ai that writes business plans

• 400+ Sample Business Plans
• WHY UPMETRICS?

Customers Success Stories

Business Plan Course

Strategic Canvas Templates

E-books, Guides & More

Business consultants

Entrepreneurs and Small Business

Accelerators and Incubators

Educators & Business Schools

Students & Scholars

AI Business Plan Generator

Financial Forecasting

AI Assistance

Ai Pitch Deck Generator

Stratrgic Planning

See How Upmetrics Works  →

• Sample Plans

Small Business Tools

The Top 10 AI Business Plan Generators: A 2024 Guide

A Free Business Plan Template

Ajay Jagtap

• January 3, 2024

16 Min Read

Let’s face it, drafting a business plan has never been a stroll in the park. Thanks to AI business plan generators, the process has become much easier and faster.

But, with only a few worthwhile options available, it’s challenging to find the right business plan generator that suits your requirements.

Don’t worry; we’ve got you covered. Here’s a list of the 10 best AI-based business plan generators to help you get started.

Sounds interesting? Let’s dive right in.

What is an AI Business Plan Generator?

AI business plan generator , in simple words, is software that uses AI algorithms to create a business plan based on user inputs.

Usually, these generators use natural language processing (NLP) algorithms to produce written content tailored to the specific needs of your business.

It’s a go-to solution for entrepreneurs and small business owners to build an investment-ready business plan without spending a fortune on expensive consultants.

Let’s take a closer look at these 10 AI-based business plan generators.

10 Best AI-based Business Plan Generators

1. upmetrics.

Upmetrics is the most efficient and reliable AI-powered business plan generator helping new-age entrepreneurs create comprehensive business plans with its advanced AI capabilities.

With Upmetrics AI Assistant , writing a business plan is now easier than ever.

It can help you generate text, rewrite content, shorten or expand on it, and it also allows you to change its tone.

The subscription includes 400+ fully customizable sample business plans , video tutorials, well-written documentation, and guides to ensure that you are on the right track.

So, how does this Upmetrics AI assistant work?

Well, it’s quite simple. Once you input text into a section of your plan using the Upmetrics business plan editor, you can choose the “Write with AI” option for AI assistance.

Or you can simply auto-write the entire text by promoting what you want to include in that section.

There’s a drop-down menu where you can choose from Auto Write, Auto Improve, shorten, expand, and Professional, persuasive, and academic tones to update your text.

Here is an extended list of features that Upmetrics AI assistant can provide:

•  AI-powered text generation to write your business plan.
• Content rewriting feature to polish or enhance content quality.
• Content shortening option to briefly describe the context.
• Expand upon your idea and introduce new concepts.
• AI-powered assistant to help adjust the tone of your writing.
• Accurate & reliable information depending on prompted information.
• Real-time updates and cloud storage, eliminating the risk of data loss.
• Intuitive, seamless, and responsive user interface.
• Check and correct grammatical errors and spelling mistakes.
• Business resources, video tutorials, and guides to help get started.

Check out Upmetrics’ pricing plans:

Remember, only Upmetrics premium users can access the AI assistance feature. Refer to a  pricing page for more information.

The most helpful feature was to make a business plan out of a simple idea. Thankful for all the tools provided, especially AI which did a great impact on my work .

Create visually appealing business plans with our

Plans starting from $7/month

2. Notion AI

As we all know, Notion is a productivity and note-taking app. It’s been around for a long time helping individuals and professionals create to-do lists, manage tasks & projects, and more.

Notion Labs Inc. has recently launched the all-new Notion AI which maximizes Notion’s existing capabilities with AI advancements.

Though it’s not a specifically developed AI business plan generator like Upmetrics, writing a business plan is one of many things you can do with Notion AI.

It can help you summarize text, offer key takeaways from your research, fix spelling & grammar, translate your text, edit tone & voice, and more.

Here’s a list of the pros and cons of Notion AI you should consider before purchasing.

• Smart suggestions: Notion AI can provide intelligent suggestions based on user behavior.
• Automation: It can help you automate various tasks reducing manual efforts.
• Time-saving: Notion AI can produce content more quickly compared to human writers.
• AI limitations: AI has its limitation, so it may not always provide accurate results.
• Learning curve: understanding the platform with AI can be a steep learning curve.
• Privacy concerns: Notion AI processes user data to personalize suggestions that may raise privacy concerns.

Check out the pricing plans for Notion AI. You may visit their pricing page for detailed information.

Copy AI is an AI-powered writing tool that uses NLP algorithms to turn your raw text into a persuasive copy. They cater to a wide range of users with 90+ tools and templates.

You can use Copy AI’s free business plan templates to write the initial draft of your business plan.

You may click here and log in to access the business plan template. Then, you’ll be prompted to fill out a few key details about your business.

This information may include details, such as business name, target market description, problems your business intends to solve, revenue model, etc.

Depending on your requirements, you may also select a friendly, persuasive, or professional tone for your content.

Pros and Cons

Here’s the list of pros and cons of using Copy AI you should consider before purchasing.

• Ease of use: It has a simple and easy-to-use user interface.
• Option to select specific tones: Users can select the specific tone for content. E.g., professional, friendly, etc.
• Supports AIDA framework: Follows AIDA framework to create content tailored to the target audience.
• Need lots of fact-checking: AI may sometimes produce incorrect information.
• Highly random information: It may sometimes provide random information.
• Generating long-form content can be frustrating: You may want to take one section at a time.

Copy AI has a free plan, but it only comes with 10 credits, so you will definitely need a subscription moving forward.

4. Beautiful AI

Beautiful AI is an AI-powered presentation software that helps individuals create exquisite business presentations in no time—with no design skills.

All you need to do is add text, and your content will transform into elegant presentation slides—no image resizing, no content placement, nothing. You may click here and log in to access the business plan template. Then, you’ll be prompted to fill out a few key details about your business. Here is why beautiful AI is a top pick for stunning presentations and business plans:

• 65+ smart slide templates with pre-designed slide galleries.
• Brand consistency with custom presentation themes.
• Hundreds of customizable starter templates.

The best part about Beautiful AI is you never need to start a presentation or business plan from scratch. Ask Designerbot about the type of presentation you need, and it will create a first draft.

Here’s the list of pros and cons of Beautiful AI you should consider before purchasing.

• Ease of use: Anyone with less or no design skills can create presentations using Beautiful AI.
• Hundreds of starter templates: The platform has 100+ starter templates to get started.
• AI-powered designs: Beautiful AI uses Artificial Intelligence to suggest layouts, fonts, and themes.
• Limited customization: AI-generated templates may not always suit your requirements.
• Limited functionality: AI can create professional-looking documents but may lack advanced animation.
• No free plan: Beautiful AI does not have a free plan, so you must pay for membership.

Beautiful AI doesn’t have a free plan, but a free trial is available. Check out its pricing plans.

5. Wordkraft AI

Wordkraft is an AI-powered writing tool that helps users create well-written and optimized content while saving time, money, and resources.

It uses GPT-3, one of the most sophisticated autoregressive language models available in the market, to generate AI content.

You can use Wordkraft’s free business plan template to create the first draft of your business plan.

Then, you’ll be prompted to fill out a few key details about your business. This information may include details, such as business name, goals, strategies, products and services you offer, financial projections, etc.

It also has a few advanced options that include—language, tone of voice, creativity level, and the number of variants needed.

• User-friendly Interface: Wordkraft has a user-friendly interface that is easy to use and navigate.
• Advanced options: It has advanced options to change language, tone of voice, and creativity.
• Time-saving: AI can produce content more quickly than human writers.
• Limited creativity: While Wordkraft AI can save time, it may not be as creative as humans.

Wordkraft AI has a free plan but comes with a 1,000-word limit, so you will definitely need a subscription moving forward.

You may visit Beautiful AI’s pricing page for detailed information.

A Bit AI is a cloud-document collaboration document and management platform that helps users create, share, and track digital documents.

The AI-powered tool allows users to add images text videos, cloud, and music files to their documents.

You can use Bit AI’s free business plan template to get started. Key benefits of using Bit AI to create a business plan:

Furthermore, you can embed Bit documents onto any website; you can interact with these documents and see them in their entirety.

Here’s the list of pros and cons of Bit AI you should consider before purchasing.

• Collaboration: You can collaborate with your team to work on your business plan.
• Pre-designed templates: a range of pre-designed templates to help you get started.
• Automation: Bit automatically automates redundant and repetitive tasks.
• Limited customization: Customization in pre-designed templates is limited.
• No writing assistance: While Bit can provide templates for your business plan, it doesn’t provide any writing assistance.
• No offline access: Bit AI is a cloud-based platform, so you must have a reliable internet connection to access documents.

Check out the pricing plans for Bit AI. You may visit their pricing page for detailed information.

7. Simplified

Simplified is an AI platform that uses artificial intelligence to help users generate and publish content quickly.

It’s not primarily an AI business plan generator, but it provides AI business plan templates that can be used to draft a business plan.

Besides business plan writing assistance, Simplified specializes in generating instant copies, creating long-form content, and developing visually appealing images and videos.

Here’s the list of pros and cons of Simplified you should consider before purchasing.

• Accessibility: the tool is easily accessible even for non-technical users.
• Recommendations: Simplified offers some intelligent suggestions based on the information provided.
• Time and cost efficiency: It can help you save both time and money when writing a business plan.
• Lack of customization: This tool can be valuable for beginners but not for detailed business planning.
• Data dependence: The results heavily rely on the data. A lack of data may result in low-quality responses.
• Limited understanding: the tool may lack industry dynamics and market nuances.

Check out the pricing plans for Simplified AI. You may visit their pricing page for detailed information.

8. Writecream (ChatGenie)

Like Wordkraft and Copy AI, Writecream is an AI-powered writing assistant that uses NLP algorithms to generate text-based responses to your query.

You can use Writecream’s free business plan generator to write the initial draft of your business plan. You may log in and select ChatGenie from the dashboard to kickstart the writing process.

Apart from business plan writing, you can use ChatGenie to generate textual content like cold emails, long-form blog posts, marketing copies, and digital ads.

Let’s have a look at the pros and cons of using Writecream for business plan writing.

• Collaboration: Team members and advisors can collaborate in real time with Writecream.
• Cost-effective: Writing a business plan with Writecream is less expensive than hiring consultants.
• Not for detailed business planning: this isn’t suitable for detailed business planning with long-term financial forecasting.

Check out the pricing plans for Writecream. You may visit their pricing page for detailed information.

9. Cookup AI

Cookup AI is an ongoing database of AI tools where people can create and submit ChatGPT prompts for others to use. The platform has many AI tools for various tasks including SEO, programming, social media marketing, blogging, business planning, and more.

While it can help you create a decent business plan, you must provide a detailed description of your business and other pertinent information.

Remember, just like ChatGPT, this tool will only help you write a business plan. You will still need a business plan software or designing tool to structure this information and create a business plan.

While CookUp is 100% free to use, it may not be an ideal choice for detailed business planning & financial forecasting.

Here’s a list of the pros and cons of Cookup AI you should consider before purchasing.

• Accessibility: Easily accessible tool, even for non-technical users.
• Free to use: Cookup AI is a 100% free-to-use AI tool.
• Limited information: CookUp AI’s response to queries is relatively limited compared to tools like Upmetrics.
• Limited customizations: This tool may not be an ideal option for comprehensive business planning.

10. ChatGPT—A Free Alternative

ChatGPT  is the most efficient and reliable yet free AI chatbot online. It is an AI language model trained by OpenAI, using deep learning algorithms to generate human-like responses to text-based prompts.

Technically, ChatGPT is not a business plan generator, nor does it offer any business plan templates.

Still, it’s on the list because writing a business plan is one of many things; you can do using ChatGPT—that too for free.

We have created a detailed guide on using ChatGPT to write a business plan to help you get started.

While ChatGPT is entirely free to use, there is a $20 monthly fee for ChatGPT Plus.

You don’t have to go for a paid version; ChatGPT is just fine for you to get started. We have created a detailed guide on using ChatGPT to write a business plan to help you get started.

Learn more Use ChatGPT to write your business plan

Here’s the list of pros and cons of ChatGPT you should consider before purchasing.

• Cost-effective solution: Writing a business plan with ChatGPT is more cost-effective than hiring expensive consultants.
• Efficiency: ChatGPT can efficiently organize data, generate financial plans, develop marketing strategies, and more.
• Limited context: It may have limited context about your business. You can train the model before prompting it to write.
• Lack of empathy: An AI language model may lack emotional intelligence and compassion.

That’s it. That was the list of the 10 best AI business plan generators. Let’s discuss how to take the final call—choose a business plan generator.

How to Choose an AI Business Plan Generator Software?

Still, trying to figure out how to choose an AI business plan generator? You should consider a few crucial factors before making the final call.

• Features: Understand your required features in an AI business plan generator. E.g., writing assistance, visual templates, etc. For instance, Copy.AI, Wordkraft, and ChatGPT may help you write content for your business plan, but they won’t offer the visual templates that BIT AI and Beautiful AI can.
• Pricing: Look for AI-based business plan generators that offer the features you require at affordable prices.
• Ease of use: Choose a tool that is easy to use and navigate for someone with basic knowledge of writing and editing.
• Reviews and testimonials: Check review websites like Capterra and Trustpilot for reviews and testimonials about such tools.

That’s it for today. Keep these factors checked before choosing an AI business plan generator, and you will be alright.

In a nutshell, these AI-based business plan generators can create a foolproof business plan in a few hours that used to take days—maybe even weeks.

AI has its limitations, so make sure you don’t rely heavily on it. Therefore, combining AI and human expertise in a holistic approach to planning would be a smart move.

Pick one of these tools, create a business plan, and take your business to new heights.

Build your Business Plan Faster

with step-by-step Guidance & AI Assistance.

Related Articles On Business Plan Writing

• Using ChatGPT for Business Plan Creation
• Overview of Different Types of Business Plans
• Estimating the Cost of Your Business Plan
• Books to Guide You in Writing a Business Plan
• Step-by-step Guide on Writing a Business Plan
• Constructing a Management Section in Your Business Plan
• Effective Ways to Conduct Market Analysis
• Detailing Your Products and Services in Your Business Plan
• Crafting a Thorough Business Plan Outline
• Designing an Appealing Business Plan Cover Page
• Including a Confidentiality Statement in Your Business Plan
• Free Startup Business Plan Template

Frequently Asked Questions

Which ai can write a business plan.

There are only a few certain AI writing tools that can help you write a business plan. Here are some of the most trusted AI business plan writing assistants.

• Wordkraft AI

What are the benefits of using AI-based business plan generators?

The benefits of using AI-based business plan generators are enormous. The following are just a few of the major ones.

• Time saver: Using AI business plan generators, you can write a business plan in minutes, which would normally take a human several hours or days.
• Cost-effective: Hiring an expert business plan writer or consultant can be expensive. AI business plan writing tools are the most cost-effective alternative for small business owners.
• Access to Data: AI tools like ChatGPT can access various data sources, so conducting market research or finding valuable industry insights is way easier with Artificial Intelligence.

Some of the other benefits of using AI-based business plan generators may include increased efficiency, customization, and user friendliness.

How do AI business plan generators work?

AI Business plan generators usually use natural language processing (NLP) algorithms to generate text-based responses to prompts or instructions. Some of the most popular AI writing tools, such as Copy AI, Wordkraft AI, and Writesonic, use the GPT-3 module for AI writing.

Are there any free AI-based business plan generators available?

AI-based business plan generator tools like Copy AI and Wordkraft AI have free plans but with limited functionalities. If using these tools, you will definitely need a subscription moving forward.

However, you can use ChatGPT; it is free and the most reliable AI language model to help you write a business plan.

Can the AI business plan generator provide guidance on market research?

Yes, AI business plan generators like Upmetrics will soon be able to guide your market research to help you create a comprehensive and well-organized market research section.

Upmetrics is developing an AI business planning chatbot; you can ask it for feedback, suggestions, or guidance about your plan. Learn more about Upmetrics AI Assistant .

Is technical knowledge required to use an AI business plan generator?

No. If you are using an AI tool like Upmetrics, you don’t need any technical knowledge to be able to efficiently use the tool and create a detailed plan.

About the Author

Ajay is a SaaS writer and personal finance blogger who has been active in the space for over three years, writing about startups, business planning, budgeting, credit cards, and other topics related to personal finance. If not writing, he’s probably having a power nap. Read more

Reach Your Goals with Accurate Planning

No Risk – Cancel at Any Time – 15 Day Money Back Guarantee

Popular Templates

Create Your Business Plan in Minutes

Type your business idea below.

What Our Users Say

Zakariya A.

How it Works

Questionnaire

Respond to a series of targeted questions about your business goals and objectives.

AI Business Plan Generator

The engine analyzes your responses and generates a business plan tailored to your vision.

SBA Approved Business Plan

Receive a detailed, tailored business plan that aligns with your requirements. Ready for funding.

WHO BENEFITS FROM Plannit?

Aspiring Entrepreneurs

Analyze your ventures through extensive business plans aligned with your vision and goals.

Business Owners

Back your business with a solid plan that aligns with your vision and goals. Perfect for startups and small businesses.

Educational Institutions

Develop your business understanding and vocabulary by analyzing your business idea and creating a plan.

Startups Accelerators

Work alongside your founders as they build their plan to ensure they have a solid roadmap for growth and scalability.

Try Plannit AI For Free

Funding ready business plan, executive summary, company overview.

Problem Statement

Business Description

Mission Statement

Business Model

Products and Services

Additional Features

Revenue Model

Market Analysis

Target Market

Market Size and Segments

Unique Value Proposition

Risks and Mitigations

Identified Risks

Mitigation Strategies

Financial Overview

Income Statement

Marketing and Sales Plan

Focus On Your Vision

Key features & benefits, ai editing companion.

Modify and regenerate sections of your business plan using premade or custom prompts. Our AI will help you refine your plan to perfection.

Multi-User Collaboration

Invite team members with easy sharing to collaborate on your business plan in real-time. Communicate and make changes together. Collaborate with your partners in real-time as you perfect your plan.

Education Center

Immerse yourself in a rich library of articles, tools, templates, webinars and resources for continuous business and professional growth. Learn all about the key aspects of starting, running and growing a business.

Powered by Chat GPT

Our algorithms are powered the latest in AI technology to ensure the most accurate and relevant output. We use OpenAI's GPT 4 and 3.5 engines for the perfect blend of accuracy and speed.

Business Resources

We recommend a variety of useful tools and resurces that help sustain your growth. We only recommend the best in the business. Filter your needs and equip yourself with the best tools.

Plan Samples

Explore a library of sample business plans we generated to get the idea of what to expect. Currently able to generate viable plans for 50+ industries.

Financial Projections

Take an additional questionnaire about your financial trajectory and get a detailed financial projection + 3 year income statement for your business.

Tools and Templates

Plannit's comprehensive suite that accompany business planning. From pitch decks to financial models, we have you covered.

Plan Export

Download your business plan in an editable .docx format. Fully edit & share your plan with investors, partners, and stakeholders.

Privacy & Security

Rest assured, your privacy is our top priority, and we're committed to keeping your information safe and confidential.

PLANNIT BUSINESS ECOSYSTEM

Frequently Asked Questions

What is a business plan and why is it important.

• Initiate with Your Business Concept: Lay the Groundwork: Start by introducing your business idea into Plannit AI's Business Plan Generator. This first step is crucial, as it sets the tone for a tailored, insightful business plan that truly resonates with your vision. Capture the Essence: Our platform is designed to grasp the nuances of your concept, ensuring that the generated plan accurately reflects the core and potential of your business.
• Navigate Through the AI-Guided Questionnaire: Tailored Interactive Experience: Plannit AI’s AI-guided questionnaire is your interactive guide through the planning process. It meticulously gathers information about your business's objectives, strategies, and market positioning, ensuring a comprehensive and reflective plan. Intelligent Feedback and Suggestions: As you progress through the questionnaire, benefit from smart prompts and suggestions, ensuring that your plan is not just detailed but also strategically sound and aligned with industry standards.
• Generate Your Plan with Advanced AI: Intuitive Plan Creation: With the questionnaire complete, Plannit AI's advanced algorithms intelligently analyze your responses. They then craft a detailed, customizable, and strategically aligned business plan, providing you with a structured, coherent, and actionable format. Benefit from AI-Powered Insights: Plannit AI offers AI-driven insights and suggestions, ensuring your plan is not just a document but a strategic tool equipped with tailored AI prompts and an in-app plan editor. Get inspired by browsing through our sample business plans, a collection of successful strategies across various industries.
• Finalize Your Plan with Confidence: Dynamic Adaptation and Refinement: Plannit AI recognizes that a business plan is a living document. Our platform allows for continuous adaptation and refinement, ensuring your strategy remains agile, relevant, and aligned with your evolving business goals. Professional Presentation and Sharing: Once your plan meets your standards, utilize Plannit AI's export features to present your plan professionally. Choose between various formats for exporting your business plan, ready to impress stakeholders, attract investors, or guide your team. Review and Adapt: Ensure your business plan is a living document, ready to evolve with your growing business. Plannit AI's dynamic platform allows you to adapt your strategy as new opportunities or challenges arise.

How to Write a Business Plan?

• Roadmap for Success: At its core, a business plan acts as a strategic guide, providing detailed steps on how your business will achieve its objectives. It helps you navigate the startup phase, manage growth effectively, and tackle unforeseen challenges with a well-thought-out strategy.
• Securing Funding: For startups and businesses looking to expand, a business plan is crucial for securing loans or attracting investors. It demonstrates to potential financial backers that your business has a clear vision, a solid strategy for profitability, and a plan for delivering returns on their investment.
• Informed Decision-Making: A well-prepared business plan offers valuable insights into your market, competition, and potential challenges. This information is vital for making informed decisions, from day-to-day operations to long-term strategic shifts.
• Market Analysis and Strategy: It allows you to conduct an in-depth analysis of your target market, understand customer needs, and position your product or service effectively. The marketing strategy outlined in your business plan helps in identifying the best channels and tactics to reach your audience and achieve market penetration.
• Financial Planning: One of the most critical components of a business plan is the financial forecast. It outlines your funding requirements, expected revenue, profit margins, and cash flow projections. This section is essential for budgeting, financial management, and ensuring the financial viability of your business.
• Goal Setting and Performance Measurement: A business plan sets clear, measurable goals and objectives. It provides a framework for monitoring performance, measuring success, and making necessary adjustments to stay on track.

Who Can Benefit from Plannit AI?

• Aspiring Entrepreneurs: If you're at the idea stage, looking to transform your vision into a viable business, Plannit AI offers the tools and guidance to bring your concept to life. Our platform helps you articulate your business idea, define your target market, and develop a solid plan to turn your dream into reality.
• Students and Educators: For students delving into the intricacies of business planning and educators teaching the fundamentals of entrepreneurship, Plannit AI serves as an invaluable resource. It provides a practical, hands-on tool for learning and teaching how to create detailed business plans, analyze markets, and understand financials in a real-world context.
• Startup Founders: In the dynamic startup environment, Plannit AI is the ideal partner for founders looking to pivot quickly, secure funding, or understand their competitive landscape. With our AI-driven insights and market analysis tools, startups can make informed decisions and adapt their strategies to thrive in competitive markets.
• Small Business Owners: For small business owners seeking to optimize their operations, expand their customer base, or explore new markets, Plannit AI offers targeted solutions. Our platform simplifies the planning process, enabling owners to focus on growth while managing the day-to-day challenges of running their business.
• Consultants and Freelancers: Consultants and freelancers specializing in business development, strategic planning, or financial advising will find Plannit AI a powerful addition to their toolkit. It allows them to provide clients with comprehensive, data-driven business plans and strategies, enhancing the value of their services.
• Non-Profit Organizations: Leaders of non-profit organizations can leverage Plannit AI to plan initiatives, secure funding, and manage resources more efficiently. Our platform helps non-profits articulate their mission, set achievable goals, and measure their impact, ensuring they can make a difference in their communities.
• Innovators and Inventors: Individuals looking to commercialize innovative products or technologies can use Plannit AI to navigate the complexities of bringing new ideas to market. From patent strategies to go-to-market plans, our platform covers all bases, ensuring innovators can focus on what they do best.
• Small Business Development Centers (SBDCs) and Government Agencies: Government and SBA backed entities can greatly benefit from integrating Plannit AI into their services, enhancing their ability to support a larger number of clients more efficiently. By facilitating quicker, more in-depth business plan development, these organizations can spend more time assisting with plan execution and less time on creation, ultimately serving their communities more effectively.
• Anyone with a Business Idea: Ultimately, Plannit AI is for anyone with a business idea, regardless of industry, experience, or stage of business development. Our mission is to democratize business planning, making it accessible, understandable, and actionable for everyone.

Why is Plannit AI the best choice for an AI business planning software?

