding, solving equations and writing boring articles and content. I'm not sure if you can replace every human on earth with machine learning, but you can probably replace many. There will still be space for creativity beyond what a machine can do. And for humanity to survive, they'll have to remain nimble, sharp, and ahead of the curve. We're in an exciting time in history.

Reply by a professional
from University of Southern California in North Palm Beach, FL, USA

^redacted‌, thanks: Everything is subject to use with AI, before and during search. You won’t have the experiences of whomever the “experts” are from which AI scrapes online info, but you’ll have a leg up. Consider having a proven search expert on your team to interpret the info and to personalize (vital) the info for your use. Never forget your lost income opportunity. Irrationally deferring an M&A transaction presents at least two kinds of (avoidable) potential losses. (1) Missing out on buying the best opportunity that you’re going to find. (2) Lost income opportunity, which is what you would have earned every month longer it takes to complete your deal. Tip: Search more effectively to find and complete better deals sooner.

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