• Interactive Questionnaire and ChatGPT Integration: Plannit AI transforms the business planning process into an engaging conversation. Through our advanced ChatGPT integration, we offer a questionnaire that dynamically adapts to your responses, ensuring your plan is personalized, comprehensive, and aligned with your business goals.
• Dynamic Planning Environment: Unlike static templates provided by many, Plannit AI introduces a living platform that grows with your business. It features real-time updates, strategic insights, and a feedback mechanism that keeps your business plan current and actionable.
• Extensive Educational Resources: Our Education Center is packed with articles, guides, and sample plans to bolster your planning process. It's designed to arm you with the knowledge to navigate the complexities of your industry confidently.
• Enhanced Collaboration and Customization: Recognizing the collaborative essence of business planning, Plannit AI supports team efforts with multi-user editing, annotations, and feedback features, ensuring a comprehensive approach to your strategy.
• Customer Success Stories: Our users' achievements are a testament to Plannit AI's effectiveness. These success stories illustrate how diverse businesses have utilized our platform for strategic planning and growth.
• Tailored Business Plan Creation: Our platform stands out with its tailored approach, featuring customizable templates that directly cater to your business type and industry, making plan creation straightforward and relevant.

How can ChatGPT help me to create business plans?

• Content Generation:: ChatGPT helps draft various sections of a business plan, from executive summaries to marketing strategies, by providing structured and coherent text based on the prompts given.
• Strategic Insights: It can offer suggestions on business strategies by analyzing trends and providing examples from a wide range of industries.
• Financial Planning: While it can't replace professional financial advice, ChatGPT can guide the structure of financial projections and statements, helping you consider important financial aspects of your plan.

Take The First Step Towards Success With our AI-Generated Business Plans

Plannit For...

AI that writes a business plan for you.

Visually rich & high quality content.

Kait's Cookies aims to offer delicious treats for those with dietary restrictions, without sacrificing taste or quality.

Sit-down cafe and retail

Weddings, birthdays...

With fine vegan butter

100% organic

Run a vegan baking workshop Offer free samples at local events Partner with local yoga studios Vegan baking tutorial video series

Opportunities

Used by the best.

Get your AI-generated business plan

Just answer a couple of questions about your business, and we'll generate a comprehensive business plan for you.

Business Plan

Comprehensive business plan

Your AI business consultant

Use Chat to ask questions about your business, and create any kind of content you can imagine.

Create Content

Create any kind of content

Instantly generate everything - blog posts, social media posts, sales copy, and more - all in your tone and with your business in mind.

"As someone who was always daunted by the idea of drafting a business plan, Venturekit was a game-changer. The process was intuitive, and the generated plans exceeded all my expectations."

"The scalability and consistency of Venturekit's business plans have streamlined our expansion strategies. It's impressive how tailored and detailed each plan is, despite being AI-generated."

Frequently asked questions

Business Plan Generator

IdeaMaster is an AI Business Plan generator that uses GPT-3.5 to generate comprehensive business plans for your startup. Simply select your industry and product type to get started.

Business Plan Ideas

Here's a list of business ideas that you can use to start your own business. All of these ideas are generated by our AI.

6 Best AI-Powered Business Plan Generators (December 2023)

An entrepreneur is, in essence, a maker of plans. Actionable, specific plans for the realization of things that don't yet exist; turning ideas into action.

It sounds simple, but any business owner who has tried to start, build and grow a business knows how tricky this skill can be. Because, let's face it: business is too complicated to simply sit down and make 'one plan, one business plan to rule them all...'.

It's product and marketing plans. It's legal and financials; customer support and content plans. If you're doing it right, entrepreneurship means you are always standing at the edge of your next plan, always in a position to pivot as new information comes in and to update your plans accordingly.

The problem with such dynamic planning is that it takes time. Time to write out your plan. To assess what happened, and reassess if the current gameplan is still the best path. To think through the expected outcomes, costs and ROI.

Let alone making plans for things you're not-so-well-versed in. "I know I should have a Customer Onboarding Plan, but can someone please remind me of best practices again?"

Fortunately, we live in 2023 and some of the most powerful AI models in existence are available to help us with the more mundane and administrative side of business planning; so that you can focus on the strategic inputs and let your new AI-powered tools fill in the details.

In this post, I'll be sharing 6 of the best such AI-powered business plan generators. From tools to help you write out a formal business plan proposal (say, for applying for a business loan) to apps that will guide you through and generate plans for every step of your business building journey.

Let's take a look.

Best AI-Powered Business Plan Generators (2023 List)

• Tarkenton GoSmallBiz

Bizway is a little bit different to the other platforms on this list. From the ground-up, it's built with a simple idea: every task in your business deserves an AI Assistant. And while that absolutely does include business plan writing; it also includes every other step in that process.

When you're planning your business, you'll need some help with a variety of tasks. With Bizway, you can create:

• Market Research Assistants: To help you estimate market size, brainstorm target market segements and help with your pricing;
• Product Experts: To help you brainstorm product ideas, features, and how you'll develop it;
• Social Media Marketing Assistants: To write your content, brainstorm topics and ideas, do keyword research, and whatever else;
• And whatever other roles you need to help perfect your business plan.

This gives you full flexibility and freedom to sharpen your thinking and ideas for your business, before concretizing it in a more formal business plan.

Then, if you do need a more formally written document for an investor or when seeking funding, simply:

• Fill in the Business Model details that you'd like to include;
• Create a custom AI Assistant, name it 'Business Plan Writer' and give it instructions about styling, length and sections;
• Toggle on your new Business Plan Writer Assistant, and simply ask it to 'Write my business plan in full';
• And voila! Your business plan is served;
• Bonus: You can then follow up and ask for specific sections or details to be added/rewritten as you please.

The best part? Bizway doesn't end with a business plan. Once you have your plan, Bizway can serve as your new hub; with a team of custom AI Assistants to help you launch, grow and manage your business going forward.

Try Bizway .

2. LivePlan

Next on our list is LivePlan. This AI-powered tool is best known for its step-by-step guidance and interactive financial forecasting. It features easy-to-use templates and pitch guides, which can be a great starting point for startups and SMEs. LivePlan's Pitch feature helps you to quickly prepare a one-page infographic that highlights your business idea and its profitability to investors.

In addition, LivePlan allows you to benchmark your forecasts against similar businesses, giving you an insight into your competitive standing. The tool's performance dashboard also keeps you updated on your business progress, ensuring you stay on track with your plan.

3. Upmetrics

Upmetrics is an excellent AI-powered business plan generator that offers a plethora of features including a business plan editor, financial forecasting, and a collaboration feature that allows your team to work together on the plan. One standout feature of Upmetrics is its repository of more than 20,000 business ideas, which can provide inspiration for your own venture.

Additionally, Upmetrics has a Business Plan Analytics feature that allows you to analyze your business strategy and optimize your plan for maximum effectiveness. This is an excellent tool for entrepreneurs who want a deeper understanding of their business strategy.

4. IdeaBuddy

IdeaBuddy is a novel AI-powered business plan generator that targets entrepreneurs and startups in the initial stages of planning. The platform takes users through an organized idea development process dubbed "Idea Journey" that includes creating a business concept, building a business model, and planning a budget.

IdeaBuddy also offers an attractive feature named Storyboard. This tool allows you to visualize your business journey and share your vision with potential investors and stakeholders, fostering a deeper understanding of your idea.

5. GoSmallBiz

GoSmallBiz is a comprehensive business plan generator powered by AI. It covers all the essential aspects of a business plan including executive summary, company description, product/service line, and market analysis.

What sets Tarkenton GoSmallBiz apart is its integrated educational resources. With hundreds of business courses and webinars, users can deepen their business knowledge while creating a business plan. The AI tool also includes a real-time performance score that provides immediate feedback on your plan.

Rounding up our list is Bizplan, an AI-powered tool that makes business planning enjoyable with its interactive and easy-to-use interface. Bizplan breaks down the business plan creation process into digestible pieces through its "builder" approach.

Its standout feature is its ability to connect users to a global community of entrepreneurs, Fundable, where you can share ideas and seek feedback. Bizplan also has a robust financial forecasting tool that can help you project revenue, costs, and cash flow.

In conclusion, AI-powered business plan generators are an invaluable resource for entrepreneurs, startups, and small businesses alike. They not only simplify the business plan creation process but also provide insights and features that can significantly boost the success of your venture. With tools like Bizway, LivePlan, Upmetrics, IdeaBuddy, Tarkenton GoSmallBiz, and Bizplan at your disposal, you can confidently create a business plan that is both compelling and investor-ready.

Gerrard + Bizway AI Assistant

Start automating your business growth, today⚡

Create your first AI assistant & project in minutes.⚡

Bizway is brought to you by Landmark Labs Ltd.

©2024 Bizway Labs

World's Best AI Business Plan Generator

Fill out simple forms, select language, and get a business plan in under 15 minutes. Try It Out!

Who is this for?

Entrepreneurs looking for investor funding.

Our AI business plan generator helps entrepreneurs in creating professional business plans designed to impress potential investors and secure funding

Business owners and entrepreneurs looking for a bank loan

Our AI business plan generator is SBA-approved and follows to most banks' business plan template.

For anyone looking to make a business plan

Whether you want an AI generated business plan for self-learning, as a reference for a project, or for submission to a non-financial institution, we've got you covered.

What customers say about us

Our ultimate goal is to make a product that you love, to do that we need feedback. So we try to talk to as many customers as we can

Mentioned In..

Language Support

At the end of the plan creation process you can choose to generate a plan in multiple languages including..

How it works?

Our AI business plan generator guides you through a few questions, once done a business plan example will be generated

Enter General Business Information

Only basic business information is required e.g. business name, number of employees, and a little financial data

Edit and Save

Once your AI plan is generated you can easily edit the plan with our "Talk To Plan" feature. You can input what you want changed and AI will take care of the rest

Key Benefits

Our ai draws business knowledge from the entire internet.

GPT-3.5 and GPT-4 are our cutting-edge language models, trained on vast quantities of internet, book-based resources, business plan examples, and has demonstrated its knowledge by passing the Wharton MBA exam among many others

The whole process can literally take 15 minutes

Gone are the days of laboring over business plans for weeks on end, our AI business plan generator can create a comprehensive plan in just 15 minutes.

Our AI generated business plan template won't let you down

create a professional business plan in just 15 minutes with our AI business plan generator

10 Best AI Business Plan Generators (April 2024)

Unite.AI is committed to rigorous editorial standards. We may receive compensation when you click on links to products we review. Please view our affiliate disclosure .

Table Of Contents

In today's fast-paced business world, having a well-crafted business plan is essential for securing funding, guiding decision-making, and charting a course for success. However, creating a comprehensive and persuasive business plan can be a daunting task, especially for entrepreneurs and small business owners who may not have extensive experience in this area. Fortunately, the rise of AI tools has improved the business planning process, making it more accessible, efficient, and effective than ever before.

In this blog post, we will explore the top AI business plan generators that can help you create a winning plan for your venture.

1. Upmetrics

Upmetrics is an AI-powered business plan tool that guides individuals and small businesses through the process of writing a top-notch business plan. With its user-friendly platform and step-by-step guidance, Upmetrics makes it easy for anyone to create a professional-quality plan, regardless of their level of business expertise.

The tool offers a wide range of features, including 400+ business plan samples, AI-assisted writing, and financial forecasting up to 7 years. Upmetrics also provides an AI-generated pitch deck feature, allowing users to create a compelling presentation in less than an hour. The platform's flexibility and adaptability make it suitable for various industries, from tech startups to retail stores and service businesses.

Key features of Upmetrics:

• 400+ business plan samples
• AI Assistance to write business plans
• AI-generated business plans (Entirely AI-generated)
• Financial forecasting up to 7 years
• AI to create pitch deck in less than an hour
• Free guides and educational resources
• Real-time cloud storage
• Easy collaboration and sharing options

copy.ai is an AI-driven platform that simplifies the content creation process for business plans, marketing materials, and more. By leveraging advanced AI algorithms, copy.ai generates high-quality, engaging content tailored to your specific needs. The platform offers a range of features designed to streamline the writing process, including customizable business plan sections, AI-generated content options, and the ability to adapt the tone and style of the content to suit your brand.

copy.ai also provides multilingual content generation, a built-in plagiarism checker, and brand voice consistency, ensuring that your business plan is original, professional, and aligned with your overall messaging.

Key features of copy.ai:

• AI-assisted business plan writing
• Customizable business plan sections
• AI-generated content options
• Multilingual content generation
• Built-in plagiarism checker
• Brand voice consistency
• Versatile content creation for sales and marketing teams

Plus AI is an AI-powered tool that specializes in creating professional, well-designed presentations, making it an ideal choice for crafting business plans. The platform integrates seamlessly with Google Slides, allowing users to access built-in editing and collaboration features.

With Plus AI, users can generate a comprehensive business plan outline based on a brief description of their business, which can then be easily edited and rearranged to suit their specific needs. Plus AI offers the flexibility to generate slides one at a time or create an entire presentation in a single step, making it a versatile tool for businesses of all sizes. The platform also provides a free trial, allowing users to explore its features before committing to a paid plan.

Key features of Plus AI:

• Direct integration with Google Slides for easy editing and collaboration
• Customizable slides that can be edited, revised, and themed after generating a first draft
• Slide-by-slide or full presentation generation options
• Free trial available for users to try Plus AI before committing to a paid plan

4. Storydoc

Storydoc is an AI-powered business plan generator that simplifies the creation of interactive and persuasive business plans, without requiring any design skills. The platform offers a user-friendly interface with a wide selection of interactive slides tailored for startups and new businesses, which can be easily customized to align with the user's vision and requirements.

Storydoc's AI Business Plan Presentation Designer creates scroll-based, web-friendly, and mobile-optimized presentations, complete with performance analytics. The platform also ensures the security and privacy of user data, adhering to stringent security protocols and industry best practices. With Storydoc, users can create engaging business plan presentations that capture the attention of investors and stakeholders.

Key features of Storydoc:

• AI Business Plan Presentation Designer for scroll-based, web-friendly, and mobile-optimized presentations
• Secure and reliable platform that ensures the security and privacy of user data
• Interactive slides that can be customized to align with the user's presentation vision and requirements
• Mobile-optimized presentations that look great on any device
• Integrations with Calendly, Loom, YouTube, Typeform, and more for added functionality

5. 15minuteplan

15minuteplan

15minuteplan.ai is an AI-powered business plan generator that streamlines the process of creating a business plan, allowing entrepreneurs and small to medium-sized enterprises (SMEs) to produce effective plans in just 15 minutes. The platform is designed to make business planning universally accessible, regardless of the user's experience in business or writing.

With its advanced AI algorithms, 15minuteplan generates comprehensive, up-to-date business plans based on the latest market trends and business best practices. The platform also features a unique ‘Talk To Plan' functionality, enabling users to dictate specific changes or additions, which are then seamlessly integrated by the AI. Additionally, 15minuteplan supports various languages, making it accessible to users worldwide.

Key features of 15minuteplan:

• AI Business Plan Creation based on the latest market trends and business best practices
• Talk To Plan functionality for easy dictation of changes or additions
• Multilingual support for 10+ languages, with more being added continuously
• User-friendly interface for inputting essential business information
• Downloadable Word document for easy sharing and modification

6. Notion AI

Notion AI is an AI-powered tool in Notion that simplifies the creation of comprehensive business plans, emphasizing an organized and structured approach to business strategizing. The platform offers a wide range of features designed to streamline the business planning process, including AI-driven content generation, rewriting, shortening, expansion, and tone adjustment.

Notion AI seamlessly integrates with the Notion platform, allowing users to access features such as database creation, organization, and management, as well as collaboration and sharing options. With Notion AI, users can create tailored content that aligns with their business objectives and voice, while significantly reducing their workload in crafting compelling narratives that secure buy-in from investors and stakeholders.

Key features of Notion AI:

• AI-driven content generation, rewriting, shortening, expansion, and tone adjustment
• Integration with Notion for database creation, organization, and management
• Collaboration and sharing features for inviting team members and stakeholders
• Real-time cloud storage for secure and accessible data
• Streamlined business planning process for crafting compelling narratives

7. Beautiful AI

Beautiful AI

Beautiful AI is an AI-powered presentation software that enables users to create stunning business presentations and plans in no time, without requiring any design skills. With this platform, users simply need to add text, and Beautiful AI will transform the content into elegant presentation slides, eliminating the need for manual image resizing or content placement.

The business plan template can be accessed by logging in, and users will be prompted to fill out a few key details about their business. Beautiful AI offers a wide range of features, including 65+ smart slide templates, custom presentation themes for brand consistency, and hundreds of customizable starter templates, ensuring that users never have to start a presentation or business plan from scratch.

Key features of Beautiful AI:

• 65+ smart slide templates with pre-designed slide galleries
• Brand consistency with custom presentation themes
• Hundreds of customizable starter templates
• Designerbot for creating first drafts based on user requirements
• Effortless content transformation into elegant presentation slides

8. Wordkraft AI

Wordkraft AI

Wordkraft AI is an AI-powered web application that generates optimized, authentic, and high-quality content for various needs, including business plans. Utilizing the powerful large language model GPT-3.5, Wordkraft AI creates content tailored to specific requirements, helping users develop professional and well-organized business plans.

The platform offers a business plan template that can be used to create a draft by providing essential details about the business. Wordkraft AI's AI capabilities assist users in creating content that aligns with their business objectives and voice, while also supporting collaboration and sharing features. With real-time cloud storage and seamless integration with the Wordkraft platform, Wordkraft AI is a valuable asset for business planning and presentations.

Key features of Wordkraft AI:

• Integration with Wordkraft for database creation, organization, and management
• Business plan template for creating drafts by providing essential business details

Bit AI is an AI-powered platform that offers a comprehensive solution for creating interactive and collaborative business plans. The platform provides powerful wikis and AI writer features that assist in generating well-structured and engaging business plans. With Bit AI, users can create visually appealing and informative business plans that effectively communicate their strategic vision.

The platform enables real-time collaboration, allowing team members to work together seamlessly on business plan documents and incorporate feedback efficiently. Bit AI also offers fully responsive documents that adapt to different devices, ensuring accessibility and readability across various platforms. Additionally, users can create private business plan documents, ensuring data privacy and security.

Key features of Bit AI:

• Interactive and collaborative business plans for fostering teamwork and creativity
• AI writer features for crafting clear and coherent content
• Real-time collaboration for seamless teamwork and feedback integration
• Fully responsive documents that adapt to different devices
• Private document sharing for data privacy and security

10. Simplified

Simplified is an all-in-one AI-powered platform that offers a comprehensive solution for creating business plans, managing marketing efforts, and crafting engaging content. The platform's AI Business Plan Generator is designed to help entrepreneurs and small business owners create professional, comprehensive, and accurate business plans in just a few clicks.

Simplified's AI capabilities provide accurate growth forecasts and investment strategies, enabling users to make informed decisions about their business's future. The platform also allows for customization, ensuring that the business plan aligns with the user's vision and goals. Additionally, Simplified supports collaboration, enabling team members to work together in creating a comprehensive and accurate plan. With its integrated marketing tools, Simplified offers a one-stop solution for all business planning and marketing needs.

Key features of Simplified:

• Efficient business planning with a professional and comprehensive plan created in just a few clicks
• Accurate growth forecasts and investment strategies provided by AI capabilities
• Customization options to align the business plan with the user's vision and goals
• Collaboration features for working with team members on a comprehensive and accurate plan
• Integrated marketing tools for a cohesive and effective marketing strategy

Creating the Best Business Plans with AI

The rise of AI-powered business plan generators has changed the way entrepreneurs and small business owners approach the crucial task of planning for their ventures' success. By leveraging the top 10 AI business plan generators discussed in this blog post, users can streamline the creation process, ensure professional-quality plans, and access valuable insights and forecasts.

From Upmetrics' user-friendly platform and step-by-step guidance to Simplified's all-in-one solution for business planning and marketing, these AI-powered tools cater to the diverse needs of businesses across various industries. By harnessing the power of AI, entrepreneurs can save time, effort, and resources while creating compelling and persuasive business plans that attract investors and guide their decision-making processes.

10 Best AI Tools for Google Sheets (April 2024)

Alex McFarland is an AI journalist and writer exploring the latest developments in artificial intelligence. He has collaborated with numerous AI startups and publications worldwide.

You may like

10 Best AI Pitch Deck Generators (April 2024)

10 Best AI Presentation Generators (April 2024)

10 Best AI Resume Builders & CV Makers (April 2024)

10 “Best” AI Tools for Business (April 2024)

10 “Best” AI Marketing Tools (April 2024)

10 Best AI Tools for Social Media (April 2024)

Recent Posts

• Unveiling Meta Llama 3: A Leap Forward in Large Language Models
• Wondershare Filmora Review: The Easiest AI Video Editor?
• Top 10 Takeaways from Stanford’s AI Index Report 2024
• Next-Gen AI: OpenAI and Meta’s Leap Towards Reasoning Machines
• Transformative Potential of a Healthcare-Specific Foundational Model

10 Best AI Art Generators (April 2024)

10 “best” ai video generators (april 2024), 10 “best” ai writing generators (april 2024), 10 best ai headshot generators (april 2024), 10 “best” ai seo tools (april 2024).

AI Business Plan Generator

Create comprehensive business plans with ai.

• Create a startup business plan: Develop a comprehensive business plan for your new startup, covering all key aspects of your business.
• Plan for business expansion: Generate a business plan that outlines your strategy for expanding your existing business into new markets or product lines.
• Prepare for investor meetings: Create a detailed business plan to share with potential investors, showcasing your business's potential and strategy for success.
• Develop a product launch plan: Craft a business plan for launching a new product, detailing your marketing strategy, financial projections, and more.

New & Trending Tools

Storytelling for non-profits tutor, effective email marketing strategies tutor, writing press releases and media pitches tutor.

Professional AI Business Plan Generator

From a blank page to a professional business plan in a few clicks.

Use our AI-driven platform to craft a professional business plan for starting a new business, seeking funding, launching products or services, or entering new markets.

Featured on :

“Just used your bizplanner! Nice job! Great tool. Tons of value for $10.”

“This plan is well articulated, the fact that I can edit it makes BizPlanner to be much better than option, also the customer service interaction is worth an applaud.”

“Simplemente espectacular, felicidades.”

How it works

Four Steps to Your AI Business Plan

Our AI Business Plan Generator efficiently creates a customized, professional business plan for you in less than 15 minutes.

Answer a brief questionnaire

Our ai crafts your plan, edit, format or regenerate, export as pdf/word, watch how to create a business plan in ~1 minute.

Table of contents

Your Business Plan's Table of Contents

Upon generating your business plan, you will receive detailed sections covering everything from your Executive Summary to Financial Projections, providing a complete and insightful overview of your business strategy.

Functional Highlights

Discover the core functionalities of our service, from intuitive in-browser editing to flexible AI regeneration and convenient export options, all designed to streamline your business plan creation.

Examples & Templates

Business plan examples

Explore examples created with our AI Business Plan Generator. These are real outputs from our service, showcasing the depth and personalization achievable for your own plan. Click 'See more business plan templates' for additional examples.

Vending machine business plan

Trucking business plan

Daycare business plan

Coffee shop business plan

Family entertainment center business plan

Junk removal business plan

Real estate development business plan

Music studio business plan

Professional business plan for 10x less than hiring a consultant

Get your unique, professional business plan, custom-crafted and tailored specifically for your business

Compare and Save

Business plans on Fiverr can cost $90 or more . Our offer at just $9.99 delivers great value, making quality business planning affordable.

One-time payment. No subscription.

From the blog

BizPlanner AI's Update: Advanced Financial Planning Capabilities

Great news for users of BizPlanner AI! Our latest update brings a significant enhancement to the Financial Plan section of our comprehensive business planning tool.

French Language Option Now Available in Our AI Business Plan Generator

Great news from the BizPlanner AI team! Alongside English and Spanish, we're delighted to announce the introduction of French support in our AI business plan generator.

Spanish Now Supported by Our AI Business Plan Generator

Exciting news for everyone! BizPlanner AI, your go-to AI for making business plans, just got better. From the start, our website has welcomed both English and Spanish speakers. But, when it came to making a business plan, we only had English. Not anymore!

Smart, AI-Powered Suggestions for Your Business Plan

Explore BizPlanner AI's latest feature offering AI-generated suggestions for uncertain areas in your business plan, enhancing planning ease and accuracy

8 Best AI Business Plan Generators

  For entrepreneurs, time is a commodity as precious as capital. Crafting a business plan is a fundamental step for any startup, yet it can be a daunting and time-consuming task. This is where AI Business Plan Generators come into play, offering a modern solution to an age-old challenge. These innovative tools are designed to streamline the process of creating a comprehensive business plan, allowing entrepreneurs to focus on what they do best innovating and growing their business.

The advent of AI Business Plan Generators has revolutionized the way business plans are developed. By leveraging artificial intelligence, these tools can produce detailed, professional plans with a fraction of the effort traditionally required. They are not just time-savers, they are strategic assets that can enhance the quality of business planning, ensuring that entrepreneurs are equipped with well-structured, data-driven plans to guide their ventures to success.

The Need for AI Business Plan Generator

The need for an AI Business Plan Generator stem from the increasing complexity of the business environment and the intense competition that startups face. A well-crafted business plan is the blueprint for a company’s future, outlining strategies, goals, and the path to profitability. However, the process of creating this document can be overwhelming, especially for those without a background in business development. AI Business Plan Generators alleviate this burden by automating the creation of these essential documents, enabling entrepreneurs to produce professional-looking business plans with ease.

Moreover, these AI tools are not just about efficiency, they are about effectiveness. They can analyze market data, track trends, and provide insights that might be missed by the human eye. This level of analysis is crucial for startups to position themselves advantageously in the market. With an AI Business Plan Generator, entrepreneurs can ensure that their business plans are not only quickly produced but also rich in data-driven insights that can inform better decision-making.

How does AI Business Plan Generator work?

AI Business Plan Generators work by employing advanced algorithms and natural language processing to transform user input into a structured business plan. Entrepreneurs start by providing details about their business idea, goals, target market, and financial projections. The AI then processes this information, utilizing vast databases and market analysis to generate a tailored business plan that aligns with industry standards and best practices.

The process is interactive and iterative, with the AI often prompting the user for additional information to refine the plan further. This collaboration between human creativity and AI’s analytical prowess results in a document that is both comprehensive and customized. The final output is a business plan that not only looks professional but is also imbued with strategic insights, making it a powerful tool for attracting investors and guiding the company’s growth.

8 Best AI Business Plan Generator (Free & Paid)

• PitchBob.io
• Easy-Peasy.AI

How to Choose the Best AI Business Plan Generator?

Choosing the best AI Business Plan Generator requires careful consideration of several factors. First and foremost, the complexity of your business and the specific needs of your startup should guide your selection. A good AI Business Plan Generator should offer a balance between user-friendliness and comprehensive features. It should be intuitive enough for those without extensive business planning experience while providing advanced options for more seasoned entrepreneurs.

Another critical factor is customization. The best AI Business Plan Generators allow for a high degree of personalization, ensuring that the final business plan reflects the unique vision and objectives of your startup. Additionally, consider the level of support and resources provided by the tool. Access to customer service, tutorials, and documentation can be invaluable, especially when fine-tuning your business plan.

Lastly, the cost is an important consideration. While some AI Business Plan Generators are free, others come with subscription fees or one-time charges. Evaluate the pricing structures and determine which offers the best value for your budget. Remember, the goal is to find a tool that not only fits your financial constraints but also empowers you to create a business plan that can propel your startup towards success.

AI Business Plan Generator

ProAI is a cutting-edge AI business plan generator that leverages artificial intelligence to provide strategic recommendations for businesses. It is designed to create tailored business plans in a matter of days, offering a data-driven approach to growth and strategy. ProAI’s unique selling point is its ability to provide insights based on its experience advising over 3,600 clients, integrating proprietary data into your plan to identify key opportunities and risks. It assists businesses in evaluating new markets, products, and revenue streams, ensuring they achieve critical milestones to maximize their potential.

What does ProAI do?

ProAI is a tool that helps businesses strategize without guessing. It uses artificial intelligence to generate a tailored business plan, providing strategic recommendations based on insights from its extensive client base. ProAI helps businesses determine key opportunities and risks with proprietary data integrated into their plan, providing guidance based on the company’s objectives and needs. It also assists businesses in evaluating new markets, products, and revenue streams, ensuring they achieve critical milestones to maximize their potential.

ProAI Key Features

Data-Driven Growth : ProAI uses proprietary data to help businesses identify key opportunities and risks, providing a data-driven approach to growth.

Strategic Recommendations : Based on insights from advising over 3,600 clients, ProAI provides strategic recommendations tailored to your business needs.

Evaluation of New Markets : ProAI assists businesses in evaluating new markets, helping them to expand and grow.

Product and Revenue Stream Evaluation : ProAI helps businesses evaluate new products and revenue streams, ensuring they are making the most of their potential.

Tailored Business Plans : ProAI generates a tailored business plan in a matter of days, saving businesses time and effort.

Achievement of Critical Milestones : ProAI ensures businesses achieve critical milestones, helping them to maximize their potential.

ProAI Pricing Plans

ProAI offers three different pricing plans to meet the diverse needs of businesses. Users require to contact ProAI team for pricing information:

Standard Plan : The Standard Plan is designed to get businesses running, providing all the essential features of ProAI.

Premium Plan : The Premium Plan offers more power and confidence, providing additional features for businesses that need a little extra.

Agency Plan : The Agency Plan is designed for business consultants and agencies, offering enhanced features to meet their specific needs.

ProAI accepts debit and credit cards for payments.

2. LivePlan

LivePlan emerges as a beacon for entrepreneurs aiming to navigate the complex terrain of AI business plan generators and execution. With its roots deeply embedded in aiding over a million entrepreneurs to plan, fund, and grow their ventures, LivePlan stands out for its innovative approach towards eliminating the dread of writer’s block through its AI-Powered LivePlan Assistant. This platform is not just about drafting business plans, it’s a comprehensive ecosystem designed to transform your business dreams into achievable realities. By offering a plethora of sample business plans across various industries, LivePlan ensures that entrepreneurs have a clear vision of what their final plan should encompass. Moreover, its unique One-Page Pitch creation tool and simplified process for building financial forecasts demystify the planning process, making it accessible to all. LivePlan doesn’t stop at planning, it advocates for a shift towards growth planning, a testament to its commitment to evolving with entrepreneurial needs and ensuring the success of its users.

What does LivePlan do?

At its core, LivePlan simplifies the daunting task of business planning and financial forecasting for entrepreneurs and small business owners. By providing a user-friendly platform, it assists users in crafting professional business plans that are both lender-ready and investor-friendly. LivePlan’s strength lies in its ability to guide users through each step of the planning process with clear, step-by-step instructions, eliminating guesswork. The platform is equipped with tools for creating detailed financial forecasts, budgeting, and assessing financial performance, all while offering the flexibility of integrating with popular accounting software like QuickBooks and Xero. Its performance dashboard and the LivePlan Assistant further empower users to make informed, data-driven decisions. Whether you’re looking to clarify your business ideas, secure funding, or strategize for growth, LivePlan provides the tools and resources to achieve your business goals efficiently.

LivePlan Key Features

Step-By-Step Instructions : LivePlan breaks down the business planning process into manageable steps, ensuring that even those new to business planning can create comprehensive and professional plans.

Financial Forecasts & Scenarios : The platform offers robust tools for creating detailed financial forecasts, allowing users to explore various financial scenarios and their potential impacts on their business.

Budgeting & Financial Performance : LivePlan simplifies budgeting and tracking financial performance, making it easier for businesses to stay on top of their finances and make adjustments as needed.

Cash Flow Forecasting : With LivePlan, users can forecast their cash flow with ease, ensuring that they have a clear understanding of their financial health and liquidity at any given time.

Performance Dashboard : The dashboard provides a real-time overview of a company’s financial performance, helping users monitor progress towards their goals and make data-driven decisions.

QuickBooks & Xero Integration : LivePlan integrates seamlessly with QuickBooks and Xero, allowing for easy import of financial data and simplifying the financial planning and management process.

LivePlan Pricing Plans

LivePlan offers two main pricing plans to cater to the diverse needs of its users.

Standard Plan : This plan, priced at $20 per month ($15 per month when billed annually), is designed for individuals or businesses in need of a professional business plan. It includes step-by-step instructions, lender-ready financial statements, a full financial forecast, a one-page pitch builder, access to over 550 sample plans, the LivePlan Assistant, and a personal onboarding call. The pricing for this plan is structured to offer flexibility, with options for monthly or annual payments.

Premium Plan : Aimed at businesses seeking to make confident decisions with additional support, the Premium Plan, priced at $30 per month ($20 per month when billed annually), builds on the Standard Plan by offering advanced features such as industry benchmark data and the ability to create multiple financial forecasts. This plan is ideal for businesses looking for deeper insights and more comprehensive planning tools.

LivePlan accepts various payment methods, including debit and credit cards, and PayPal, ensuring convenience for its users.

3. Planpros

Planpros stands out as a sophisticated AI business plan generator designed to simplify the complex process of crafting a business plan. It caters to entrepreneurs and business consultants who seek a streamlined, efficient approach to developing professional business plans. With its user-friendly interface and advanced features, Planpros transforms what was once a time-consuming task into a more manageable and even enjoyable experience. It is praised for its speed and ease of use, making it a top choice for anyone in need of a business plan.

What does Planpros do?

Planpros leverages artificial intelligence to assist users in creating detailed business plans. It understands the critical components that must be included and ensures that each section communicates the necessary information effectively. This AI business plan generator is not just a template-filler, it’s a comprehensive tool that guides users through the planning process, providing insights and expertise that rival traditional methods. Planpros is particularly valuable for its ability to generate full financial projections, a crucial element for entrepreneurs seeking funding.

Planpros Key Features

Ease of Use : Planpros is designed with a focus on user experience, ensuring that even those with minimal business planning experience can navigate and utilize the software effectively.

Comprehensive Financial Projections : The tool includes robust financial projection capabilities, which are essential for securing funding and understanding the financial outlook of the business.

AI-Powered Efficiency : By harnessing the power of AI, Planpros significantly reduces the time and effort required to produce a business plan compared to traditional methods.

Customization : Users can fully customize their business plans, ensuring that the final product is tailored to their specific business needs and goals.

Up-to-Date Plans : The software allows for easy updates, so business plans can remain current and evolve alongside the business.

Free Trial : Potential users can test-drive Planpros without any initial investment, providing an opportunity to assess the software’s capabilities firsthand.

Planpros Pricing Plans

Planpros offers a variety of pricing plans to accommodate different user needs and budgets.

Starter Plan : This plan, priced at $25 per month ($15 per month when billed annually), is ideal for those new to business planning, offering the basic tools needed to create a professional business plan.

Professional Plan : For more advanced users, this plan, priced at $45 per month ($27 per month when billed annually), includes additional features such as more comprehensive customization options and the ability to keep business plans up-to-date with the latest information.

Planpros accepts various payment methods, including debit and credit cards, and PayPal, providing flexibility for users when it comes to purchasing their preferred plan.

Bizplan stands out as a comprehensive AI business plan generator designed to assist startups and small businesses in crafting detailed business plans with ease. It simplifies the complex process of business planning by providing a suite of tools that cater to various aspects of creating a business plan, from financial projections to scenario planning. Bizplan’s integration with platforms like Fundable.com further enhances its value proposition by offering users the ability to raise capital directly through the software. Its cloud-based nature ensures accessibility across devices, making it a versatile choice for entrepreneurs on the go.

What does Bizplan do?

Bizplan serves as a dynamic platform that streamlines the creation of business plans for entrepreneurs and small business owners. It offers a guided step-by-step process that demystifies the intricacies of financial modeling and strategic planning. Users can collaborate in real-time, share documents with stakeholders, and access a wealth of resources including video tutorials and expert advice. Bizplan’s financial tools are designed to be user-friendly, allowing those without a finance background to create professional and accurate financial forecasts, making it an invaluable tool for anyone looking to start or grow a business.

Bizplan Key Features

Financial Modeling Tools : These tools enable users to create detailed revenue and cost forecasts, cash flow projections, and profit/loss statements. They are designed to be intuitive, catering to users who may not have a deep background in finance.

Executive Summary Builder : This feature guides users through crafting a compelling executive summary, which is a critical component of any business plan, designed to capture the attention of potential investors or stakeholders.

Pitch Deck Creator : Bizplan provides users with the tools to create a professional pitch deck, an essential for startups seeking investment.

Document Sharing and Centralized Dashboard : The platform allows for easy sharing of documents and a centralized dashboard for efficient management of the business plan.

Integration with Major Services : Bizplan integrates with services like Office 365, G Suite, QuickBooks, Xero, Stripe, and PayPal, streamlining the planning process by connecting with tools businesses already use.

Access to Expert Advice : With a subscription, users gain access to over 20,000 experts across various fields, which can be invaluable for getting specific questions answered or for general guidance.

Bizplan Pricing Plans

Bizplan offers a range of pricing plans to suit different needs, including Monthly, Annual, and Lifetime Access options.

Monthly Plan : This plan, priced at $29 per month, is designed for those who prefer a short-term commitment, offering full access to Bizplan’s features on a month-to-month basis.

Annual Plan : For users looking for a longer-term solution, the annual plan, priced at $20.75 per month billed annually, provides a discounted rate compared to the monthly plan, billed once a year.

Lifetime Access : The lifetime access plan is a one-time payment option of $349 that gives users unlimited access to Bizplan’s features for the lifetime of the product.

Each plan includes access to Bizplan’s suite of tools, including financial modeling, document sharing, and pitch deck creation. Payment can be made using debit and credit cards, or bank wire transfer.

5. Upmetrics

Upmetrics is a dynamic, AI business plan generator designed to assist entrepreneurs and small business owners in creating effective business plans. It offers a simple, flexible tool that aids in accelerating business growth through strategic planning, forecasting, and collaboration. Upmetrics is designed to convert great business ideas into reality, providing a comprehensive suite of features to plan, fund, and grow your business.

What does Upmetrics do?

Upmetrics serves as a comprehensive business plan builder, offering AI assistance to help users write their business plans with ease. It provides a library of over 400 sample business plans across various industries to help users get started. The platform also offers real-time collaboration features, allowing teams to work together seamlessly. Upmetrics is not just a business plan creator, it also offers financial forecasting tools, a pitch deck creator, and a variety of business models to help businesses strategize and grow.

Upmetrics Key Features

AI Assistance : Upmetrics offers AI assistance to help users write their business plans. It can auto-write, rewrite, shorten, expand, or even change the tone of the business plan, making the process more efficient and less time-consuming.

Business Plan Builder : Upmetrics provides a robust business plan builder that allows users to create comprehensive and professional business plans. It also offers over 400 sample business plans to help users get started.

Financial Forecasting : Upmetrics includes financial forecasting tools that help businesses plan their finances effectively. These tools can aid in creating detailed financial projections and forecasts.

Pitch Deck Creator : Upmetrics features a pitch deck creator that helps businesses create compelling pitch decks to attract investors and stakeholders.

Business Models : Upmetrics provides a variety of business models that businesses can use to strategize and plan their growth.

Collaboration Tools : Upmetrics offers real-time collaboration tools that allow teams to work together seamlessly on their business plans.

Upmetrics Pricing Plans

Upmetrics offers two main pricing plans: the Starter Plan and the Premium Plan.

Starter Plan : The Starter Plan is priced at $7 per month when billed annually. It is designed for individuals or small teams who are just starting their business planning journey.

Premium Plan : The Premium Plan is priced at $14 per month when billed annually. This plan is designed for larger teams or businesses that require more advanced features and capabilities.

Upmetrics accepts payments through debit and credit cards.

Enloop stands out as a dynamic and user-friendly online AI business plan generator designed to simplify the complex process of business plan creation. It offers a suite of tools that cater to both novices and seasoned entrepreneurs, aiming to transform the daunting task of business plan writing into a more manageable and efficient experience. Enloop’s system is engineered to guide users through each step, ensuring that the final product is not only comprehensive but also tailored to meet the expectations of potential investors and financial institutions.

What does Enloop do?

Enloop serves as an automated business plan generator that leverages artificial intelligence to craft personalized business plans. The platform’s core functionality revolves around its ability to generate customized text, which users can then edit to suit their specific business needs. Enloop’s sophisticated algorithms also integrate financial data into the text, providing real-time updates and ensuring consistency across the document. This seamless synchronization between textual and financial elements is designed to produce a cohesive and professional business plan that can withstand the scrutiny of stakeholders and lenders.

Enloop Key Features

Automated Text Writing : Enloop’s automated text writing feature generates customized content that users can modify. This tool is particularly beneficial for those who may not be adept at articulating business concepts, as it provides a solid foundation upon which they can build and refine their business plan.

Financial Ratios Analyzed : The platform offers analysis of 16 critical financial ratios, comparing forecasted performance with industry peers. This insight is invaluable for understanding a business’s financial health and positioning in the market.

Real-Time Performance Score : Users receive a real-time performance score that reflects the strength of their business plan. This scoring system motivates users to improve their plans and, by extension, their potential business outcomes.

Automatically Generated Financial Reports : Enloop not only generates financial forecast reports but also explains them, making complex financial data accessible and understandable for entrepreneurs.

Pass/Fail Report and Certificate : The platform provides immediate feedback on critical issues through its pass/fail report, allowing users to make necessary adjustments before these issues manifest in the real world.

Country Currency Formatting : With over 100 currency symbols and number formatting options, Enloop caters to a global user base, ensuring that financial data is presented in a format that is familiar and relevant to the user’s location.

Enloop Pricing Plans

Enloop offers a variety of pricing plans to accommodate the diverse needs of its users.

7-Day Plan : This plan is designed for those who wish to test the waters before committing to a longer-term option. It includes basic features such as automated text writing and financial forecasting.

Detailed Plan : Aimed at users requiring more in-depth analysis, this plan, priced at $19.95 per month ($11 per month when billed annually), offers additional financial details and the ability to analyze more ratios, providing a more comprehensive understanding of the business’s financial prospects.

Performance Plan : For the most ambitious users, the Performance Plan, priced at $39.95 per month ($24 per month when billed annually), includes all the features of the Detailed Plan, along with enhanced collaboration tools and advanced performance scoring to help finetune the business plan to perfection.

Enloop accepts various payment methods, including debit and credit cards.

7. PitchBob.io

PitchBob.io emerges as a sophisticated platform designed to streamline the process of business plan creation for startups and entrepreneurs. At its core, PitchBob.io harnesses the power of artificial intelligence to distill complex business ideas into polished, investor-ready business plans. This service acts as a virtual business analyst, engaging users in a detailed dialogue to extract the essence of their business concept, which it then meticulously crafts into a comprehensive 20-page document. The platform prides itself on its ability to save users time and resources typically spent on consulting services, offering a cost-effective solution that equates to the price of a few team pizzas.

What does PitchBob.io do?

PitchBob.io serves as an AI-driven co-pilot for startups and entrepreneurs, providing a suite of tools to enhance and evaluate business ideas. The platform’s capabilities extend beyond business plan generation to include the creation of pitch decks, investor letters, and startup one-pagers. PitchBob.io leverages a decade of human experience in startup deck creation to help users articulate their business ideas with clarity and precision. With its web-based accessibility, PitchBob.io enables users to create and edit their pitch materials from any device, ensuring that their presentations are persuasive and tailored to the expectations of potential investors.

PitchBob.io Key Features

Idea Formulation : PitchBob.io guides users through a series of targeted questions, aiding in the structuring and articulation of their business concepts.

Instant Deck Creation : The platform boasts the ability to generate professional pitch decks swiftly, translating user inputs into a structured template ready for immediate use.

Idea Improvement : PitchBob.io offers advice and suggestions for each response, teaching users how to refine their ideas for maximum impact.

VC-Style Coaching : Users receive coaching akin to venture capitalist questioning, preparing them for real-world investor interactions.

Deck Evaluation and Feedback : The service includes a critical analysis of pitch decks, providing constructive feedback to enhance content and presentation quality.

Export Options : PitchBob.io allows users to export their pitch decks in various formats, including PDF, PowerPoint, and Keynote, facilitating easy sharing with investors.

PitchBob.io Pricing Plans

PitchBob.io offers three distinct pricing plans to cater to a range of needs and budgets.

Basic Plan : This plan, priced at $19.90 per month, optimizes user responses for presentation templates using AI, suitable for those seeking a straightforward enhancement of their pitch materials.

Advanced Plan : Building on the Basic Plan, the Advanced Plan includes AI recommendations and advice to further refine presentation content and priced at $39.90 per month.

Pro Plan : The Pro Plan, priced at $59.90 per month, offers the most comprehensive support, with alternative versions of answers and in-depth content enhancement for a polished final product.

PitchBob.io accepts various payment methods, including debit and credit cards, PayPal, and bank wire transfers, providing flexibility for users to choose their preferred payment option.

8. Easy-Peasy.AI

Easy-Peasy.AI is a versatile AI content generator designed to streamline the process of creating business plans and other types of content. It leverages advanced AI technology to provide a user-friendly platform that caters to startups, small businesses, and even individual content creators. The platform is designed to help users create high-quality content efficiently, saving them time and effort.

What does Easy-Peasy.AI do?

Easy-Peasy.AI is a comprehensive AI content tool that assists with a variety of writing tasks. From generating business plans, creating resumes, composing emails, to crafting social media content, Easy-Peasy.AI is equipped to handle it all. It offers over 170 templates, making it a versatile tool for different content creation needs. The platform also provides solutions for generating product descriptions, podcast titles, and even personalized love letters for special occasions. It’s not just a content generator, but a tool designed to enhance creativity and efficiency.

Easy-Peasy.AI Key Features

User-Friendly Interface : Easy-Peasy.AI boasts a simple and intuitive interface that allows users to create long-form content and generate custom text for their needs.

Variety of Templates : With over 170 templates, users can create almost any content, from business plans to social media posts.

AI Chat Companion : Easy-Peasy.AI features a friendly AI buddy named Marky that users can interact with in natural language to get the answers they need.

Language Support : With support for over 35 languages, Easy-Peasy.AI ensures that users can reach a global audience without language barriers.

Audio Transcription : Transcribe audio effortlessly with Easy-Peasy.AI’s advanced transcription features.

Environmental Commitment : Easy-Peasy.AI contributes 1% of purchases to remove CO₂ from the atmosphere, showcasing a commitment to environmental responsibility.

Easy-Peasy.AI Pricing Plans

Easy-Peasy.AI offers a range of pricing plans to suit different needs. Here are the available plans:

Free Plan : This plan offers basic features with limited usage.

Basic Plan : Priced at $4.99/month, this plan offers expanded features.

Unlimited Plans : Starting at $9.99/month, these plans offer unlimited usage and access to all features.

Easy-Peasy.AI accepts debit and credit cards, PayPal, and bank wire transfer for payments.

FAQs on AI Business Plan Generator

What is an ai business plan generator.

An AI Business Plan Generator is a sophisticated software tool that leverages artificial intelligence to assist entrepreneurs in creating detailed, data-driven business plans. By inputting basic information about their business idea, users can receive a comprehensive plan that includes market analysis, financial projections, and strategic insights, all tailored to their specific needs.

Who can benefit from using an AI Business Plan Generator?

Virtually anyone planning to start a business can benefit from using an AI Business Plan Generator. This includes first-time entrepreneurs, seasoned business owners looking to venture into new markets, and even students or professionals working on business-related projects or coursework.

How accurate are the business plans generated by AI?

The accuracy of a business plan generated by AI largely depends on the quality of the input provided by the user and the sophistication of the AI’s algorithms. Most advanced generators are designed to produce highly accurate and relevant plans by analyzing vast amounts of market data and trends.

Can AI Business Plan Generators replace human consultants?

While AI Business Plan Generators can significantly streamline the process of creating a business plan, they may not entirely replace the need for human consultants, especially for complex or highly specialized businesses. Human consultants can offer insights, creativity, and expertise that are currently beyond the scope of AI.

Are there any free AI Business Plan Generators available?

Yes, there are several free AI Business Plan Generators available online. However, the features and capabilities of free versions may be limited compared to paid subscriptions, which offer more advanced functionalities and customization options.

How do AI Business Plan Generators handle financial projections?

AI Business Plan Generators handle financial projections by using algorithms to analyze market data, historical financials, and industry benchmarks. Users typically need to input basic financial information, and the AI then extrapolates this data to create detailed projections.

Can I customize the business plan generated by AI?

Yes, most AI Business Plan Generators allow for a degree of customization. Users can often edit sections, add personal insights, and adjust financial projections to better reflect their vision and strategy.

How long does it take to generate a business plan with AI?

The time it takes to generate a business plan with AI can vary from a few minutes to several hours, depending on the complexity of the business and the level of detail required. Generally, the process is significantly faster than creating a plan manually.

Is my data safe when using an AI Business Plan Generator?

Reputable AI Business Plan Generators implement robust security measures to protect user data. However, it’s essential to review the privacy policy and security practices of the tool before inputting sensitive information.

How often should I update my AI-generated business plan?

It’s advisable to update your business plan regularly, at least once a year or whenever significant changes occur in your business or the market. AI Business Plan Generators can facilitate this process by making it easier to adjust and regenerate plans as needed.

Embarking on the journey of entrepreneurship requires a solid foundation, and a well-crafted business plan is a cornerstone of that foundation. AI Business Plan Generators represent a leap forward in how entrepreneurs approach this critical task, combining the efficiency of technology with the depth of strategic planning. These tools not only save time but also enhance the quality of business plans by incorporating data-driven insights and market analysis.

As the business landscape continues to evolve, the integration of AI into the planning process will become increasingly important. Entrepreneurs who leverage these tools effectively will find themselves better equipped to navigate the complexities of starting and growing a business. In the end, the goal of any business plan is to pave the way for success, and AI Business Plan Generators are becoming an indispensable ally in achieving that goal.

© Copyright 2020 Morning Dough - All rights reserved

• AI for HR Teams
• BPMN Symbols
• BPMN vs UML
• Business Process Analysis
• Business Process Modeling
• Capacity Planning Guide
• Case Management Process
• How to Avoid Bottlenecks in Processes
• Innovation Management Process
• Project vs Process
• Solve Customer Problems
• Startup Templates
• Streamline Purchase Order Process
• What is BPMN
• Approval Process
• Employee Exit Process
• Iterative Process
• Process Documentation
• Process Improvement Ideas
• Risk Assessment Process
• Tiger Teams
• Work Instruction Templates
• Workflow Vs. Process
• Process Mapping
• Business Process Reengineering
• Meddic Sales Process
• SIPOC Diagram
• What is Business Process Management
• Process Mapping Software
• Business Analysis Tool
• Business Capability Map
• Decision Making Tools and Techniques
• Operating Model Canvas
• Mobile App Planning
• Product Development Guide
• Product Roadmap
• Timeline Diagrams
• Visualize User Flow
• Sequence Diagrams
• Flowchart Maker
• Online Class Diagram Tool
• Organizational Chart Maker
• Mind Map Maker
• Retro Software
• Agile Project Charter
• Critical Path Software
• Brainstorming Guide
• Brainstorming Tools
• Visual Tools for Brainstorming
• Brainstorming Content Ideas
• Brainstorming in Business
• Brainstorming Questions
• Brainstorming Rules
• Brainstorming Techniques
• Brainstorming Workshop
• Design Thinking and Brainstorming
• Divergent vs Convergent Thinking
• Group Brainstorming Strategies
• Group Creativity
• How to Make Virtual Brainstorming Fun and Effective
• Ideation Techniques
• Improving Brainstorming
• Marketing Brainstorming
• Rapid Brainstorming
• Reverse Brainstorming Challenges
• Reverse vs. Traditional Brainstorming
• What Comes After Brainstorming
• Flowchart Guide
• Spider Diagram Guide
• 5 Whys Template
• Assumption Grid Template
• Brainstorming Templates
• Brainwriting Template
• Innovation Techniques
• 50 Business Diagrams
• Business Model Canvas
• Change Control Process
• Change Management Process
• NOISE Analysis
• Profit & Loss Templates
• Scenario Planning
• Winning Brand Strategy
• Work Management Systems
• Developing Action Plans
• How to Write a Memo
• Improve Productivity & Efficiency
• Mastering Task Batching
• Monthly Budget Templates
• Top Down Vs. Bottom Up
• Weekly Schedule Templates
• Kaizen Principles
• Opportunity Mapping
• Strategic-Goals
• Strategy Mapping
• T Chart Guide
• Business Continuity Plan
• Developing Your MVP
• Incident Management
• Needs Assessment Process
• Product Development From Ideation to Launch
• Visualizing Competitive Landscape
• Communication Plan
• Graphic Organizer Creator
• Fault Tree Software
• Bowman's Strategy Clock Template
• Decision Matrix Template
• Communities of Practice
• Goal Setting for 2024
• Meeting Templates
• Meetings Participation
• Microsoft Teams Brainstorming
• Retrospective Guide
• Skip Level Meetings
• Visual Documentation Guide
• Weekly Meetings
• Affinity Diagrams
• Business Plan Presentation
• Post-Mortem Meetings
• Team Building Activities
• WBS Templates
• Online Whiteboard Tool
• Communications Plan Template
• Idea Board Online
• Meeting Minutes Template
• Genograms in Social Work Practice
• How to Conduct a Genogram Interview
• How to Make a Genogram
• Genogram Questions
• Genograms in Client Counseling
• Understanding Ecomaps
• Visual Research Data Analysis Methods
• House of Quality Template
• Customer Problem Statement Template
• Competitive Analysis Template
• Creating Operations Manual
• Knowledge Base
• Folder Structure Diagram
• Online Checklist Maker
• Lean Canvas Template
• Instructional Design Examples
• Genogram Maker
• Work From Home Guide
• Strategic Planning
• Employee Engagement Action Plan
• Huddle Board
• One-on-One Meeting Template
• Story Map Graphic Organizers
• Introduction to Your Workspace
• Managing Workspaces and Folders
• Adding Text
• Collaborative Content Management
• Creating and Editing Tables
• Adding Notes
• Introduction to Diagramming
• Using Shapes
• Using Freehand Tool
• Adding Images to the Canvas
• Accessing the Contextual Toolbar
• Using Connectors
• Working with Tables
• Working with Templates
• Working with Frames
• Using Notes
• Access Controls
• Exporting a Workspace
• Real-Time Collaboration
• Notifications
• Meet Creately VIZ
• Unleashing the Power of Collaborative Brainstorming
• Uncovering the potential of Retros for all teams
• Collaborative Apps in Microsoft Teams
• Hiring a Great Fit for Your Team
• Project Management Made Easy
• Cross-Corporate Information Radiators
• Creately 4.0 - Product Walkthrough
• What's New

Harnessing the Power of AI: A Comprehensive Guide to Crafting a Dynamic Business Plan

If you have ever tried to write one, you know just how challenging crafting a business plan can be. There’s a lot of foresight, strategic thinking, and meticulous attention to detail involved. You have to understand what people want, figure out how to fund it, and explain your big ideas clearly. Entrepreneurs have to do all this while dealing with the everyday chaos of running a business.

To this end, one of the most useful applications of AI has been its ability to be your thinking- assistant- adding structure to your thoughts- and creating frameworks to help you navigate through complex problems.

• Ready to use
• Fully customizable template
• Get Started in seconds

Why Use AI to Write Your Business Plan?

The arrival of artificial intelligence has revolutionized how you gather and put together information. AI’s predictive analytics and data-driven insights help businesses make more informed decisions, often leading to a significant competitive edge. Here are some of the competitive advantages of integrating AI into business planning processes:

• Enhanced accuracy in market analysis and financial projections.
• Real-time adaptation to market changes and customer behavior.
• Personalized strategies that align closely with company goals and customer needs.

By leveraging AI, businesses can visualize their business plan in new ways Now data can be used as a strategic asset that drives growth and innovation. Writing a business plan is no longer just about a document to present to investors; it’s about creating a dynamic blueprint that evolves with your business and the market.

Use AI as your thinking Assistant

The ability to automate complex processes, gain insights from big data, and enhance decision-making can help the way you think about designing your business. This includes streamling operations, predicting customer behavior, and personalizing marketing efforts.

The ability to collect, process, and analyze vast amounts of information is what makes AI so powerful in business planning.

A robust business plan typically includes components such as market analysis, financial projections, and marketing strategies. AI can optimize each aspect of a business plan:

• Market Analysis : AI tools can analyze market trends and customer feedback, offering a more nuanced understanding of the competitive landscape.
• Financial Projections : Machine learning algorithms can provide more accurate revenue forecasts by analyzing past performance and market conditions.
• Marketing Strategies : AI can personalize customer interactions and optimize marketing campaigns for better engagement and conversion rates.
• Decoding Customer Behavior: AI algorithms are adept at analyzing customer interactions and feedback across various platforms. By processing this data, businesses can gain a nuanced understanding of customer preferences and tailor their offerings accordingly.
• Predictive Market Trends: AI doesn’t just analyze the present; it’s also predictive. By examining historical data and current market conditions, AI can forecast future market shifts, giving businesses a strategic advantage in planning their next move.
• Real-time Market Insights: With AI, market analysis is not a one-time report but a continuous stream of insights. This allows companies to adapt quickly to changing market dynamics and maintain a competitive edge.

Using AI to Develop Your Business Plan (With Prompts)

Your Executive Summary : Begin with an AI-generated executive summary that encapsulates the financial health and projections of your business. You can use specific AI tools to analyze historical data and generate a concise summary that highlights key financial metrics and future goals. A useful prompt to help you do this:

• Write a very detailed executive summary for a [insert your company type] that is requesting funding. Here is some context to get you started: {Succinctly summarize the key elements of your business} {List 5 business objectives} { 3 unique selling points}

Company Description : Utilize AI to provide a data-backed company valuation and financial history. This can include automated calculations of burn rate, cash flow, and other vital financial statistics that give stakeholders a clear picture of your company’s fiscal standing.

• Write a very detailed mission statement for a [insert business] that values [insert values] and offers [insert products and/or services]
• Write a very detailed business description for a [ insert business name] that sells [insert products and/or services]. The company values [insert values].
• Write a very detailed product description for (insert products and/or services) that highlights [insert features to highlight]

Market Analysis : Deploy AI algorithms to analyze the market size, growth rates, and trends. This will help you to forecast demand and price points, which are essential for accurate financial planning.

• Write a very detailed market analysis for a [insert business type].
• Create a target audience for a [insert business type] who wants to target [insert who you want to target. Include their age, race, gender, likes, dislikes etc]
• What are the top 3 market trends for the [insert industry] and why are they trending?

Competitive Analysis : AI can help you perform a deep dive into competitors' financial strategies. By analyzing public financial reports and market data, AI can uncover insights into pricing strategies, market share, and financial strengths or weaknesses of your competitors.

• Write a very detailed competitive analysis for a [insert company] who’s advantage is [insert your advantage over the market]
• Find 3 competitors for a [insert business type] and explain their competitive advantage.
• Write a unique selling proposition for a [insert product or service type] that is [insert unique selling proposition].

Sales and Marketing Plan : Predictive analytics can forecast the ROI of different marketing strategies, helping you to allocate your budget effectively. AI can also optimize your sales funnel by predicting customer lifetime value and churn rates.

• Write a very detailed sales and marketing plan for a [insert business type] that offers [insert products and/or services]
• Write a very detailed growth strategy for a [insert business type] that offers [insert products and/or services]

Ownership and Management Plan : AI can assist in modeling different ownership structures and their financial implications, as well as predict the financial impact of management decisions.

• Write a very detailed Ownership Structure for a [insert business type] that has [include the ownership roles that you have in your company]
• Write a very detailed Management Plan for a [insert business type] that has [include the roles that you have in your company]

Operating Plan : Use AI to simulate various operational scenarios and their costs. This includes everything from supply chain optimization to energy consumption and staffing requirements.

• Write a very detailed Operating Plan for a [insert business type] that operates [include where you operate your business ex: online, storefront etc]
• Write a very detailed risk management assessment for a [insert business type] that operates [include where you operate your business ex: online, storefront etc]

Financial Plan : This is where AI truly shines. Machine learning models can provide detailed revenue forecasts, expense projections, and cash flow analysis. They can also help in stress-testing your financial plan against various economic scenarios to ensure resilience.

• Create a detailed year sales forecast for a [Insert business type] with an average growth rate of [XX% per year and an average order value of $XX]
• Create a break-even analysis for a [insert business type] with an average order value of SIXXI. The Total cost per unit is $[XX]. The yearly combined fixed and variable costs is[XXX]
• Write a very detailed funding request section of a business plan for a [insert business type] that is requesting [XX] for [insert what you need the funding for]

Develop A Robust Business Plan with Creately VIZ

Use the AI-powered visual intelligence of Creately VIZ to develop strategic business plans. The AI templates help you generate, expand, organize and transform all the information you require to put together a complete business plan. You can use Creately VIZ as your strategic partner - taking advantage of visual frameworks to build out winning strategies.

Business Model Canvas: The Business Model Canvas is a strategic planning tool, that condenses a comprehensive business plan into a one-page visual. Comprising nine key building blocks, it offers a holistic view of a business, from customer segments and value propositions to revenue streams and cost structures.

Strategic Blueprint: A strategic blueprint is a detailed, overarching plan that outlines an organization’s long-term goals and the actions needed to achieve them. It serves as a guiding document for decision-making and resource allocation. Typically encompassing mission statements, objectives, and tactics, a strategic blueprint provides a roadmap for navigating challenges and leveraging opportunities. It considers internal and external factors, aligning organizational strengths with market demands.

Capability Mapping: A business capability map is a visual representation that outlines the core competencies and capabilities of an organization. It provides a comprehensive view of the skills, processes, technologies, and resources required to achieve business objectives. Like a strategic blueprint, a capability map guides decision-making but focuses on the specific abilities needed for successful operations. It often categorizes capabilities into key domains, such as operational, strategic, and customer-related. This map serves as a strategic planning tool, aligning business activities with organizational goals.

AI transforms a static business plan into a dynamic blueprint that evolves with your business and the market. The competitive advantages it offers, from enhanced accuracy in market analysis to real-time adaptation and personalized strategies, underscore the transformative power of AI. As you embark on crafting your business plan, consider leveraging AI as your thinking assistant, ensuring your strategies align with evolving market dynamics. With AI, the journey from plan to success becomes a continuous and adaptive process.

Join over thousands of organizations that use Creately to brainstorm, plan, analyze, and execute their projects successfully.

More Related Articles

Chiraag George is a communication specialist here at Creately. He is a marketing junkie that is fascinated by how brands occupy consumer mind space. A lover of all things tech, he writes a lot about the intersection of technology, branding and culture at large.

The World’s Best AI Business Plan Generator

PlanPros’ AI-powered business plan generator is the absolute quickest and easiest way for you to create a professional business plan.

As Seen in 500+ Media Outlets:

Discover the PlanPro’s Advantages

Save time and effort.

Let our AI business plan generator do all of the heavy lifting, creating a comprehensive business plan for you in just minutes.

Quickly Secure Funding

PlanPros will create a strategically sound business plan for you in the precise format that attracts investors and lenders.

Works for Your Business

PlanPros has been used to develop AI-generated business plans for over 1,000 types of business, so rest assured it will 100% work for your business!

Improve Your Strategy

Our AI business plan generator has been specially developed to improve your business, operations and marketing strategies to improve your long-term success.

Craft The Perfect Business Plan With Artificial Intelligence In Just 12 Minutes

“planspro has been an absolute game-changer for my company. the user-friendly system coupled with its ai technology made crafting our business plan a breeze…the exceptional quality of the final business plan exceeded my expectations.”.

Here’s a little bit about our team

• 25+ years of business planning experience
• Have helped over 1 million entrepreneurs and businesses create impressive business plans
• Dedicated to YOUR success
• Our business plan clients have raised over $5 billion

We are so confident you’ll love PlanPros that we give you the opportunity to try it absolutely free!

Entrepreneurs & business owners love planpros....

“ PlanPros is hands down the best business planning software out there. As a long-time business plan writer and consultant who has tried his fair share of business plan tools, this one far outweighs the competition.

What used to be a laborious and complex process is now fast, easy, professional and dare I say quite fun!

I highly recommend PlanPros to any entrepreneur in need of a business plan.”

“ PlanPros is an incredible business plan generator. It transformed what was once a daunting task into a straightforward and quick process.

Its user-friendly interface, with clear and concise prompts, made creating a business plan much more manageable for me.

It also helped me to focus on the core aspects of my business and more confidently secure the right type of investor.”

“PlanPros is the kick-in-the-pants I needed after being in business for two years. It allowed me to quickly and easily create a great business plan for Love Equals that will surely help us in our next stage of development.

The business plan helped me better understand who we are and what we are trying to do, and it mapped out a roadmap for our company to achieve the success we want.”

The process is easy!

Our AI business plan maker asks you some quick and easy questions about your business.

The PlanPros AI business plan generator then writes your entire business plan, including the executive summary, market analysis, competitive analysis, complete 5-year financial projections and more.

Our AI-generated business plans are geared specifically to the needs of investors and lenders. Whether you need funding or not, our plans guide you to successfully grow your company!

Harness the power of AI for a smarter approach to planning

PlanPros.ai simplifies the planning process, providing you with a strategic roadmap to success. Optimize your business strategy with our AI-driven platform and watch your company thrive.

Impress Investors with a Highly Professional Business Plan

Attract the right potential investors and lenders with a polished, data-driven business plan from PlanPros. Showcase your business’ potential and secure the funding you need to succeed.

Create A Winning Business Plan In Minutes

PlanPros.ai’s intelligent AI-powered tool crafts the perfect business plan for you in just minutes, giving you more time to focus on growing your business.

What PlanPros Clients are Saying…

“I needed a professional business plan quickly to present to an investor. PlanPros allowed me to create a great plan, in just minutes, that really impressed the investor. Thank you PlanPros!!!”

“ PlanPros is simply incredible! I highly recommend it for any small business owner or entrepreneur looking for an efficient way to create a professional business plan.”

“Not only did PlanPros help me complete my business plan in just minutes, but I already received funding from an investor! I highly recommend it! “

“ PlanPros.ai is a revolutionary tool for all business owners. It is so simple to use and allowed me to complete my business plan in minutes. Thanks to PlanPros we now understand which services and targets to focus our efforts on, and what our expansion possibilities are.”

“ Wow! PlanPros really exceeded my expectations! I utilized it to create a business plan for my company, and I was truly impressed by its precision and efficiency. In the end, it worked its magic, producing an outstanding business plan complete with amazing financial forecasts.”

“ PlanPros is amazing! It is by far a superior tool for creating a business plan than anything I have ever seen. In just minutes, PlanPros allowed me to create a great business plan. Super simple to use and outstanding results. What a great product!”

Ready To Complete Your Business Plan? Get Started Now!

You ask, we answer.

Yes, we are so confident you’ll love PlanPros that we give you the opportunity to try it absolutely free! Just click any of the “Try it for free” buttons on this page. You’ll immediately be taken to the PlanPros business plan generator . There you’ll be able to quickly complete part of your business plan absolutely free. You’ll see just how simple it is to use, and how incredible the plan is that it creates for you.

Simply answer some questions about your business and PlanPros writes a comprehensive business plan for you. You can then edit your plan further if desired.

You will be able to complete and print out your professional business plan within minutes. That being said, we recommend reviewing and editing your plan…even with these additional steps, you should be able to complete your entire business plan within 1 hour of starting. 

We have different plans from which you can choose. See our  plans & pricing here .

Some sample questions include:

• Tell us briefly about your business?
• Which of the following promotional tactics might you want to use to attract new customers (click on relevant tactics from our comprehensive list)
• Briefly describe your background or provide us with your LinkedIn URL so our AI can write the management team section of your business plan.

We are so confident you’ll love PlanPros, that if you’re not fully satisfied with it, simply contact us via email, phone or online within the 30 days and we’ll gladly refund your money.

Everything that you need to know to start your own business. From business ideas to researching the competition.

Practical and real-world advice on how to run your business — from managing employees to keeping the books.

Our best expert advice on how to grow your business — from attracting new customers to keeping existing customers happy and having the capital to do it.

Entrepreneurs and industry leaders share their best advice on how to take your company to the next level.

• Business Ideas
• Human Resources
• Business Financing
• Growth Studio
• Ask the Board

Looking for your local chamber?

Interested in partnering with us?

Start » startup, how to use ai tools to write a business plan.

These tools use artificial intelligence to generate full business plans you can take to investors.

Writing a business plan is an important, if arduous, task. Most investors and financial institutions will ask to see your business plan before providing startup capital. But, for many entrepreneurs, putting pen to paper to detail your idea can be burdensome.

AI tools can speed up the process of writing a business plan by providing the framework and initial content. However, you’ll need to go through the plan in detail to make sure it accurately reflects the financial modeling, mission and vision, and other elements that you’re starting to put into motion. Consider any business plan generated by these AI tools as a starting point from which to finesse your plan to perfection.

[Read more: Writing a Business Plan? Here’s How to Do It, Step by Step ]

ProAI is built to generate custom business plans that include financial projections, market research, and a SWOT analysis. These detailed plans can be edited in the app or exported to Google Docs and Sheets for further editing. Simply answer some questions about your business information and goals; AI will create a custom plan with financials. The report can be ready in a few days, depending on the depth and level of customization required — something you determine when you go through the initial process. ProAI can also provide pitch decks and business funding. Pricing for ProAI starts at $199/month.

[Read more: 4 Effective Ways Small Businesses Can Leverage AI ]

Simplified offers a unique AI generator for small businesses. Like ProAI, you simply enter your small business details and objectives, or work off one of their existing templates (such as for a gym, food truck, or real estate service). Simplified’s artificial intelligence can generate market analysis, financial projections, and a clear value proposition for your plan. It can be edited within the tool. The best part? Simplified is free up to 2,000 words.

LivePlan Assistant is the company’s AI writing tool that can help you create a business plan. With this option, you can select one of LivePlan’s business plan templates and get help filling in each section from the Assistant. LivePlan’s database of 550 free sample business plans gives you a good starting point. The Assistant’s “Help Me Write” function will then generate ideas for each section of your plan according to the information you give it. It includes financial forecasting functionality, too. Pricing for LivePlan starts at $20/month.

WriteCream develops generic business plans that can be customized to fit your vision.

Upmetrics ’ AI Assistant can autowrite sections of your business plan, adjust the tone of your content to be more persuasive or professional, and reformat sections to make the plan flow. Unlike other tools on this list, Upmetrics also offers well-designed cover pages so you can make your document stand out. The platform lets you collaborate with different users on the same document so you can stay organized and coordinate better. And, instead of using a set template, Upmetrics has a drag-and-drop builder so you can determine what sections you want to include. Upmetrics starts at $7/month.

IdeaMaster.io

IdeaMaster uses ChatGPT-3 to create fairly basic business plans; if you’re looking for a short two-pager to share with investors before fully developing your concept, this is a good starting point. Simply tell IdeaMaster your industry and product type to get started. Plans include the basics, such as market size, MVP features, value proposition, sales and marketing channels, and key resources, among other things. Best of all, IdeaMaster is free.

WriteCream develops generic business plans that can be customized to fit your vision. It’s less sophisticated than other tools on this list, and it can be used as a blank canvas if you have a great idea but no time (or patience) to write a full business plan. It doesn’t come with the bells and whistles of other tools, but it is affordable: WriteCream is free-to-use for up to 10,000 words per month.

CO— aims to bring you inspiration from leading respected experts. However, before making any business decision, you should consult a professional who can advise you based on your individual situation.

CO—is committed to helping you start, run and grow your small business. Learn more about the benefits of small business membership in the U.S. Chamber of Commerce, here .

Join us for our Small Business Day event!

Join us at our next event on Wednesday, May 1, at 12:00 p.m., where we’ll be kicking off Small Business Month alongside business experts and entrepreneurs. Register to attend in person at our Washington, D.C., headquarters, or join us virtually!

Subscribe to our newsletter, Midnight Oil

Expert business advice, news, and trends, delivered weekly

By signing up you agree to the CO— Privacy Policy. You can opt out anytime.

For more startup tips

How to change your ein, or how to fix an incorrect ein, micro-business vs. startup: what’s the difference, micro businesses: what are they and how do you start one.

By continuing on our website, you agree to our use of cookies for statistical and personalisation purposes. Know More

Welcome to CO—

Designed for business owners, CO— is a site that connects like minds and delivers actionable insights for next-level growth.

U.S. Chamber of Commerce 1615 H Street, NW Washington, DC 20062

Social links

Looking for local chamber, stay in touch.

• Website Examples
• Website Builder Comparisons
• WooCommerce
• HTTP Errors
• WordPress Errors

12 AI Business Plan Generators to Start Any Business in 2024

15MinutePlan

Wordkraft ai, beautiful ai.

• Brixx Plan Software

Useful ChatGPT prompts for writing a business plan

Tips for using chatgpt to create a business plan, how to make sure the ai-generated business plan is good enough.

Hello! My name is Arto Minasyan, I’m the Founder and CEO here at 10Web, and a Co-Founder at Krisp. I’ve earned a PhD in Mathematics, in addition to a BA and Master’s in Physics, as well as an MBA. I am a serial entrepreneur, and I know that crafting a business plan can seem like a daunting task. 

However, whether you are launching a new business or seeking growth for your current venture, it’s vital to communicate your vision in a thorough business plan.

That’s why I’m excited to share this list of AI business plan generators alongside a few personal tips that I think will inspire you and aid you in creating a well-structured and detailed business plan.

12 AI business planners to help you start your business fast

Generate and refine an executive summary.

Free Plan Paid plan: From 12$ / month

Key features

• AI-generated, customizable business plans.
• AI-assisted enhancing and editing.
• Efficient process with only 4 questions.

Grammarly’s AI Business Plan Generator is a tool designed to assist aspiring entrepreneurs in creating an Executive Summary for their business plans. This tool is a part of Grammarly.com’s suite of AI-assisted writing and proofreading tools. It’s specifically tailored to generate business plans suitable for various types of businesses, leveraging Grammarly’s expertise in enhancing writing quality through AI-driven suggestions.

The AI Business Plan Generator operates in a straightforward and user-friendly manner. Users start by answering a few questions describing their business, including marketing and financial details and competitor information. With only 4 questions to answer, the more detail you can provide, the better the generated results will be for your business plan.

Once Grammarly generates the business plan, you can use its familiar tools to adjust the text for formality, tone, and length, in addition to the usual suggestions for grammatical improvements. The generated draft includes sections with customized, more fully developed plans that reflect your original responses, allowing you to focus more on refining ideas and less on the intricacies of writing.

Detailed AI-generated business plans.

Free to try Paid plan: From 99$

• Quick, AI-generated plans.
• ChatGPT 4 available.
• Detailed business plans.
• Editable via "Talk To Plan".

15minuteplan.ai is an AI-powered tool designed to create professional business plans quickly and efficiently.  While it aims to help anyone who needs a business plan, with its ability to personalize financial statements and plans, it might be of particular interest to those seeking investor or bank funding.

This AI business plan generator relies on GPT-3.5 and GPT-4 to draw upon a vast array of deep sources, significantly reducing the time and effort traditionally required to create a business plan.

As described, the process of creating a business plan with 15minuteplan.ai takes about – you guessed it – 15 minutes. Users begin by answering seven critical questions that cover the business plan’s purpose, descriptions of products or services, target customer groups, drivers of success, weaknesses, budget and spending plans, and financial details. The handy AI-assisted suggestions can really speed up this Q & A part of the process. 

Based on these responses, the tool generates a detailed business plan encompassing various elements such as an executive summary, industry overview, SWOT analysis, marketing strategies, segmentation, targeting, positioning (STP), product strategy, operations plan, management roles, financial projections, and risk mitigation strategies. 

While access to the full business plan requires signing up, 15minuteplan.ai offers a substantial preview of the generated business plan to get an idea of what’s included. Additionally, the platform features a unique “Talk To Plan” option, allowing users to easily edit their AI-generated plans by specifying the changes they want, which the AI then integrates effortlessly. This system streamlines the entire process of business plan generation, making it more accessible and less time-consuming.

AI-enhanced business plan templates.

Free plan Paid plan: From 20$ / month

• AI-assisted template interface.
• Customizable business plan sections.
• AI generated content options.
• Flexible tone and style settings.

As the name suggests, Copy AI is an AI writing assistant leveraging AI’s power and natural language processing. Copy AI allows you to write almost anything, from optimized blog content to digital ad copies, eCommerce copies, sales copies, social media content, and more. 

You can also use Copy AI as an AI business plan generator for almost any kind of business by logging in and selecting from a range of premade templates available online .  

Once you have selected a business plan template, you’ll be prompted to fill in the following details: 

• Your business name 
• A description of the problem your business solves
• A description of how your business will solve that problem
• The target market description
• Revenue model description

Besides providing you with a variety of business templates,  Copy AI allows you to customize details such as the tone of your content and more. 

AI-assisted business plan writing.

Free plan Paid plan: From 29$ / month

• Utilizes GPT-3.5 for content generation.
• Customizable business plans available.
• AI-assisted editing for refinement.

WordKraft is an AI-powered web application for generating optimized, authentic and high-quality content for various needs, such as marketing, blogs, and social media. Like many AI tools, Wordkraft runs on the powerful large language model GPT-3.5. 

You can also use Wordkraft’s free business plan template to generate a draft . Using the Wordkraft template, you’ll be asked to enter details about your business to guide the AI tool when generating the business plan.

Some details you’ll have to provide include an introduction of the business, the benefits, how the business solves the problem, the market for this product or service, and how to reach the target audience and make business.

Wordkraft is an excellent AI business plan generator for entrepreneurs looking for an easy-to-use interface and access to advanced features such as language and tone of voice options. This AI business planner generator also allows you to select the level of creativity that you need.

Generate presentations based on text prompts.

No Free plan available. Paid plan: From 12$ / month

• Professional slides, powered by AI.
• Design prompts for presentations.
• AI-generated content tools.
• Smart, auto-created templates.

Beautiful AI is a generative ai presentation software that enables businesses to create stunning presentations with minimal effort. With Beautiful AI you can access modern and creatively designed templates that you can use to jumpstart your presentations.

Luckily, Beautiful AI prowess extends as a business plans presentation and AI business plan generator.  Using Beautiful AI, you can create elegant business plans and presentations by selecting from a collection of quality templates. 

Beautiful AI gives you access to 100+ templates. You also don’t need any design skills to create a beautiful presentation or a business plan.

AI tool collection for documents & media.

• AI tools for documents, graphics, media.
• Enter plan details to generate.
• Suitable for diverse business types.

Simplified is a collection of AI-powered tools that can help individuals or businesses of any size easily accomplish some tasks. Some of the tools offered by Simplified AI include an AI presentation maker, image generator , AI writer, AI content rewriter, image resizer, and more.

Among the many AI capabilities of Simplified is also an AI business plan generator. Using Simplified, small businesses can generate a business plan using the templates provided. These templates already contain the outline and structure of how the business plan should look. All you have to do is select the desired tone and the output language.

Alternatively, you can open Simplified AI Writer and start on a blank canvas. However, you must give context and instructions on the business plan you want to generate.

Simplified has many built-in tools , such as Grammarly and graphic design , video editing, and image generation capabilities. Leverage these tools to create stunning customizable design templates, photo, video, and graphic assets for your business plan and other business needs.

AI-assisted note-taking and templates.

Free plan Paid plan: From 10$ / month

• Especially helpful for Notion users
• AI integrated note-taking system.
• Customize business plan templates with AI.

Notion AI is a productivity and workspace application capable of doing so many functions. You can use Notion as a project management app for note-taking and docs management, setup team spaces, and so much more. 

While Notion is not specifically designed as an AI business planner, it includes features that can help accomplish so much in that area. Notion AI can help you design quality, interactive, and shareable business plans using templates. You do not have to start from scratch while designing your business plan.

If you have a team, Notion makes this even better. Your team members can collaborate and contribute ideas seamlessly. You can also leave feedback and integrate many useful tools such as Google Docs, Trello, and Slack. 

AI apps for different purposes.

• Collection of easy-to-use AI tools.
• Minimal interface, powerful tools.

Cookup AI is a database of AI tools that you can use to achieve different tasks. Designed with non-technical users in mind, Cookup AI enables users to filter through the thousands of AI tools available and find exactly what they are looking for instead of navigating from site to site.

Among the collection of AI tools by Cookup AI is an AI business plan generator. Cookup AI business plan software is designed with a minimal interface allowing users to generate comprehensive business plans that outline their business goals, strategies, and objectives.

Remember to provide enough context and information about your business in a descriptive way to enable the  Cookup AI business plan generator to get the details of your business plan right. 

Using Cookup AI, your business can save a lot of time and effort as it is straightforward. However, you should work closely with your team members to ensure the business plan accurately reflects your business visions and goals.

Collaborative Business Plan Development.

Free plan Paid plan: From 8$ / month

• Cloud-based collaborative documents.
• Real-time collaboration, editing, sharing.
• Embeds multimedia in business plans.
• Free and premium template options.

Bit AI is a cloud-based collaboration platform that allows multiple teams within organizations spread around the globe to collaborate and organize and manage documents all in one place . Some of the documents that you can manage include wikis, knowledge bases, projects, client deliverables, technical docs, training guides, and client portals.

Using a set of prebuilt templates , you can also use Bit AI to create a modern business plan for your new business venture. Apart from access to high-quality business plan templates, using Bit AI  allows you to collaborate in real-time, create responsive and private documents, interlink business plan documents, and track engagements on the document.

Using Bit AI, you can also make your business plan more engaging by embedding web links, lucid charts, draw.io, Figma, Youtube, Vimeo, Airtable, Google Sheets, and more.

Bit AI has a free business plan template to get you started. You can also access over 65 smart slide templates to help you with your design.

AI platform designed specifically for business plans.

No Free plan available Paid plan: From 20$ / month

• Collection of tools for business plans
• Pro plan review & guidance available.
• Quick start for many business categories.
• AI LivePlan assistant.

LivePlan is a business planning software with a set of different features to help you set up your business and tools to support you every step of the way. LivePlan is an automated business plan creation software that works for any type of business at any stage. 

LivePlan breaks the business plan-building process into simple steps that are easy to follow. Its templates also conform to the usual business plan structure but can be customized as you deem fit. 

LivePlan is an excellent AI business planner due to its large collection of templates and customizability. Remember to take advantage of its financial forecasting and performance tracking features.

The leading AI-based chatbot.

Free plan Paid plan: 20$ / month

• Communicates in human-like language.
• Summarizes intricate subjects.
• Useful for composing, researching, inventing.
• Integrated with Microsoft Bing.

ChatGPT is a revolutionary chatbot powered by machine learning and natural language processing that can replicate human-like conversations. But can ChatGPT write a business plan? 

The short answer is yes, ChatGPT writes a business plan. Although ChatGPT is not specifically designed as an AI business plan software, through a series of prompts with information about your business, it is a great tool for brainstorming, researching, and creating a business plan draft . 

While ChatGPT can generate huge amounts of text, it is wrong to expect it to generate the whole business plan immediately. To use ChatgGPT effectively when generating your business plan, you should understand the various parts of your business plan. Once you understand these sections, you can ask ChatGPT to draft content and guidelines for each section.

Alternatively, you can ask ChatGPT to generate an outline for your business plan. Based on this outline, you can instruct it to draft each part based on your provided information. More on this later.

Brixx Planning Software

Financial forecasting and planning.

Free plan Paid plan: From 13$ / month

• In-depth financial forecasting.
• Suitable for various business sizes.
• Real-time collaboration and scenario testing.
• Combine with ChatGPT for best results.

Brixx software is a f inancial forecast software for cash flow, budgeting, and business planning. 

Apart from that, Brixx is also a business planning software that businesses can use to create a formal business plan that outlines the goals and objectives of their business and a roadmap to achieve them. If you’re curious about AI financial planning for business plans, then Brixx AI business planner might just be the tool you need. 

With Brixx, entrepreneurs can communicate their business goals to stakeholders or share funding requirements with potential investors. If you already have a business running, you can use Brixx to monitor and forecast your business’s financial well-being to ensure it remains on track.

Finally, Brixx software can be integrated with AI tools like ChatGPT to create powerful AI business plan software. You can create a more comprehensive and accurate business plan using this combination.

How to write a business plan with ChatGPT: tips and prompts

Related Article

70+ creative chatgpt prompts to innovate your marketing plan.

• 22 AI Websites for Productivity, Creativity, and Fun

To begin with,  you need to generate an outline for your business plan. ChatGPT can help generate one by running a simple prompt with context about your business.  

1. Generating a business plan outline

Prompt : Generate a business plan outline for a  business selling “X services/products” to other small and medium businesses. 

Using this prompt, we have generated a well-structured business plan outline. The outline contains some of the most important topics you should address in your such as the following:

• Executive Summary
• Company Description
• Market Analysis
• Services and Pricing
• Sales and Marketing Strategy
• Operations and Management
•  Financial Plan

With ChatGPT, you can now generate a draft of each section above. Be keen to provide content in each section to allow ChatGPT to generate content with more precision.

2. Generating executive summary

Prompt : Create a brief overview of the executive summary of “Business X“ and its mission statement.

Other prompts you can use include:

• Discuss the target market and how “business X“ plans to meet their needs.
• Highlight the company’s unique selling proposition (USP) and competitive advantage in the “ X industry”.

3. Performing a market analysis

Prompt :  Write and market research section for my “x” business plan. Please identify the “X” services’ target market. Remember to identify any market trends or changes that may affect the demand for “X” services and estimate the market size and growth potential for the “X” industry.

4. Competition analysis

Prompt: Generate a competition analysis for my business that offer “X” services. Identify competitor strengths and weaknesses.

5. Generating a sales and marketing strategy

Prompt: Generate a sales and marketing strategy for my “X  business”. Include sales tactics, strategies for closing deals, and customer retention strategies.

6. Operations and management

Prompt : Discuss the details of operations for my business plan, such as “X” infrastructure and technology to use, service level agreements, and customer support policies and procedures.

7. Generating a financial plan

Prompt: Generate revenue and sales forecasts, cost structure, and expense projections. Include a break-even analysis and profitability forecasts, funding requirements, and potential funding sources.

8. Conclusion

Prompt: Generate a conclusion to recap the business plan and a call to action for potential investors and customers.

In the section above, we discussed some ChatGPT prompts you can use to brainstorm or generate a draft of a business plan. While most of the outputs sound convincingly accurate and well structured, cross-check every detail and customize the plan accordingly.

ChatGPT is a great tool for business owners and individuals researching and drafting a business outline.  Here are some tips to help you get the most out of ChatGPT when generating your business outline: 

• Be as descriptive as possible when describing your business ideas and goals to help ChatGPT understand your business better. 
• Use keywords relevant to your business to help ChatGPT understand the content of your business.
• Provide detailed information about your competition, products and services, financial projects, and target marketing. Feeding ChatGPT with generic prompts will only generate generalized suggestions that may not be actionable.
• Use ChatGPT as a tool: While ChatGPT is a valuable tool for researching new ideas, it should never be a replacement for human ideas and intuition. Always rely on human expertise and experience when making key decisions. 
• Review, and fact-check :  ChatGPT, and other similar tools are prone to “hallucinations”.  Solely relying on these tools can potentially mislead you. 
• Use up-to-date data sources: Remember that ChatGPT relies on the knowledge it was fed during training. Some of this information could be outdated at the time of writing. It is important to check whether the data and statistics used by ChatGPT are still relevant. 

Most businesses use a business plan to outline the company’s strategies, objectives, and goals. Others use it as a proposal to attract investors on board, identify opportunities, and plan resources. Regardless of your motivation, the quality of your business plan will always impact the results.

In this section, we explore how you can always ensure that your AI-generated business plan effectively communicates your business’s vision. Make sure to also check out these 5 profitable business ideas to capitalize on the AI hype.

1. Edit and review the business plan

While AI business plan generators can save you lots of resources in terms of time and cost, they are also prone to inaccuracies. A thorough review of the plan you have generated allows you to ensure that the business plan you have generated aligns with your business strategy. Through a review, you can also evaluate whether the AI-generated business plan addresses key issues such as market analysis, competition, and financial projections.

2. Make sure it is actionable

A business plan that only gives an overview of the company’s goals, objectives, and financial and market standpoints is not good enough. A better business plan also highlights small, measurable, achievable, realistic, and time-bound ( SMART ) goals with a clear roadmap on how your business can achieve them.

Image source

3. Ensure only credible data sources are used

The accuracy, quality, and credibility of the data sources you use when putting together your business plan directly affect the quality and reliability of your business plan. With the advancement of AI in market research , it has become easier than ever to analyze huge amounts of data. However, it is important that you check whether the sources are credible.

4. Seek expert advice

The advent of AI-powered generative tools has made it easy to create almost anything. However, this does not overrule the importance of seeking the services of an expert. An expert in your business domain can help you discover some mistakes in your business plan that may not be apparent to you. 

5. Make sure it is clear and readable

Just like any other document, a business plan has an audience. Using technical jargon to impress your audience may not be effective in all cases. Therefore is important that you evaluate your AI-generated business plan and ensure that it is written in plain simple language . You may also want to include graphs and visual aids to boost understanding of content and convey important messages.

6. Customize your AI-generated business plan

AI-generated business plans form a good starting point when drafting your business plan. However, AI business plan generators should in no way be a substitute for your intuition and judgment. Every business has unique challenges and needs, it is important that you adapt any AI-generated business plan to fit your needs before using it.

Related Articles

• New Website Planning: The Absolute Necessary Steps, Tools, and Ideas
• 5 Must-Try AI Logo Generators to Get Your Logo Designed in Minutes
• How to Create a Website for Your Small Business Fast With AI?

AI business plan generators and other AI tools have undoubtedly made it easy for entrepreneurs to bootstrap a business quickly and efficiently. After creating a business plan, it is also important that you establish an online presence through a website. AI website builders such as 10Web AI Website Builder can help you with this.  10Web AI Website Builder leverages AI to automatically generate a website with unique content and images tailored to your business needs. All you have to do is answer questions about your company, such as the company name, type, description, and services you provide. A website allows you to create an audience, and establish credibility while also displaying your products and services. 

Get a head start on website creation with AI

Create a custom website tailored to your business needs 10X faster with 10Web AI Website Builder!

How much of the business planning can I trust to AI?

How much should I know about my business idea to start planning it?

How to make a quick website for my new business?

34 AI Marketing Tools to Scale Your Business in 2024

AI marketing tools are essential for enhancing marketing and business operations. With many options available, choosing the right one can be challenging. This article highlights 34 AI marketing tools for 2024, including general marketing, content creation, SEO, sales and PR outreach, email marketing, social and influencer marketing, advertising, and video generation. Best AI marketing tools summary table General Marketing Content Creation…

22 Revolutionary AI Websites You Need to Try in 2024

In this article, we’ve compiled a list of 22 groundbreaking AI websites for 2024, each designed to elevate efficiency, revolutionize how we approach tasks and improve the quality of our daily routines. Best AI websites summary table   Work & Business Productivity & AI Assistants Art, Music, & Graphics Fun AI websites ChatGPT Landbot MidJourney Replika 10Web MightyGPT DALL-E Talk…

17 AI Tools for Ecommerce to Grow Your Business in 2024

In the fiercely competitive world of ecommerce, staying ahead of the curve is paramount. As the online landscape continues to evolve, the adoption of AI tools for ecommerce can be a game-changer for many online store owners.  Why is it crucial? These tools empower businesses to decipher customer behavior, personalize experiences, streamline operations, and bolster security, among other benefits.  In…

As technology evolves, businesses have had to rely heavily on technology to elevate their marketing efforts and set themselves apart from the competition. In the recent past, one technology, in particular, has been in nearly every discussion and news headline since its launch in late 2022: ChatGPT.  ChatGPT is a revolutionary chatbot powered by machine learning and natural language processing…

AI for Small Businesses: 19 Ways to Scale Up Using Artificial Intelligence

 No doubt, the application of Artificial Intelligence (AI) in different industries has been exponential in the last two decades. From software development to marketing to content creation, the potential of Artificial Intelligence is rapidly unfolding. Similarly, AI for small businesses surfaced on the scene. In contrast to conventional methods, AI-powered technology can analyze large amounts of data and churn…

AI in SEO: How Does AI Affect SEO and How to Catch Up With It?

 From the time of Google’s updates to its search algorithm for developing a more user-centric ranking system, the involvement of Artificial Intelligence in the Search Engine Optimization (SEO) space has been on the rise. Before AI, Google primarily considered the occurrence of specific keywords to rank content. The more keywords on your page, the higher the rank on Search…

Top 15 AI Voice Generators of 2024 [+ Free Tool Inside]

10 shocking chatgpt plugins in 2023, 8 most accurate and reliable ai content detectors in 2023, leave a comment cancel reply.

Your email address will not be published. Required fields are marked *

Your email address will never be published or shared. Required fields are marked *

Email address *

Save my name, email, and website in this browser for the next time I comment.

This is a great article, it helped me to understand how to use AI and what is the human rol when doing it. Thank you.

I’m trying to create a business plan to attract investment for a food truck company, please what free AI software do you think is best for me?

Hi Moyin, most of the tools listed in the article have a free plan available. So what I would suggest is trying 3-4 of them to see which one meets your specific needs the best.

I am starting a small wellness and health business from scratch needed help to create a plan to present to apply for a grant the computer said my email is already linked to ai but I cant log in

Hi Michiel, what tool are you trying to use?

• [email protected]
• [email protected]
• Venture Planner Limited
• New Garden Street,
• Stafford, ST17 4AG,
• Consultants

Users This Month

The Future of Business Planning

Venture Planner uses cutting-edge technology to generate professional business plans effortlessly. The platform, equipped with an advanced AI interface, guides you through a sequence of multiple-choice questions before generating everything you need, including detailed financial forecasts.

• Fully Bespoke to Your Business
• Professional Forecasting

No Typing Required

Join the revolution.

Since launching in Dec 2023.

Used in every sector and industry.

Helping businesses worldwide.

Outpace Your Rivals with Cutting-Edge AI

Harness the power of Venture Planner to create a winning plan and gain a competitive advantage over your competitors.

Answer The Questions

Here's the ingenious bit, the platform doesn't require you type anything. Instead, the AI will pose a series of questions, gathering information on your vision, goals and ambitions.

Generate Your Plan

Our sophisticated AI then analyses your inputs and generates tailored suggestions and strategies for you to consider. Finally each section of your plan is generated according to your specific requirements.

Next-Gen Business Planning

There is no need for typing and minimal data entry, just answer the questions, we do the rest.

Automated Projections

Quickly create precise and realistic financial forecasts without any financial expertise.

Professional Quality

Created by business leaders and financial advisors our plans are the highest quality available.

Strategy Suggestions

Our AI provides multiple strategies to increase business growth and success.

Powerful AI Engine

Leverage the power of the worlds most advanced AI to supercharge your business plans and growth.

Get the AI Advantage & Overtake your Competitors

Winning strategy.

Craft business strategies that position you ahead of the curve.

By leveraging data-driven insights, you can make informed decisions that propel your business to new heights, ensuring a competitive edge in your industry.

Improved Marketing

Enhance your marketing with AI that understands your audience.

Our system helps you create a marketing plan that will resonate with your target demographic. With our AI, you can ensure that your marketing message hits the mark every time.

Accurate Financials

Trust in AI to deliver precise financial forecasts and budgeting.

Plan investments, manage cash flow, and predict revenue with confidence, securing your business's financial future.

Better Branding

Plan a brand that connects and endures.

Enhance your brand's presence and loyalty with a unique identity that speaks directly to your audience's needs and aspirations.

Reduced Risk

Identify potential pitfalls before they occur.

From market shifts to operational challenges, our AI tools provide you with the foresight to navigate obstacles and secure your business's continuity.

Achieve Objectives

Identify and manage short and long term objectives.

Be clear about your goals and put in place an action plan to achieve them.

Forecasting

Revenue projection, cash flow forecast, profit & loss, balance sheet.

We make it easy to create revenue projections, so you can make informed decisions based on accurate figures.

• Easy input of sales drivers and growth assumptions with user-friendly interfaces
• Create multiple what-if scenarios to understand potential outcomes.
• Generate detailed reports that can be used for investor presentations or internal strategy meetings.

Automated cash flow forecasting provides the insights needed to manage liquidity, plan for the future, and avoid potential cash shortages.

• Automatically calculates cash inflows and outflows, reducing the risk of human error.
• Generate graphical representations of cash flow data for easier interpretation and analysis.
• Categorise and track expenses automatically for comprehensive expense management.
• Match revenues with corresponding expenses for accurate profitability analysis.
• View key performance indicators such as gross margin and net profit margins.

Get a clear view of the businesses financial health by accurately representing assets, liabilities, and equity.

• Calculate key financial ratios such as debt-to-equity and current ratio for financial analysis.
• Track depreciation and amortization schedules for accurate asset valuation.
• Monitor short-term and long-term liabilities to ensure accurate reporting.
• Keep track of equity changes from retained earnings and capital injections.

Subscriptions

We offer two options, each provide full access to all features. The choice is simply a matter of how many plans you wish to create.

• Business Subscription For entrepreneurs and others looking to create a single professional business plan.
• Consultant Subscription For business plan writers and consultants who need to create multiple business plans.

Limited Time Offer

The Best AI Business Plan Generator

Written by Dave Lavinsky

I’m excited to share with you my article below on the best AI business plan generator because this innovative new technology allows you to quickly and easily create a comprehensive business plan.

AI business plan generators allow you to more quickly and easily create a business plan to start and/or grow your company, but unfortunately, not all are created equally. Most will not help you create a compelling business plan, because they are not programmed properly. And most don’t include full financial projections, which are critical for raising funding.

Fortunately, PlanPros.ai is the exception. PlanPros was built by one of Growthink’s founders and leverages our experience writing thousands of business plans and helping hundreds of thousands of entrepreneurs write plans using our tools. You can test-drive PlanPros.ai for free here .

Below find more information about using AI to generate your plan.

What is an AI Business Plan Generator?

An AI business plan generator uses artificial intelligence to write a business plan.

Importantly, in order to accomplish this, the AI needs to understand:

• What key sections to include in your business plan
• What each section must convey

Unfortunately, the vast majority of business professionals and software developers don’t understand either of these.

Fortunately, we do. Why? Because we’ve been writing professional business plans and helping entrepreneurs, executives and business owners write plans for the past 25 years. And our detailed business plans have been viewed by tens of thousands of lenders, angel investors , venture capitalists and other funding sources. Importantly, we’ve collected feedback from these individuals to fully understand what should and what shouldn’t be included in your AI-generated business plan.

So, what should be included in your plan?

The business plan template below documents each section to include.

Key Sections Your Business Plan Must Include

Executive summary.

The executive summary of your formal business plan should give the reader an overview of your business concept and summarize each of the key sections of your plan.

You should start by concisely explaining your business idea and your business strategy .

If you have a compelling mission statement, include that here. Likewise, if your company name tells an interesting story, document that right away.

Particularly if the goal of your plan is to attract investors, you want to pull readers in so they become quickly excited about your venture. Clearly document your business ideas and business goals. And importantly, discuss the key problems that your business solves in the executive summary.

Company Overview

Here you will include a detailed company description. Document the history of your company. When was it formed? What type of entity are you (e.g., LLC vs. S Corp vs. C Corp, etc.). What accomplishments have you achieved to date?

Industry Analysis

The industry or market analysis section of your business plan shows readers that you really understand the market in which you’re competing.

Be sure to conduct market research from reputable sources that validate your business idea, business model and market opportunity. Make sure that industry trends support the viability of your venture.

Don’t skim on your market analysis, because fully understanding your industry is key to your success.

Customer Analysis

In this section, discuss your target market. Your target market description should detail the key types of customers you currently, or soon will, serve and the market size.

The more you can detail your target audience, the better and more cost-effectively you will be able to target them with your marketing.

Competitive Analysis

In the competitive analysis section of your business plan, you must identify your key competitors and discuss their strengths and weaknesses. Importantly, identify and document your competitive advantage. That is, how are you different from your competitors and why are you poised for long-term success based on these differences?

Marketing Plan

In this section you will detail the marketing strategies you will employ to attract and retain customers. Your marketing strategy should include the 4 P’s.

• Products and services : what products and services will you offer?
• Promotions : what promotional tactics or marketing tools will you use to attract customers?
• Price : how will you price your products and services? Will you be a low cost provider? A premium provider?
• Place : where will you be located and/or how can customers buy from you?

Operations Plan

In the operations part of your business plan, you will discuss the key operational processes your business must perform in order to succeed. Also, detail your growth strategy and milestones here. For example, in what month will you launch? When will you reach $X in sales? When will you hire your Xth employee?

Management Team

The management team section documents the key members of your team and key details explaining why your team is qualified to execute on the opportunity you have laid out.

Financial Plan

In this section, you will present your financial projections. These take the form of a projected or pro forma income statement , balance sheet and cash flow statement.

Your financial plan should detail your business goals from a financial forecasting perspective and show how you will achieve them.

Key to Successful AI Business Plan Generators

As discussed above, artificial intelligence is a great new technology to help businesses generate comprehensive business plans. Unlike traditional software platforms, AI tools allow you to work much faster and efficiently. For example, traditional business plan software cuts down the time to create your comprehensive plan from 100 hours to as little as 10 hours. But, now, AI business plan generators can help you complete your plan in just a few clicks saving you time.

But remember, while an AI tool can be used to create AI-generated business plans, or even a just a one page business plan, if the developer of the AI business plan generator tool isn’t intimately familiar with business knowledge, business planning and the needs of potential investors and lenders, you won’t generate the plan you need.

You are better off using paid business plan templates and/or a free business plan template developed by an expert, than using AI powered tools from someone or some firm without this expertise.

In summary, AI tools such as PlanPros.ai , with its user-friendly interface, can help you quickly and efficiently develop an AI business plan that helps you succeed. Such business plan generators allow you to focus on building your business more than performing the planning functions of writing and developing financial models.

Today’s modern business plan is similar to traditional plans, but fortunately you can now have a generated business plan that’s compelling and can help you raise funding and grow your company.

And, best of all, such software is just as effective for non technical users as it is for AI business experts.

When writing your business plan, and considering using business plan generators, consider the type of business you will be launching. For a traditional business business plan, such as one for a food truck, restaurant, clothing line or manufacturing company, AI tools are better suited than for new business types that AI tools are less versed in.

Regardless of your business type, make sure you intimately understand your target market. Your target audience is who will benefit from and will purchase your products and services. If your target market doesn’t resonate with your offerings, you can’t succeed. So, make sure, when developing your business plan, that you create the right product/market fit with your target market and include all the other key business plan elements discussed above.

Other Helpful Business Plan Articles & Templates

• Search Search Please fill out this field.

Benefits of Using AI in Business Planning

Ai tools and platforms for writing business plans.

• AI in Business Planning
• Ethical Considerations
• Future Trends

The Bottom Line

How to use ai in business planning.

AI can boost efficiency and accuracy in inventory planning, logistics, data analysis, forecasting, writing business plans, and more

Artificial intelligence (AI) can be used across many aspects of business planning, improving the accuracy and efficiency of processes like inventory planning, logistics, financial and sales analysis and forecasting, and project management. Entrepreneurs looking to launch a new business can also use AI to their advantage in writing a business plan.

However, the specific roles and applications of AI in business planning can vary depending on the nature and requirements of the business or industry.

Key Takeaways

• AI can significantly improve the accuracy and efficiency of data analysis for business planning and help identify new sales and business growth opportunities.
• Incorporating AI in business planning can improve forecasting by offering predictive capabilities.
• Automation of repetitive tasks and processes, such as pulling data for analysis, is another benefit of using AI in business planning.
• Ethical considerations such as potential biases in AI algorithms, as well as technical limitations with AI algorithms, must be addressed in any AI-driven business planning.

Business leaders looking to use artificial intelligence for business planning can benefit from the insights and efficiencies it provides . Here are some of the ways in which businesses can use AI for different business planning applications.

Improved Accuracy and Efficiency of Data Analysis

As many machine learning algorithms are designed to recognize patterns and process a large quantity of data in relatively little time, they can spot trends and offer insights that might not otherwise be evident. This can help in analyzing and deriving insights from large volumes of customer, order, financial, or other business-related information.

Enhanced Forecasting and Predictive Capabilities

Also referred to as predictive analytics , the ability of AI to make inferences about future outcomes using existing data can be a huge asset across many different business areas. For example, the food service company Sysco uses AI for inventory management as well as warehouse and delivery logistics planning. Another impactful business application for predictive AI models is financial and inventory planning.

Automation of Repetitive Tasks and Processes

Any business planning workflow that currently includes a manual, rote, or repetitive task might be a good candidate for automation using AI. Examples might include pulling data into a spreadsheet for analysis, generating or formatting data, processing documents or information, or requesting approvals.

Identification of New Business Opportunities

AI can help identify new growth strategies and opportunities in marketing and sales. Using AI-enabled customer relationship management (CRM) software can offer insights on lead generation, upsell or cross-sell opportunities, and customer service strategies. It can also provide businesses with the data to better personalize their offerings and target different segments of their customer base.

Many generative AI tools and software platforms are available to assist entrepreneurs with the task of writing a business plan. Here is a list of popular AI-based business plan generators.

Although not a dedicated business plan generator, ChatGPT is one of the most well-known and accessible generative AI tools. Users can prompt ChatGPT to quickly generate ideas, draft outlines or sections, and edit or make text suggestions.

However, any information that ChatGPT provides on things like market research may not be up to date or reliable. Any data and references should be double-checked to ensure both factual and contextual accuracy, and the writing should be reviewed to ensure it aligns with the writer’s desired tone of voice.

Although a free version is available, a paid subscription to ChatGPT Plus costs $20 per month.

Notion is an AI-enabled workspace and project management tool. Although it can be used for more than just generating a business plan, Notion offers both free and paid AI-supported business plan templates.

As an AI-powered productivity tool, Notion can help users quickly generate text as well as automate workflows and tasks. This makes it a useful option for those who wish to use it for individual and team project execution as well as planning.

However, for those who simply wish to generate a business plan, the platform may present a bit of a learning curve and require an investment of time to understand how to use it properly.

Notion has a free plan, but its paid plans start at $8 per month.

ProAI is an AI platform specifically tailored to business planning, research, and strategy solutions. It has dedicated tools for generating business plans, financial models, and pitch decks, as well as an AI business advisor that users can consult. It can also guide users in raising capital, including suggesting investors, funding amounts, and approaches.

Users input their business information and goals and link their social media, analytics, accounting software, and other data to the program, and it learns and adapts accordingly. As such, ProAI is a good tool for those looking for accuracy and assistance with financial projections.

However, compared to other tools, ProAI can take considerable time to generate a business plan (up to several days, depending on the depth and level of customization required). There are also potential privacy concerns associated with the sensitivity of data being shared.

ProAI is one of the more expensive AI business plan generators on the market, with plans starting at $199 per month.

Simplified is another workflow and productivity tool, with a suite of AI-powered programs to help users create all kinds of content, manage social media channels, and more. Their AI writing tool can offer suggestions and includes templates for specific types of business plans, from food trucks to real estate services.

Simplified’s business plan generator is geared toward solo entrepreneurs, small businesses, and startups. As it is easy to learn how to use, it is a good option for those who don’t want to invest significant time in understanding a new software. It can also generate different types of content, integrate with other platforms, and allow multiple users to collaborate, making it a useful tool for project management and execution.

However, the tool as a whole is not specifically designed for business planning, so it can be limited in terms of data analysis and industry-specific details.

Up to 2,000 words can be generated for free; after that, paid plans start at $11 per month.

As a dedicated business planning tool, Upmetrics promises to simplify business planning with its AI-powered insights. It includes an AI assistant, a business plan builder with over 400 customizable sample plans, and a pitch deck creator. It also offers financial forecasting and templates to suit different business models.

Upmetrics can both generate and edit text, and users can adjust the tone of the content as well. It also offers users the ability to collaborate on documents, design cover pages, and drag and drop sections into the template.

Potential downsides might include privacy concerns around sharing financial and other business data, as well as relatively limited template options and customization options.

Upmetrics plans start at $7 per month.

AI can be used for business planning at many different stages, starting from when the initial vision for the business is being created. Here’s how to incorporate AI into your business planning.

• Write a business plan with an AI business plan generator . Whether you use one of the generators mentioned above or one of the many other tools available online, AI-enabled writing programs can provide anything from a draft outline to a comprehensive document to work from. Don’t rely entirely on AI for a finished product, however; it’s important to review and check your business plan for things like accuracy, tone, and flow.
• Use AI-powered automation to improve your business operations . To optimize the day-to-day operating processes of your business, pinpoint any workflows that include manual, rote, or repetitive tasks, such as note taking, data entry, or transcription. Then seek out AI automation tools to save time, make the tasks more efficient, and reduce errors.
• Analyze your business data with AI . As your business starts to generate data, whether from leads, orders, sales, customer interactions, social media, or finances, AI can be helpful in capturing and analyzing it. In turn, this data can provide crucial information for making decisions about the future of the business in terms of both offerings and growth opportunities.
• Capture insights with AI to forecast, plan, and set goals . Predictive AI models can be a huge asset in business planning, helping entrepreneurs draw conclusions about future states of business based on historical and current data. While this has obvious applications for business financials, it can also be useful for consumer trend forecasting, customer service, and logistics and inventory planning.

Ethical Considerations in AI-Driven Business Planning

As with any AI application, using AI for business planning is not without ethical concerns.

It’s important to be transparent about the use of AI to both stakeholders and customers in order to maintain relationships of trust and accountability. It’s good practice to make it clear to customers when they are interacting with AI, as with an AI chatbot or a piece of writing generated by AI, for example.

It’s also important to communicate with stakeholders, employees, and decision makers about the reasons for choosing to implement AI in the business and how it will be used, monitored, and maintained so that the appropriate policies and oversight are put in place.

Understanding and communicating how any AI model is programmed and why is also an important accountability and ethics consideration. Many AI models have been shown to reproduce patterns of bias and discriminatory behavior when it comes to gender, race, and other aspects of identity. For example, fintech software algorithms have been shown to replicate historical behaviors of discrimination against marginalized and racialized individuals because those algorithms learn from historical datasets.

Future Trends of AI in Business Planning

As AI models improve and their applications become more mainstream, expect to see AI becoming a feature in all kinds of programs, from financial software to go-to office productivity suites. This will offer both easily accessible information and automation.

Businesses will be able to create ever more personalized offerings for their customers, thanks to AI integrations in CRM software that can draw insights from large volumes of customer data.

AI tools are also changing the competitive landscape of business and entrepreneurship by making previously specialized creative and technical skills like writing, designing, and coding more accessible.

Companies that nimbly adopt and develop strategies to use AI may unlock a significant advantage, though soft skills and a human touch remain as important as ever. A 2023 survey by software company Redpoint Global found that although 73% of consumers believe there to be a positive potential for AI in customer experience, 77% of consumers believe that positive customer experiences still require human interaction.

Can I Use ChatGPT to Write a Business Plan?

Among other types of content, ChatGPT can help users quickly generate a business plan by providing ideas, drafts, outlines, or suggestions. However, it’s advisable to review and validate any information that it provides to ensure it’s up to date and accurate.

Are There Free AI Tools for Writing Business Plans?

Many free generative AI tools, like ChatGPT, can assist in writing business plans. Notion and Simplified are examples that include business plan templates for specific types of businesses.

What AI Tools Can Be Used for Business Strategy?

Upmetrics and ProAI are two dedicated business planning AI tools that can provide research, strategy, financial forecasting, and presentation templates.

AI can contribute to better efficiency in business processes, identify opportunities for growth, and provide insights by analyzing large volumes of data, making it a great asset to business planning. However, it’s worth taking a step back before implementing any AI tool in business planning to assess where and how AI can have the most impact.

Just like any other digital tool or technology, AI should be used to complement and bolster existing and future workflows, and should be implemented with an eye to both strategy and accountability.

U.S. Government Accountability Office. “ Artificial Intelligence’s Use and Rapid Growth Highlight Its Possibilities and Perils .”

Google Cloud. “ What Is Predictive Analytics? ”

Massachusetts Institute of Technology, MIT Sloan School of Management. “ Incorporating Generative AI into Your Company’s Technology Strategy .”

CO— by U.S. Chamber of Commerce. “ AI and CRM: Combining Two Powerful Technologies to Grow Your Small Business .”

OpenAI Help Center. “ What Is ChatGPT Plus? ”

Notion AI. “ Product Page .”

ProAI. “ Homepage .”

CO— by U.S. Chamber of Commerce. “ How to Use AI Tools to Write a Business Plan .”

ProAI. “ Pricing Page .”

Simplified. “ Generate a Business Plan for Small Business .”

Simplified. “ Homepage .”

Upmetrics. “ Homepage .”

TrustRadius. “ Upmetrics .”

CNBC. “ A.I. Has a Discrimination Problem. In Banking, the Consequences Can Be Severe .”

Harvard Business Review. “ Building Transparency into AI Projects .”

Massachusetts Institute of Technology, MIT Sloan School of Management. “ How Generative AI Is Changing Entrepreneurship .”

U.S. Small Business Administration. “ These Small Business Trends Look to Shape 2024 .”

Redpoint Global. “ 73% of Consumers Believe AI Can Have a Positive Impact on Their Customer Experience .”

• Terms of Service
• Editorial Policy
• Privacy Policy
• Your Privacy Choices

The 10 AI Prompts You Need to Write a Business Plan

Noah Parsons

25 min. read

Updated March 18, 2024

We’ve all been there. The ideas are swimming around in your head, but you’re stuck staring at a blank page and trying to figure out how to turn those ideas into something presentable.

I’d be lying if I said that I didn’t have that same feeling of “writer’s block” when I sit down to write – even this article didn’t start flowing right away.

The writer’s block is even more intense when writing a business plan .

Think about the stakes involved: Is the idea any good? Will the plan be compelling enough for a lender or investor to consider funding it? Even though I’ve written plenty of business plans, it’s always a challenge to figure out how to best present an idea.

This is where AI’s potential is so revolutionary.

The newest chatbots like ChatGPT, Google’s Gemini, and Anthropic’s Bard are excellent helpers, especially for business plan writing . They can take rough ideas and help transform them into cohesive plans that investors are going to want to read.

Instead of figuring out how to present your ideas, you can spend time on your business strategy, refining your marketing plan, and ensuring that your business solves a real problem that potential customers have.

In this article, I’ll share my favorite prompts to use and pitfalls to avoid when writing a business plan with AI.

These AI prompts are tested and generally work well with any chatbot. That said, there are real differences between some of the free, more basic chatbots — ChatGPT 3.5, for example — and the most modern, often paid, versions (as of February 2024) like ChatGPT 4 or Gemini Advanced. The paid versions are just better at writing and better at generating ideas.

Let’s go step-by-step through the process of using AI to help you write your business plan .

Be sure to read the warnings about over-relying on AI at the end of this article. You won’t want to make one of the most common mistakes and end up with a subpar business plan.

• Executive Summary

Don’t use this prompt until you’ve finished building out the rest of your business plan.

Your executive summary is just what it sounds like—a summary. You can’t really create a summary until you know the full details of your plan.

AI is really helpful here —it’s excellent at summarizing longer documents and creating shorter versions.

Brought to you by

Create a professional business plan

Using ai and step-by-step instructions.

Secure funding

Validate ideas

Build a strategy

Core Prompt:

Help me write a powerful Executive Summary for my business plan. My company is [company name], offering [products/services] in the [industry]. The executive summary should cover the following points:

• The Problem & Solution: Concisely describe the pain point my business addresses and my unique solution.
• Market Opportunity: Summarize the target market size, growth potential, and key customer segments.
• Business Model: Explain how we will generate revenue (pricing strategy, sales channels).
• Competitive Advantage: Highlight what sets us apart and how you’ll win in the market.
• Team: Briefly mention the key experience and skills of our management team.
• Financial Highlights: Provide a snapshot of our projections ( revenue, profit margins).

I’ve already completed the following sections of my business plan, which you can utilize for details: [complete plan content]”

Additional Prompt Elements:

• The Ask: “Include our fundraising ask. We are seeking an investment of [$] which will be used to [describe your use of funds].”
• Target Audience: “Our business plan will be presented to [describe your audience] so the tone should be [business like, casual, etc.]”

Imagine you are starting a meal delivery service business:

“Help me write a powerful Executive Summary for my business plan. My company is “Sunshine Meals,” offering healthy, pre-portioned meal delivery in the [city, state] area. The executive summary should cover the following points…”

• Clarity is King: Use simple language and avoid jargon.
• Data Wins: Quantify your potential with relevant figures.
• Tailor to your Audience: If the plan is for investors, heavily focus on market size, competitive advantage, team credentials, and financial outlook.
• Proofread Carefully: Make sure the AI draft of your executive summary matches what you say elsewhere in your plan.
• Embrace your voice: Beyond proofreading, edit and change the AI-generated words to make sure they sound like your voice and your business.
• Opportunity

The opportunity section of your business plan is where you provide an overview of the problem your business solves for your customers. It’s essentially an overview of your products and services and how your customers use them to solve their problems.

Your opportunity is the core of your business strategy and an area to spend a good portion of your time on. The most successful businesses solve a real problem for their customers, so it’s important to think carefully about the needs your customers have and how your product or service fits into their lives. 

AI will help generate a lot of ideas in this area.

Once you’ve run the prompt, sift through the ideas to find the best ones and perhaps dig deeper into the most promising ones. The better you describe the problem you are solving, the more focus you’ll have as a business owner.

It’s this kind of focus and understanding of customer problems that attracts investors and drives success.

I am starting a [business description]. Help me craft a strong “Opportunity” section for my business plan. Clearly articulate the problem I’m solving, my unique solution, and any traction achieved. I need to demonstrate why now is the right time for my business, [business name]. Describe the significant pain point or unmet need experienced by my target customers, [target customer description]. Explain how my product/service directly solves the problem, detailing its key features and benefits. How is it innovative or different from competitors?

• Describe my initial traction that I have with my customers, which includes [description of any early successes including sales figures, user growth, partnerships, positive testimonials, or awards.]
• Explain what makes this the ideal time to launch my business. Are there favorable market shifts, technological advancements, or gaps my solution is poised to fill?

Let’s say you’re developing a platform to connect freelance writers with businesses:

“I am starting a business that provides an online platform that connects freelance writers with businesses. Help me craft a strong “Opportunity” section for my business plan. Clearly articulate the problem I’m solving, my unique solution, and any traction achieved. I need to demonstrate why now is the right time for my business, The Written Word. Describe the significant pain point or unmet need experienced by my target customers, small business owners who need blog content, product descriptions, and marketing materials. Explain how my product/service directly solves the problem, detailing its key features and benefits. How is it innovative or different from competitors?”

• Storytelling: If you can, try and infuse this section with a brief story illustrating the problem’s impact on potential customers and how your product or service helps solve their problem.
• Simplicity: Keep things simple – don’t go overboard with too much detail about your solution. If your plan is too long, people won’t read it.
• Data: If you have data that backs up your problem description, be sure to include it. Don’t rely on AI to get that data, though—it likely won’t be accurate or sourced correctly.
• Make it Yours: AI might come up with some interesting ideas for describing the problem you solve. You need to filter and edit to ensure that the content accurately reflects your business.
• Market Analysis

This section of your business plan describes the market you are selling to.

Typically, the market analysis explains how many potential customers you have and a detailed description of your target customer. It’s important to stress that AI chatbots (as of March 2024) aren’t very good at this task.

The data they provide is often wrong.

You’re much better off doing your own research and finding reputable data sources instead of relying on AI. We are providing a prompt here, but be very careful to double-check any data that the AI provides.

You’ll typically find that AI will generate a lot of target market ideas .

Similar to the “Opportunity” section of your plan, it’s important to narrow down your target market to a few specific ones to start. The best strategies are usually very focused, so pick one or two core target markets to get started.

As Michael Porter, the famous Harvard Business School professor, once said, “The essence of strategy is choosing what not to do.”

Help me write a comprehensive market analysis for my business plan. My business is [business name], and we offer [products/services] within the [industry] sector. Cover the following key areas:

• Market Size & Growth: Quantify the current market size in terms of value or volume. Identify and discuss trends influencing market growth (or decline).
• Target Customers: Create detailed customer profiles of my ideal segments (demographics, psychographics, needs, buying behaviors).
• Market Segmentation: “Break down the market into smaller segments – are there lucrative niches to target?”
• Data Sources: “Suggest reliable sources for industry reports, market statistics, and competitor insights.”

Let’s say you’re opening a plant-based meal delivery service:

“Help me write a comprehensive market analysis for my business plan. My business is ‘Nourish’, and we offer healthy plant-based meal delivery within the prepared food industry. Cover the following key areas…”

• Be Specific : Avoid overly general target markets. Successful businesses target very specific customers initially.
• Visuals Aid Understanding: Use charts or graphs to visualize market data or segmentation.
• Support Your Claims: AI often does not give you reputable sources or will even make them up. The output may look impressive and accurate, but you must double-check everything and cite reputable sources for all your market data.
• Competitive Analysis

Like the market analysis section, be careful using AI for the competitive analysis section. It may invent potential competitors or miss out on key competitors that you know exist.

You can use AI to get the overall structure of this section, but you might be better off writing your own competitive analysis.

When you think about competitors, remember to not only think about direct competitors, but also indirect competitors. Indirect competitors are alternate solutions to a customer’s problem, while direct competitors are companies that offer a similar service or product as you do.

For example, a gym might compete against other gyms (direct competitors), but it also competes against running trails and people doing exercise at home (indirect competitors). 

A strong understanding of your competitors is important for developing your strategy. So, it will be worth looking beyond what AI generates for you and doing some of your own research.

Help me craft a strong “Competition” section for my business plan. My business is [business name], offering [product/service] in the [industry] sector. Cover the following key areas:

• Competitor Analysis: Identify my top 3-5 direct competitors and analyze their strengths, weaknesses, pricing, marketing strategies, and target customer overlap.
• Indirect Competition: List companies offering alternative solutions or partially addressing the same customer need.
• Competitive Advantage: Clearly articulate how my product/service is unique, better, or fills unmet needs compared to the competition.
• Barriers to Entry: Outline challenges new competitors would face (high startup costs, patents, customer loyalty to existing brands, etc.).
• Opportunities & Threats:
• Identify potential weaknesses in competitor offerings that I can capitalize on.
• Predict any competitive shifts that could threaten my business (emerging technologies, consolidation, etc.).
• SWOT Focus: “Summarize my competitive analysis in a SWOT framework specifically tailored to my business compared to the competition.”
• Future Outlook: “Analyze how the competitive landscape might evolve and how my business is positioned to adapt.”
• Customer Perspective: “Assess the competition through the eyes of my target customer – What influences their purchasing decisions?”

Let’s say you’re launching a sustainable clothing brand:

“Help me craft a strong “Competition” section for my business plan. My business is ‘ConsciousThreads,’ offering ethically sourced, sustainable clothing in the fashion industry. Cover the following key areas…”

• Be Honest: Don’t underestimate your competition; acknowledge their strengths.
• Differentiation is Key: Emphasize what truly sets you apart and makes you a compelling choice.
• Stay Up-to-Date: Monitor competitor activity even after your plan is written.
• Research your competitors: AI has been known to invent competitors, so don’t just take AI suggestions as truth. Look them up online, find their websites, and take time to get to know them through their online presence.
• Marketing and Sales

Use the marketing and sales section to describe the marketing tactics you’ll use to reach your target customers and what your sales process looks like.

AI shines for this type of task and will help you brainstorm marketing strategies and quickly generate a lot of ideas.

That can be a huge help to expand your thinking about your sales and marketing strategy. But, similar to other areas of your plan, you’ll need to narrow things down and get specific.

Your job will be to focus and pick the marketing and sales tactics that you think will work best for your business and your customers. Think about starting with one or two core ideas and then list ideas that you may explore in the future.

Because most new businesses don’t have endless budgets or people, a narrow marketing focus is a more realistic approach.

Help me develop a detailed “Marketing and Sales” plan for my business, [business name].  My target customers are [describe ideal customer profile] within the [industry]. Outline the following aspects:

• Market Positioning: Define how I will position my brand and offerings within the marketplace. I want to be perceived as [luxury, budget, etc.]
• Marketing Channels: Where does my target audience spend their time? List potential online and offline channels to reach them (website, social media, content marketing, trade shows, etc.).
• Sales Process: Outline the steps from lead generation to closing a sale. I will use a [direct sales team, online store, distributors, or a combination]. Describe the customer’s sales journey.
• Pricing Strategy: Explain my pricing model [premium, competitive, etc.] and the rationale behind it. Consider costs, market comparisons, and perceived value.
• Budget: “My preliminary marketing budget is [$]. Suggest marketing channels and marketing tactics that align with this budget”
• Metrics: “Identify key metrics to track the effectiveness of my marketing and sales efforts.”

Let’s say you have an online course business teaching creative writing:

“Help me develop a detailed “Marketing and Sales” plan for my business, ‘The Write Path’.  My target customers are aspiring writers seeking to improve their craft within the online education space. Outline the following aspects:…”

• Specificity Wins: Detail your channel strategies – don’t just list social media, outline the specific platforms and content types you’ll leverage.
• Test & Adapt: This section should be a living document that evolves as you gather real-world data.
• Actionable Plan: Include timelines and who’s responsible for executing different strategies.

Be Selective: Don’t just cut and paste all AI suggestions. You have a better sense of what will work for your market, so pick and choose what make sense for your business.

The operations section of your business plan goes over your basic business logistics, such as your location and facilities, the technology you are using, and any other operational specifics important to communicate in your business plan. 

You’ll need to customize this prompt quite a bit for it to work for your business as AI can’t guess at your location, the technology you’re using, or who your suppliers are. For each of the bulleted sections below, customize the content for your business before using the prompt.

Help me write an “Operations” section for my business plan. My business is [business name], offering [products/services] in the [industry] sector. Cover the following key areas:

• Location & Facilities: Describe my business location (physical/virtual/hybrid). Detail any specialized facility needs (manufacturing space, storefront, etc.).
• Technology & Equipment: Outline essential software, hardware, tools, and specialized equipment required. Specify any technology unique to my industry.
• Production/Workflow: Map out the process for creating my product or delivering my service. Identify potential bottlenecks for optimization.
• Suppliers & Inventory: If applicable, describe my sourcing strategy and relationships with key suppliers. Explain any inventory management systems in place.
• Regulatory/Legal: List any critical permits, licenses, or regulations that impact my operations.

Let’s imagine you’re starting a small-batch skincare company:

“Help me write an “Operations” section for my business plan. My business is ‘Radiant’, offering handcrafted skincare products in the beauty industry. Cover the following key areas:

Location: Our business offices are located in Brooklyn, NY and we have contracted with a third-party-logistics provider for packing and shipping in St. Louis.

Technology: We are using a Shopify store to sell online.

Research and Development: We work with an R&D that specializes in skincare and cosmetics in the Boston area.

Production: Our products are produced by a skincare producer located in the Philippines.

Regulatory: Because our products are organic, we need to be certified as an organic producer and have regular inspections of our production and ingredients”

• Be Realistic: Acknowledge any operational challenges or constraints
• Focus on Efficiency: Highlight processes designed to save time or minimize costs.
• Connect to Financials: Ensure operational choices align with your budget and projections. Remember, AI tools won’t be able to help much since they do not address financials and projections very well.
• Milestones & Metrics

Milestones are important dates for your business—essentially a roadmap for how you plan to build your business. You’ll focus just on key milestones, not every task that you need to complete. You’ll also want to review the key metrics that you will monitor to ensure that your business is successful.

AI can be helpful and give you some ideas for key milestones, but you’ll need to customize this section to match your business, your schedule, and your own timeline.

Milestones are all about goals and accountability.

It doesn’t matter how great your idea is if you can’t execute and make it happen. Milestones are all about coming up with a plan to turn your idea into reality, so spend a little time here thinking about a realistic timeline and plan.

Core Prompt

Help me craft a strong “Milestones and Metrics” section for my business plan. My business is [business name], offering [product/service] in the [industry]. Break it down as follows:

Key Milestones : Outline 5-8 of my most significant goals over the next 1-3 years. These should be specific: Avoid vague goals; state precisely what needs to happen. Time-Bound: Include a target date for completion. Relevant: Goals should directly support business growth and vision. Examples: Secure funding, launch product, reach a revenue target, open a new location, etc.

Key Performance Indicators (KPIs): List 5-8 metrics that will best measure the progress towards those milestones and my overall business health. Consider the following categories: Financial: Sales revenue, gross profit margin, customer acquisition cost (CAC), etc. Customer-Related: Net promoter score (NPS), customer retention, website traffic, etc. Operational: Production efficiency, order fulfillment time, etc. Explain why each KPI is important and how I plan to track them.

Let’s say you’re launching a subscription box service:

“Help me craft a strong “Milestones and Metrics” section for my business plan. My business is ‘Curated Delights,’ offering monthly themed subscription boxes in the lifestyle niche. Break it down as follows…”

• SMART Goals: Make sure milestones adhere to the SMART framework (Specific, Measurable, Achievable, Realistic, Time-bound).
• Regular Review: Use this section as a tool; revisit and adjust milestones and KPIs as needed.

Pitfalls: 

• Customize: This prompt will generate ideas for milestones and metrics, but you’ll need to customize them for your business to get the best results.
• Company Overview

Similar to previous sections, AI can help provide you with writing ideas and structure for the company overview section of your plan. It can’t describe your specific situation unless you provide it with the details.

You’ll need to know who the company owners are, what share of the company they each own, and what the legal structure is.

This section is less about strategy and more about just providing the facts. Use AI as a helpful copywriter here to turn your notes into polished text.

Help me write a “Company Overview” for my business plan. My company, [company name], operates within the [industry] sector. Cover the following essential details:

• Legal Structure: My company is a [Sole Proprietorship, Partnership, LLC, Corporation, etc.]. Briefly explain the reason behind this choice.
• Ownership: [List the owners/founders, their titles, and percentage of ownership]
• Company History: Summarize my company history based on the following information: [Founding date and location, major milestones achieved to date (if existing business), etc.]

Let’s say you’re a freelance web designer starting an agency:

“Help me write a “Company Overview” for my business plan. My company, ‘Creative Web Solutions’, operates within the web design and development industry. Cover the following essential details:

• Legal Structure: Creative Web Solutions is registered as an LLC for liability protection and potential tax benefits.
• Ownership: I, [Your Name], am the sole owner and founder.”
• Keep it Brief: This section is just about communicating the facts; other areas of the plan will provide more depth.
• OK to Skip: If you aren’t seeking investment, you likely don’t need this section.
• Management Team

Once again, without your input, an AI chatbot won’t have much to go on. That said, AI can take your rough notes about your team and turn them into polished writing. Just be sure to double-check everything to make sure your team’s skills haven’t been represented incorrectly.

Help me write a “Management Team” section for my business plan. My company is [company name] operating in the [industry]. Include the following:

• List titles and roles of the core management team (founder(s), CEO, CMO, etc.).
• Provide a brief bio for each member, focusing on relevant experience, skills, and accomplishments that demonstrate their suitability for their role.
• Summarize the collective strengths of the management team and how they complement each other.
• Highlight any specific industry knowledge or expertise.
• List any formal advisors or board members.
• Outline their backgrounds and how they add strategic value to the business.
• Acknowledge any current gaps in expertise within the team and your plans to fill them (future hires, consultants, etc.).

Imagine you’re starting a tech startup with a co-founder:

“Help me write a “Management Team” section for my business plan. My company is ‘Innovatech’ operating in the software development industry. Include the following:..”

• Showcase Passion : Briefly mention what drives each team member and their commitment to the company’s vision.
• External Validation : Awards, past successes, or notable affiliations of team members add credibility.
• Be Honest : Investors appreciate transparency about potential shortcomings and your plan to address them. Make sure you edit what AI writes, that it accurately reflects the gaps in your team, and that it sounds like you.
• Financial Plan

Unfortunately, AI help can only take you so far with your business plan, which is the biggest pitfall in using AI to generate your plan . While it’s great at brainstorming and turning notes and ideas into polished text, AI is just not capable of pulling together the complete financial forecasts that businesses need and investors expect.

To create a financial plan , a spreadsheet or a business planning tool are the right choices for the job. Here’s why:

• Flexibility: Creating a financial plan takes some experimentation. As you adjust your expected revenue and expenses, you’ll want to see in real time what the impact is on your profitability. AI Chatbots don’t provide that kind of interface and require slow regeneration that often introduces unwanted changes and surprises.
• Cash Flow: Forecasting cash flow can be challenging, especially if you’re dealing with inventory or customers that don’t pay you right away. Business planning tools have these calculations baked in so you can adjust your assumptions about when you think you’ll purchase inventory and when customers will pay and immediately see how your cash is impacted.
• Accuracy: As it is, chatbots like ChatGPT aren’t known for their honesty. You don’t want to apply for a loan or present to investors with a forecast built by AI because you can’t be sure all the math is 100% accurate. You’ll want to be confident in your numbers to run a successful business.
• Know your business: When you build your own forecast, you develop a deep understanding of how your business works. AI can’t give you this knowledge . And without a solid understanding of how your business works from a financial perspective, it will be challenging to be successful.
• It’s what investors want: Lenders and investors expect financial forecasts in a specific, standardized format. While AI can help you with the basics, it can’t develop an accurate balance sheet or cash flow forecast for you.
• Better Business Management: The key to running a successful business is paying attention to the numbers: are you getting the revenue you expect and are your expenses on track? A good planning tool, or at the very least a spreadsheet, will help you keep track of your numbers so you can know exactly how your business is doing and what changes need to be made.

All of that said, AI can help you understand how you might want to start your forecast.

It can suggest common revenue streams and expenses for your business so you can make sure that you’re not overlooking anything. AI might even give you some new ideas for how your business might make money. Here’s how you can get AI to help:

Help me generate a comprehensive list of potential revenue streams, cost of goods, and expenses to include in my financial forecast for my business, [business name].  My business operates in the [industry] sector and offers [products/services].

Let’s say you’re a freelance graphic designer:

“Help me generate a comprehensive list of potential revenue streams and expenses to include in my financial forecast for my business, “Visual Designs.” My business operates in the creative services industry and offers logo design, branding packages, and website design services.

• Don’t Get Too Specific: Think about broad categories for revenue streams and expenses – things that you’d want to track and pay attention to over time. Don’t list every minor thing.
• Pay Attention to Profits and Cash: For most businesses, profit and actual cash in the bank are different things. Your forecast will help you spot future cash problems that might happen even when you’re profitable.
• Revisit Regularly: Successful businesses track their performance compared to their revenue goals and expense budget, just like you track things with a personal budget. 
• Don’t try to use AI to generate your numbers: You will need to use a financial model and take the time to put together a full financial forecast.
• Important Advice and a Warning for Using AI for Business Planning

There are two points I want to stress as you think about using AI to help write your business plan.

1. You need to know your business

The first is that good, healthy businesses grow because owners and entrepreneurs deeply understand their business.

Yes, you can use AI to help you write a business plan, but that plan needs to be yours — the ideas, how the business works, your competitive advantage. If you’re not 100% behind the ideas in the plan, you’re much less likely to be successful.

The most valuable benefit of business planning is not the document that you end up with, but the ideas that you generate through the process.

The planning process helps you focus on a winning business strategy, a marketing plan that will bring customers in the door, and a detailed understanding of your customers. The document is just a byproduct of the process.

The knowledge that you gain is what’s truly valuable.

2. AI isn’t perfect

Second, as impressive as AI is, it makes mistakes. It invents things. So make sure to double check any “facts” that AI presents. AI is better at ideation and brainstorming than doing detailed market research and creating financial models. 

To use AI successfully, it’s important to understand its strengths and weaknesses .

It’s a tireless business partner that you can bounce ideas off of. It’s always ready to brainstorm and help you generate 100 new ideas. But it’s not a great research assistant or number cruncher — at least not yet.

For those parts of your plan, use the tools that are best for those jobs.

If you’re looking for an AI-powered tool to improve your writing, suggest revenue streams and more, I recommend you check out the LivePlan Assistant . It’s the only AI business planning tool backed by over 30 years of business planning and forecasting expertise.

See why 1.2 million entrepreneurs have written their business plans with LivePlan

Noah is the COO at Palo Alto Software, makers of the online business plan app LivePlan. He started his career at Yahoo! and then helped start the user review site Epinions.com. From there he started a software distribution business in the UK before coming to Palo Alto Software to run the marketing and product teams.

Table of Contents

Related Articles

6 Min. Read

How to Write Your Business Plan Cover Page + Template

10 Min. Read

How to Set and Use Milestones in Your Business Plan

How to Write a Competitive Analysis for Your Business Plan

How to Write the Company Overview for a Business Plan

The Bplans Newsletter

The Bplans Weekly

Subscribe now for weekly advice and free downloadable resources to help start and grow your business.

We care about your privacy. See our privacy policy .

The quickest way to turn a business idea into a business plan

Fill-in-the-blanks and automatic financials make it easy.

No thanks, I prefer writing 40-page documents.

Discover the world’s #1 plan building software

Plan Smarter, Grow Faster:

25% Off Annual Plans! Save Now

0 results have been found for “”

 Return to blog home

How to Collaborate With AI to Write a Better Business Plan

Posted october 25, 2023 by noah parsons.

If you’re like most people, writing a business plan is a frustrating or intimidating hurdle. 

It’s the part of starting a business you’d rather skip in favor of more exciting things like working on your product or designing your logo. 

And, of course, AI tools like ChatGPT make it tempting to outsource the entire planning process to the robots. Click a button, generate a business plan, and move on to the next thing. 

Business planning is immensely valuable . It’s so much more than the document you end up with. It’s the process you go through – thinking about the details of your marketing strategy, who your best customers will be, your sales goals, and how you’ll build your business over time. 

Planning is a worthwhile and instructive process to help you build a better business.

And you don’t have to go it alone. AI can help .

Understanding the strengths and weaknesses of AI

The key word here is “help.” It’s not “AI can do it for you” or “AI can write your plan.” AI can help you write your plan. But it can’t – and shouldn’t – just write your entire plan for you. 

Here’s why:

• AI often gets things wrong and invents “facts.” As of fall 2023, AI tools aren’t reliable research companions.
• Especially if you’re doing something new, like inventing a new product or service, AI can’t understand how your product might resonate with your customer.
• Creativity is not AI’s strong point. You may get some new ideas from AI, but tools like ChatGPT are just regurgitating text they’ve seen elsewhere on the internet.

But AI is good at a lot of things:

• ChatGPT can transform lists of ideas into polished sentences and paragraphs.
• AI excels at summarizing research documents and can save you tons of time. AI never gets tired of reading reports.
• You may not be a professional business plan writer , but AI can make you look like one by polishing your writing and fixing grammatical mistakes.
• If you need to brainstorm, AI can be a great stand-in for a business partner to help generate good (and bad) ideas, stimulating your own creativity.

And you, the driving force behind your business, have unique capabilities that AI lacks:

• You’re creative and innovative, coming up with unique solutions and ideas to differentiate yourself from the competition.
• You have intuition about what your customer wants.
• You know your customers better than anyone.
• You know your business’s context, including any cultural nuances and market subtleties.

That’s why you need to work with AI on your business plan. 

The combination of unique human innovation and the workhorse power of AI is a dynamic mix for creating great business plans .

Best practices for incorporating human and AI input into your business plan

Here’s how you can collaborate with AI on key parts of your business plan:

Market research

• ChatGPT to brainstorm target market segments and summarize any market research reports you may have.
• Human input for nuanced insights on your target market and customer profile—plus fact-checking any research ChatGPT provides.

Marketing and sales strategy

• ChatGPT for brainstorming and listing possible tactics or channels .
• Human intuition for choosing the most effective strategies to differentiate your business from the competition .

Financial projections

• ChatGPT to help brainstorm potential revenue streams and list common expenses for businesses like yours.
• Human expertise to gather real-world expenses such as local rents, marketing costs, etc. And your expertise to make educated guesses about potential revenue. 

Executive summary

• ChatGPT to draft an initial summary of your complete plan once you’ve worked through all of the sections.
• Human input to revise ChatGPT’s initial draft of your plan summary to make the story more compelling and ensure that key points aren’t missed.

LivePlan’s AI plan writing features

Successful business planning with AI is about collaborating with the technology, not outsourcing all your work. Think of AI as another tool to help get the job done, not a complete solution.

That’s why we’ve integrated AI into LivePlan the way that we have. There is no “write my plan” button. 

Instead, AI is integrated as an assistant to help you transform your ideas into polished writing . Or, if you’ve written too much, LivePlan’s AI assistant can help you boil your thoughts down into concise bullet points. 

LivePlan’s AI won’t tell you exactly how much money you’ll make each month, but it will help you think about where your money will come from and how you should spend it.

Like spreadsheets and the internet, AI is a tool to help you become more efficient. It will help you learn more about your business and develop a better strategy faster than you could before.

Like this post? Share with a friend!

Noah Parsons

Posted in business plan writing, join over 1 million entrepreneurs who found success with liveplan, like this content sign up to receive more.

Subscribe for tips and guidance to help you grow a better, smarter business.

You're all set!

Exciting business insights and growth strategies will be coming your way each month.

We care about your privacy. See our privacy policy .

AI Helps Kick-Start New Business Concepts

• Share to Facebook
• Share to Twitter
• Share to Linkedin

AI opens new doors

The debate has been pretty intense on whether artificial intelligence will take away jobs, versus how many jobs it may create. But we have to look beyond AI’s impact on the traditional 9-to-5 employment box.

Consider another side of this story that gets nowhere near enough attention, but likely to have even a greater impact than the zero-sum jobs debate. That is the new businesses that now can be built on AI platforms, employing ideas that we have only begin to contemplate. AI may make entrepreneurship both for startups and established businesses far cheaper and more sustainable than ever before.

That means new types of opportunities for everyone — not just developers and data scientists.

There are markets for everything, and when it comes to launching new business ideas, AI is a wide-open book just waiting to be filled — and even create new markets in the process.

It’s already happening. Emerging businesses employing AI are offering services ranging from automating customer inquiries to providing product recommendation capabilities, and invoice cleaning services.

Examples of AI-driven startups are documented in a YouTube production by technology influencer Liam Ottley. In one example, he cites a service startup “created an invoice-cleaning system that uses GPT to not only spellcheck but format and punctuate invoice descriptions” for service providers, such as plumbers or electricians. Plumbers “aren't great at describing the work that's been done,” Ottley explains. “What the AI system essentially does is ensures clarity and professionalism for the plumbing franchises.”

Gervonta Davis’ Next Fight: ‘Tank’ Has An Opponent For His Return

Warner bros reveals 115 million investment in harry potter attraction, ryan garcia vs devin haney results king ry shocks the world with win.

Still, launching AI-enhanced business concepts is a new, unexplored frontier, he admits. “This stuff is hard because we are literally paving the way for future businesses to follow, and there's no handbook on what to sell or how to sell it. In many ways and in general they're skeptical of allowing AI into their businesses. We're definitely fighting an uphill battle at this point. We just have to figure it out.”

The good news is that it’s possible for startups or new business units to build AI-driven technology capabilities without extensive knowledge or technical skills, says Amit Walia , CEO of Informatica. “GenAI makes it easier for people to use technology without the need to create complicated interfaces. Instead of manually designing screens, buttons, and fields, these tasks might be achieved through natural language commands.”

The need for traditional development skillsets “may diminish as AI takes over these tasks, making it easier for executives and entrepreneurs to implement changes without extensive coding or interface design freeing up bandwidth to focus on more strategic tasks,” Walia adds.

“Instead of developers creating tools such as PowerBI dashboards, non-technical users can directly interact with data through conversation,” Walia says. “This streamlined approach eliminates both the time and cost associated with building a user interface.”

AI-powered tools and solutions are “absolutely boosting new business formation,” agrees Brian Lanehart , president and CTO of Momnt. “Because of the rapid acceleration of AI’s capabilities and applications to a range of business cases, new tools are coming into play almost every day, and with each tool comes new business opportunities.”

The clearest-cut case of AI-driven business creation “is with automation and data analytics and insights capabilities,’ Lanehart continues. “AI is taking the most time-consuming parts of business formation and continuity out of the equation for business leaders, automating tasks that were traditionally done by hand and analyzing massive amounts of data in only a few minutes. This gives entrepreneurs and startup businesses a great advantage when coming to market because it allows them to focus their likely slim staffs on more strategic aspects of the business and to support its overall growth.”

Still, it’s also important to remember that AI alone won’t launch a new business venture — it’s always up to inspired people to make the idea work. "Generative AI as a business tool is just that – it is a tool, albeit a potentially formidable one for its ability to generate a volume of ideas and tactics faster than humanly possible," says Ian Clayton , chief product officer of Redpoint Global.

Consider, for example, “a chief marketing officer of a clothing retailer who asks ChatGPT to develop an annual marketing plan, prompting it to generate a few innovative marketing campaigns,” Clayton says. “While the response might be impressive, both for its level of detail and that it might take 15 seconds versus days if not weeks for a team to generate something similar, it is still just one voice at the table.”

While generative AI offers “an educated voice from reading and analyzing millions of pages on the internet, how much does it know about your specific business or your customers?” Clayton continues. “Unless it is prompted with information relevant to your business, its answer will likely be relevant to anyone.”

It all comes down to peoples’ ability to leverage data, which is at the very core of most business innovation these days. AI, now accessible to all businesses, introduces “pattern recognition, trend identification and opportunity discovery within large datasets,” Walia observes. “AI can also analyze data to reveal hidden insights, suggest useful information or connections for innovation and predict upcoming trends and market needs. AI can also help in handling routine tasks to allow people to focus on more creative work and maintaining feedback loops that support in adapting and innovating based on user input.”

Because of AI’s ability to process and analyze massive amounts of data, “business leaders can identify important business trends or financial analytics in real-time,” Lanehart adds.

To move forward, it’s important to look at the opportunity or market need first, and not push AI for AI’s sake, Lanehart cautions. “AI has a lot of nuances, and the perceived versus real benefits of AI can vary vastly across any company of any size.”

At the same time, identifying use cases for AI tools “can be challenging, and it parallels the general lean advice of ‘decide what your core value prop is and outsource the rest,’” says Lanehart. “Start by asking where AI can add the most value to the business. Is now the right time to undertake the effort and focus on integrating AI in this area of the startup?”

Next, “ask if the business has access to enough data to inform the tool.” he continues. “AI is highly dependent on good data, so if the business doesn’t have sufficient data, is generative AI a possible fit? Finally, consider how AI will be integrated into the startup. Can AI enhance the value prop of the business? Is it the core offering? It’s important for entrepreneurs to realize that AI cannot and will not solve all problems.”

Keep humans in the loop as well — just because a business is 24x7 and automated doesn’t mean it should run unattended. “Ask AI to optimize a consumer UI, for example, but make sure the designers have the final say,” says Lanehart. ”AI is still expensive to leverage and implement, both from a monetary and time perspective. Startups are almost always under-resourced at the start, so make sure the focus remains on the overarching business goal – what the AI can and will do – and don't get distracted by what AI could do.”

• Editorial Standards
• Reprints & Permissions

Our approach

• Responsibility
• Infrastructure
• Try Meta AI

RECOMMENDED READS

• 5 Steps to Getting Started with Llama 2
• The Llama Ecosystem: Past, Present, and Future
• Introducing Code Llama, a state-of-the-art large language model for coding
• Meta and Microsoft Introduce the Next Generation of Llama
• Today, we’re introducing Meta Llama 3, the next generation of our state-of-the-art open source large language model.
• Llama 3 models will soon be available on AWS, Databricks, Google Cloud, Hugging Face, Kaggle, IBM WatsonX, Microsoft Azure, NVIDIA NIM, and Snowflake, and with support from hardware platforms offered by AMD, AWS, Dell, Intel, NVIDIA, and Qualcomm.
• We’re dedicated to developing Llama 3 in a responsible way, and we’re offering various resources to help others use it responsibly as well. This includes introducing new trust and safety tools with Llama Guard 2, Code Shield, and CyberSec Eval 2.
• In the coming months, we expect to introduce new capabilities, longer context windows, additional model sizes, and enhanced performance, and we’ll share the Llama 3 research paper.
• Meta AI, built with Llama 3 technology, is now one of the world’s leading AI assistants that can boost your intelligence and lighten your load—helping you learn, get things done, create content, and connect to make the most out of every moment. You can try Meta AI here .

Today, we’re excited to share the first two models of the next generation of Llama, Meta Llama 3, available for broad use. This release features pretrained and instruction-fine-tuned language models with 8B and 70B parameters that can support a broad range of use cases. This next generation of Llama demonstrates state-of-the-art performance on a wide range of industry benchmarks and offers new capabilities, including improved reasoning. We believe these are the best open source models of their class, period. In support of our longstanding open approach, we’re putting Llama 3 in the hands of the community. We want to kickstart the next wave of innovation in AI across the stack—from applications to developer tools to evals to inference optimizations and more. We can’t wait to see what you build and look forward to your feedback.

Our goals for Llama 3

With Llama 3, we set out to build the best open models that are on par with the best proprietary models available today. We wanted to address developer feedback to increase the overall helpfulness of Llama 3 and are doing so while continuing to play a leading role on responsible use and deployment of LLMs. We are embracing the open source ethos of releasing early and often to enable the community to get access to these models while they are still in development. The text-based models we are releasing today are the first in the Llama 3 collection of models. Our goal in the near future is to make Llama 3 multilingual and multimodal, have longer context, and continue to improve overall performance across core LLM capabilities such as reasoning and coding.

State-of-the-art performance

Our new 8B and 70B parameter Llama 3 models are a major leap over Llama 2 and establish a new state-of-the-art for LLM models at those scales. Thanks to improvements in pretraining and post-training, our pretrained and instruction-fine-tuned models are the best models existing today at the 8B and 70B parameter scale. Improvements in our post-training procedures substantially reduced false refusal rates, improved alignment, and increased diversity in model responses. We also saw greatly improved capabilities like reasoning, code generation, and instruction following making Llama 3 more steerable.

*Please see evaluation details for setting and parameters with which these evaluations are calculated.

In the development of Llama 3, we looked at model performance on standard benchmarks and also sought to optimize for performance for real-world scenarios. To this end, we developed a new high-quality human evaluation set. This evaluation set contains 1,800 prompts that cover 12 key use cases: asking for advice, brainstorming, classification, closed question answering, coding, creative writing, extraction, inhabiting a character/persona, open question answering, reasoning, rewriting, and summarization. To prevent accidental overfitting of our models on this evaluation set, even our own modeling teams do not have access to it. The chart below shows aggregated results of our human evaluations across of these categories and prompts against Claude Sonnet, Mistral Medium, and GPT-3.5.

Preference rankings by human annotators based on this evaluation set highlight the strong performance of our 70B instruction-following model compared to competing models of comparable size in real-world scenarios.

Our pretrained model also establishes a new state-of-the-art for LLM models at those scales.

To develop a great language model, we believe it’s important to innovate, scale, and optimize for simplicity. We adopted this design philosophy throughout the Llama 3 project with a focus on four key ingredients: the model architecture, the pretraining data, scaling up pretraining, and instruction fine-tuning.

Model architecture

In line with our design philosophy, we opted for a relatively standard decoder-only transformer architecture in Llama 3. Compared to Llama 2, we made several key improvements. Llama 3 uses a tokenizer with a vocabulary of 128K tokens that encodes language much more efficiently, which leads to substantially improved model performance. To improve the inference efficiency of Llama 3 models, we’ve adopted grouped query attention (GQA) across both the 8B and 70B sizes. We trained the models on sequences of 8,192 tokens, using a mask to ensure self-attention does not cross document boundaries.

Training data

To train the best language model, the curation of a large, high-quality training dataset is paramount. In line with our design principles, we invested heavily in pretraining data. Llama 3 is pretrained on over 15T tokens that were all collected from publicly available sources. Our training dataset is seven times larger than that used for Llama 2, and it includes four times more code. To prepare for upcoming multilingual use cases, over 5% of the Llama 3 pretraining dataset consists of high-quality non-English data that covers over 30 languages. However, we do not expect the same level of performance in these languages as in English.

To ensure Llama 3 is trained on data of the highest quality, we developed a series of data-filtering pipelines. These pipelines include using heuristic filters, NSFW filters, semantic deduplication approaches, and text classifiers to predict data quality. We found that previous generations of Llama are surprisingly good at identifying high-quality data, hence we used Llama 2 to generate the training data for the text-quality classifiers that are powering Llama 3.

We also performed extensive experiments to evaluate the best ways of mixing data from different sources in our final pretraining dataset. These experiments enabled us to select a data mix that ensures that Llama 3 performs well across use cases including trivia questions, STEM, coding, historical knowledge, etc.

Scaling up pretraining

To effectively leverage our pretraining data in Llama 3 models, we put substantial effort into scaling up pretraining. Specifically, we have developed a series of detailed scaling laws for downstream benchmark evaluations. These scaling laws enable us to select an optimal data mix and to make informed decisions on how to best use our training compute. Importantly, scaling laws allow us to predict the performance of our largest models on key tasks (for example, code generation as evaluated on the HumanEval benchmark—see above) before we actually train the models. This helps us ensure strong performance of our final models across a variety of use cases and capabilities.

We made several new observations on scaling behavior during the development of Llama 3. For example, while the Chinchilla-optimal amount of training compute for an 8B parameter model corresponds to ~200B tokens, we found that model performance continues to improve even after the model is trained on two orders of magnitude more data. Both our 8B and 70B parameter models continued to improve log-linearly after we trained them on up to 15T tokens. Larger models can match the performance of these smaller models with less training compute, but smaller models are generally preferred because they are much more efficient during inference.

To train our largest Llama 3 models, we combined three types of parallelization: data parallelization, model parallelization, and pipeline parallelization. Our most efficient implementation achieves a compute utilization of over 400 TFLOPS per GPU when trained on 16K GPUs simultaneously. We performed training runs on two custom-built 24K GPU clusters . To maximize GPU uptime, we developed an advanced new training stack that automates error detection, handling, and maintenance. We also greatly improved our hardware reliability and detection mechanisms for silent data corruption, and we developed new scalable storage systems that reduce overheads of checkpointing and rollback. Those improvements resulted in an overall effective training time of more than 95%. Combined, these improvements increased the efficiency of Llama 3 training by ~three times compared to Llama 2.

Instruction fine-tuning

To fully unlock the potential of our pretrained models in chat use cases, we innovated on our approach to instruction-tuning as well. Our approach to post-training is a combination of supervised fine-tuning (SFT), rejection sampling, proximal policy optimization (PPO), and direct preference optimization (DPO). The quality of the prompts that are used in SFT and the preference rankings that are used in PPO and DPO has an outsized influence on the performance of aligned models. Some of our biggest improvements in model quality came from carefully curating this data and performing multiple rounds of quality assurance on annotations provided by human annotators.

Learning from preference rankings via PPO and DPO also greatly improved the performance of Llama 3 on reasoning and coding tasks. We found that if you ask a model a reasoning question that it struggles to answer, the model will sometimes produce the right reasoning trace: The model knows how to produce the right answer, but it does not know how to select it. Training on preference rankings enables the model to learn how to select it.

Building with Llama 3

Our vision is to enable developers to customize Llama 3 to support relevant use cases and to make it easier to adopt best practices and improve the open ecosystem. With this release, we’re providing new trust and safety tools including updated components with both Llama Guard 2 and Cybersec Eval 2, and the introduction of Code Shield—an inference time guardrail for filtering insecure code produced by LLMs.

We’ve also co-developed Llama 3 with torchtune , the new PyTorch-native library for easily authoring, fine-tuning, and experimenting with LLMs. torchtune provides memory efficient and hackable training recipes written entirely in PyTorch. The library is integrated with popular platforms such as Hugging Face, Weights & Biases, and EleutherAI and even supports Executorch for enabling efficient inference to be run on a wide variety of mobile and edge devices. For everything from prompt engineering to using Llama 3 with LangChain we have a comprehensive getting started guide and takes you from downloading Llama 3 all the way to deployment at scale within your generative AI application.

A system-level approach to responsibility

We have designed Llama 3 models to be maximally helpful while ensuring an industry leading approach to responsibly deploying them. To achieve this, we have adopted a new, system-level approach to the responsible development and deployment of Llama. We envision Llama models as part of a broader system that puts the developer in the driver’s seat. Llama models will serve as a foundational piece of a system that developers design with their unique end goals in mind.

Instruction fine-tuning also plays a major role in ensuring the safety of our models. Our instruction-fine-tuned models have been red-teamed (tested) for safety through internal and external efforts. ​​Our red teaming approach leverages human experts and automation methods to generate adversarial prompts that try to elicit problematic responses. For instance, we apply comprehensive testing to assess risks of misuse related to Chemical, Biological, Cyber Security, and other risk areas. All of these efforts are iterative and used to inform safety fine-tuning of the models being released. You can read more about our efforts in the model card .

Llama Guard models are meant to be a foundation for prompt and response safety and can easily be fine-tuned to create a new taxonomy depending on application needs. As a starting point, the new Llama Guard 2 uses the recently announced MLCommons taxonomy, in an effort to support the emergence of industry standards in this important area. Additionally, CyberSecEval 2 expands on its predecessor by adding measures of an LLM’s propensity to allow for abuse of its code interpreter, offensive cybersecurity capabilities, and susceptibility to prompt injection attacks (learn more in our technical paper ). Finally, we’re introducing Code Shield which adds support for inference-time filtering of insecure code produced by LLMs. This offers mitigation of risks around insecure code suggestions, code interpreter abuse prevention, and secure command execution.

With the speed at which the generative AI space is moving, we believe an open approach is an important way to bring the ecosystem together and mitigate these potential harms. As part of that, we’re updating our Responsible Use Guide (RUG) that provides a comprehensive guide to responsible development with LLMs. As we outlined in the RUG, we recommend that all inputs and outputs be checked and filtered in accordance with content guidelines appropriate to the application. Additionally, many cloud service providers offer content moderation APIs and other tools for responsible deployment, and we encourage developers to also consider using these options.

Deploying Llama 3 at scale

Llama 3 will soon be available on all major platforms including cloud providers, model API providers, and much more. Llama 3 will be everywhere .

Our benchmarks show the tokenizer offers improved token efficiency, yielding up to 15% fewer tokens compared to Llama 2. Also, Group Query Attention (GQA) now has been added to Llama 3 8B as well. As a result, we observed that despite the model having 1B more parameters compared to Llama 2 7B, the improved tokenizer efficiency and GQA contribute to maintaining the inference efficiency on par with Llama 2 7B.

For examples of how to leverage all of these capabilities, check out Llama Recipes which contains all of our open source code that can be leveraged for everything from fine-tuning to deployment to model evaluation.

What’s next for Llama 3?

The Llama 3 8B and 70B models mark the beginning of what we plan to release for Llama 3. And there’s a lot more to come.

Our largest models are over 400B parameters and, while these models are still training, our team is excited about how they’re trending. Over the coming months, we’ll release multiple models with new capabilities including multimodality, the ability to converse in multiple languages, a much longer context window, and stronger overall capabilities. We will also publish a detailed research paper once we are done training Llama 3.

To give you a sneak preview for where these models are today as they continue training, we thought we could share some snapshots of how our largest LLM model is trending. Please note that this data is based on an early checkpoint of Llama 3 that is still training and these capabilities are not supported as part of the models released today.

We’re committed to the continued growth and development of an open AI ecosystem for releasing our models responsibly. We have long believed that openness leads to better, safer products, faster innovation, and a healthier overall market. This is good for Meta, and it is good for society. We’re taking a community-first approach with Llama 3, and starting today, these models are available on the leading cloud, hosting, and hardware platforms with many more to come.

Try Meta Llama 3 today

We’ve integrated our latest models into Meta AI, which we believe is the world’s leading AI assistant. It’s now built with Llama 3 technology and it’s available in more countries across our apps.

You can use Meta AI on Facebook, Instagram, WhatsApp, Messenger, and the web to get things done, learn, create, and connect with the things that matter to you. You can read more about the Meta AI experience here .

Visit the Llama 3 website to download the models and reference the Getting Started Guide for the latest list of all available platforms.

You’ll also soon be able to test multimodal Meta AI on our Ray-Ban Meta smart glasses.

As always, we look forward to seeing all the amazing products and experiences you will build with Meta Llama 3.

Our latest updates delivered to your inbox

Subscribe to our newsletter to keep up with Meta AI news, events, research breakthroughs, and more.

Join us in the pursuit of what’s possible with AI.

Product experiences

Foundational models

Latest news

Meta © 2024

• Share full article

For more audio journalism and storytelling, download New York Times Audio , a new iOS app available for news subscribers.

A.I.’s Original Sin

A times investigation found that tech giants altered their own rules to train their newest artificial intelligence systems..

This transcript was created using speech recognition software. While it has been reviewed by human transcribers, it may contain errors. Please review the episode audio before quoting from this transcript and email [email protected] with any questions.

From “The New York Times,” I’m Michael Barbaro. This is “The Daily.”

[MUSIC PLAYING]

Today, a “Times” investigation shows how as the country’s biggest technology companies race to build powerful new artificial intelligence systems, they bent and broke the rules from the start.

My colleague Cade Metz on what he uncovered.

It’s Tuesday, April 16th.

Cade, when we think about all the artificial intelligence products released over the past couple of years, including, of course, these chatbots we’ve talked a lot about on the show, we so frequently talk about their future their future capabilities, their influence on society, jobs, our lives. But you recently decided to go back in time to AI’s past, to its origins to understand the decisions that were made, basically, at the birth of this technology. So why did you decide to do that?

Because if you’re thinking about the future of these chatbots, that is defined by their past. The thing you have to realize is that these chatbots learn their skills by analyzing enormous amounts of digital data.

So what my colleagues and I wanted to do with our investigation was really focus on that effort to gather more data. We wanted to look at the type of data these companies were collecting, how they were gathering it, and how they were feeding it into their systems.

And when you all undertake this line of reporting, what do you end up finding?

We found that three major players in this race OpenAI, Google, and Meta as they were locked into this competition to develop better and better artificial intelligence, they were willing to do almost anything to get their hands on this data, including ignoring, and in some cases, violating corporate rules and wading into a legal gray area as they gathered this data.

Basically, cutting corners.

Cutting corners left and right.

OK, let’s start with OpenAI, the flashiest player of all.

The most interesting thing we’ve found, is that in late 2021, as OpenAI, the startup in San Francisco that built ChatGPT, as they were pulling together the fundamental technology that would power that chatbot, they ran out of data, essentially.

They had used just about all the respectable English language text on the internet to build this system. And just let that sink in for a bit.

I mean, I’m trying to let that sink in. They basically, like a Pac-Man on a old game, just consumed almost all the English words on the internet, which is kind of unfathomable.

Wikipedia articles by the thousands, news articles, Reddit threads, digital books by the millions. We’re talking about hundreds of billions, even trillions of words.

So by the end of 2021, OpenAI had no more English language texts that they could feed into these systems, but their ambitions are such that they wanted even more.

So here, we should remember that if you’re gathering up all the English language text on the internet, a large portion of that is going to be copyrighted.

So if you’re one of these companies gathering data at that scale, you are absolutely gathering copyrighted data, as well.

Which suggests that, from the very beginning, these companies, a company like OpenAI with ChatGPT, is starting to break, bend the rules.

Yes, they are determined to build this technology thus they are willing to venture into what is a legal gray area.

So given that, what does OpenAI do once it, as you had said, runs out of English language words to mop up and feed into this system?

So they get together, and they say, all right, so what are other options here? And they say, well, what about all the audio and video on the internet? We could transcribe all the audio and video, turn it into text, and feed that into their systems.

Interesting.

So a small team at OpenAI, which included its president and co-founder Greg Brockman, built a speech-recognition technology called Whisper, which could transcribe audio files into text with high accuracy.

And then they gathered up all sorts of audio files, from across the internet, including audio books, podcasts —

— and most importantly, YouTube videos.

Hmm, of which there’s a seemingly endless supply, right? Fair to say maybe tens of millions of videos.

According to my reporting, we’re talking about at least 1,000,000 hours of YouTube videos were scraped off of that video sharing site, fed into this speech recognition system in order to produce new text for training OpenAI’s chatbot. And YouTube’s terms of service do not allow a company like OpenAI to do this. YouTube, which is owned by Google, explicitly says you are not allowed to, in internet parlance, scrape videos en masse from across YouTube and use those videos to build a new application.

That is exactly what OpenAI did. According to my reporting, employees at the company knew that it broke YouTube terms of service, but they resolved to do it anyway.

So, Cade, this makes me want to understand what’s going on over at Google, which as we have talked about in the past on the show, is itself, thinking about and developing its own artificial intelligence model and product.

Well, as OpenAI scrapes up all these YouTube videos and starts to use them to build their chatbot, according to my reporting, some employees at Google, at the very least, are aware that this is happening.

Yes, now when we went to the company about this, a Google spokesman said it did not know that OpenAI was scraping YouTube content and said the company takes legal action over this kind of thing when there’s a clear reason to do so. But according to my reporting, at least some Google employees turned a blind eye to OpenAI’s activities because Google was also using YouTube content to train its AI.

So if they raise a stink about what OpenAI is doing, they end up shining a spotlight on themselves. And they don’t want to do that.

I guess I want to understand what Google’s relationship is to YouTube. Because of course, Google owns YouTube. So what is it allowed or not allowed to do when it comes to feeding YouTube data into Google’s AI models?

It’s an important distinction. Because Google owns YouTube, it defines what can be done with that data. And Google argues that it has a right to that data, that its terms of service allow it to use that data. However, because of that copyright issue, because the copyright to those videos belong to you and I, lawyers who I’ve spoken to say, people could take Google to court and try to determine whether or not those terms of service really allow Google to do this. There’s another legal gray area here where, although Google argues that it’s OK, others may argue it’s not.

Of course, what makes this all so interesting is, you essentially have one tech company Google, keeping another tech company OpenAI’s dirty little secret about basically stealing from YouTube because it doesn’t want people to know that it too is taking from YouTube. And so these companies are essentially enabling each other as they simultaneously seem to be bending or breaking the rules.

What this shows is that there is this belief, and it has been there for years within these companies, among their researchers, that they have a right to this data because they’re on a larger mission to build a technology that they believe will transform the world.

And if you really want to understand this attitude, you can look at our reporting from inside Meta.

And so what does Meta end up doing, according to your reporting?

Well, like Google and other companies, Meta had to scramble to build artificial intelligence that could compete with OpenAI. Mark Zuckerberg is calling engineers and executives at all hours pushing them to acquire this data that is needed to improve the chatbot.

And at one point, my colleagues and I got hold of recordings of these Meta executives and engineers discussing this problem. How they could get their hands on more data where they should try to find it? And they explored all sorts of options.

They talked about licensing books, one by one, at $10 a pop and feeding those into the model.

They even discussed acquiring the book publisher Simon & Schuster and feeding its entire library into their AI model. But ultimately, they decided all that was just too cumbersome, too time consuming, and on the recordings of these meetings, you can hear executives talk about how they were willing to run roughshod over copyright law and ignore the legal concerns and go ahead and scrape the internet and feed this stuff into their models.

They acknowledged that they might be sued over this. But they talked about how OpenAI had done this before them. That they, Meta were just following what they saw as a market precedent.

Interesting, so they go from having conversations like, should we buy a publisher that has tons of copyrighted material suggesting that they’re very conscious of the kind of legal terrain and what’s right and what’s wrong. And instead say, nah, let’s just follow the OpenAI model, that blueprint and just do what we want to do, do what we think we have a right to do, which is to kind of just gobble up all this material across the internet.

It’s a snapshot of that Silicon Valley attitude that we talked about. Because they believe they are building this transformative technology, because they are in this intensely competitive situation where money and power is at stake, they are willing to go there.

But what that means is that there is, at the birth of this technology, a kind of original sin that can’t really be erased.

It can’t be erased, and people are beginning to notice. And they are beginning to sue these companies over it. These companies have to have this copyrighted data to build their systems. It is fundamental to their creation. If a lawsuit bars them from using that copyrighted data, that could bring down this technology.

We’ll be right back.

So Cade, walk us through these lawsuits that are being filed against these AI companies based on the decisions they made early on to use technology as they did and the chances that it could result in these companies not being able to get the data they so desperately say they need.

These suits are coming from a wide range of places. They’re coming from computer programmers who are concerned that their computer programs have been fed into these systems. They’re coming from book authors who have seen their books being used. They’re coming from publishing companies. They’re coming from news corporations like, “The New York Times,” incidentally, which has filed a lawsuit against OpenAI and Microsoft.

News organizations that are concerned over their news articles being used to build these systems.

And here, I think it’s important to say as a matter of transparency, Cade, that your reporting is separate from that lawsuit. That lawsuit was filed by the business side of “The New York Times” by people who are not involved in your reporting or in this “Daily” episode, just to get that out of the way.

I’m assuming that you have spoken to many lawyers about this, and I wonder if there’s some insight that you can shed on the basic legal terrain? I mean, do the companies seem to have a strong case that they have a right to this information, or do companies like the “Times,” who are suing them, seem to have a pretty strong case that, no, that decision violates their copyrighted materials.

Like so many legal questions, this is incredibly complicated. It comes down to what’s called fair use, which is a part of copyright law that determines whether companies can use copyrighted data to build new things. And there are many factors that go into this. There are good arguments on the OpenAI side. There are good arguments on “The New York Times” side.

Copyright law says that can’t take my work and reproduce it and sell it to someone. That’s not allowed. But what’s called fair use does allow companies and individuals to use copyrighted works in part. They can take snippets of it. They can take the copyrighted works and transform it into something new. That is what OpenAI and others are arguing they’re doing.

But there are other things to consider. Does that transformative work compete with the individuals and companies that supplied the data that owned the copyrights?

And here, the suit between “The New York Times” company and OpenAI is illustrative. If “The New York Times” creates articles that are then used to build a chatbot, does that chatbot end up competing with “The New York Times?” Do people end up going to that chatbot for their information, rather than going to the “Times” website and actually reading the article? That is one of the questions that will end up deciding this case and cases like it.

So what would it mean for these AI companies for some, or even all of these lawsuits to succeed?

Well, if these tech companies are required to license the copyrighted data that goes into their systems, if they’re required to pay for it, that becomes a problem for these companies. We’re talking about digital data the size of the entire internet.

Licensing all that copyrighted data is not necessarily feasible. We quote the venture capital firm Andreessen Horowitz in our story where one of their lawyers says that it does not work for these companies to license that data. It’s too expensive. It’s on too large a scale.

Hmm, it would essentially make this technology economically impractical.

Exactly, so a jury or a judge or a law ruling against OpenAI, could fundamentally change the way this technology is built. The extreme case is these companies are no longer allowed to use copyrighted material in building these chatbots. And that means they have to start from scratch. They have to rebuild everything they’ve built. So this is something that, not only imperils what they have today, it imperils what they want to build in the future.

And conversely, what happens if the courts rule in favor of these companies and say, you know what, this is fair use. You were fine to have scraped this material and to keep borrowing this material into the future free of charge?

Well, one significant roadblock drops for these companies. And they can continue to gather up all that extra data, including images and sounds and videos and build increasingly powerful systems. But the thing is, even if they can access as much copyrighted material as they want, these companies may still run into a problem.

Pretty soon they’re going to run out of digital data on the internet.

That human-created data they rely on is going to dry up. They’re using up this data faster than humans create it. One research organization estimates that by 2026, these companies will run out of viable data on the internet.

Wow. Well, in that case, what would these tech companies do? I mean, where are they going to go if they’ve already scraped YouTube, if they’ve already scraped podcasts, if they’ve already gobbled up the internet and that altogether is not sufficient?

What many people inside these companies will tell you, including Sam Altman, the chief executive of OpenAI, they’ll tell you that what they will turn to is what’s called synthetic data.

And what is that?

That Is data generated by an AI model that is then used to build a better AI model. It’s AI helping to build better AI. That is the vision, ultimately, they have for the future that they won’t need all this human generated text. They’ll just have the AI build the text that will feed future versions of AI.

So they will feed the AI systems the material that the AI systems themselves create. But is that really a workable solid plan? Is that considered high-quality data? Is that good enough?

If you do this on a large scale, you quickly run into problems. As we all know, as we’ve discussed on this podcast, these systems make mistakes. They hallucinate . They make stuff up. They show biases that they’ve learned from internet data. And if you start using the data generated by the AI to build new AI, those mistakes start to reinforce themselves.

The systems start to get trapped in these cul-de-sacs where they end up not getting better but getting worse.

What you’re really saying is, these AI machines need the unique perfection of the human creative mind.

Well, as it stands today, that is absolutely the case. But these companies have grand visions for where this will go. And they feel, and they’re already starting to experiment with this, that if you have an AI system that is sufficiently powerful, if you make a copy of it, if you have two of these AI models, one can produce new data, and the other one can judge that data.

It can curate that data as a human would. It can provide the human judgment, So. To speak. So as one model produces the data, the other one can judge it, discard the bad data, and keep the good data. And that’s how they ultimately see these systems creating viable synthetic data. But that has not happened yet, and it’s unclear whether it will work.

It feels like the real lesson of your investigation is that if you have to allegedly steal data to feed your AI model and make it economically feasible, then maybe you have a pretty broken model. And that if you need to create fake data, as a result, which as you just said, kind of undermines AI’s goal of mimicking human thinking and language, then maybe you really have a broken model.

And so that makes me wonder if the folks you talk to, the companies that we’re focused on here, ever ask themselves the question, could we do this differently? Could we create an AI model that just needs a lot less data?

They have thought about other models for decades. The thing to realize here, is that is much easier said than done. We’re talking about creating systems that can mimic the human brain. That is an incredibly ambitious task. And after struggling with that for decades, these companies have finally stumbled on something that they feel works that is a path to that incredibly ambitious goal.

And they’re going to continue to push in that direction. Yes, they’re exploring other options, but those other options aren’t working.

What works is more data and more data and more data. And because they see a path there, they’re going to continue down that path. And if there are roadblocks there, and they think they can knock them down, they’re going to knock them down.

But what if the tech companies never get enough or make enough data to get where they think they want to go, even as they’re knocking down walls along the way? That does seem like a real possibility.

If these companies can’t get their hands on more data, then these technologies, as they’re built today, stop improving.

We will see their limitations. We will see how difficult it really is to build a system that can match, let alone surpass the human brain.

These companies will be forced to look for other options, technically. And we will see the limitations of these grandiose visions that they have for the future of artificial intelligence.

OK, thank you very much. We appreciate it.

Glad to be here.

Here’s what else you need to know today. Israeli leaders spent Monday debating whether and how to retaliate against Iran’s missile and drone attack over the weekend. Herzi Halevi, Israel’s Military Chief of Staff, declared that the attack will be responded to.

In Washington, a spokesman for the US State Department, Matthew Miller reiterated American calls for restraint —

^MATTHEW MILLER^ Of course, we continue to make clear to everyone that we talked to that we want to see de-escalation that we don’t want to see a wider regional war. That’s something that’s been —

— but emphasized that a final call about retaliation was up to Israel. ^MATTHEW MILLER^ Israel is a sovereign country. They have to make their own decisions about how best to defend themselves. What we always try to do —

And the first criminal trial of a former US President officially got underway on Monday in a Manhattan courtroom. Donald Trump, on trial for allegedly falsifying documents to cover up a sex scandal involving a porn star, watched as jury selection began.

The initial pool of 96 jurors quickly dwindled. More than half of them were dismissed after indicating that they did not believe that they could be impartial. The day ended without a single juror being chosen.

Today’s episode was produced by Stella Tan, Michael Simon Johnson, Muge Zaidi, and Rikki Novetsky. It was edited by Marc Georges and Liz O. Baylen, contains original music by Diane Wong, Dan Powell, and Pat McCusker, and was engineered by Chris Wood. Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly.

That’s it for “The Daily.” I’m Michael Barbaro. See you tomorrow.

• April 22, 2024   •   24:30 The Evolving Danger of the New Bird Flu
• April 19, 2024   •   30:42 The Supreme Court Takes Up Homelessness
• April 18, 2024   •   30:07 The Opening Days of Trump’s First Criminal Trial
• April 17, 2024   •   24:52 Are ‘Forever Chemicals’ a Forever Problem?
• April 16, 2024   •   29:29 A.I.’s Original Sin
• April 15, 2024   •   24:07 Iran’s Unprecedented Attack on Israel
• April 14, 2024   •   46:17 The Sunday Read: ‘What I Saw Working at The National Enquirer During Donald Trump’s Rise’
• April 12, 2024   •   34:23 How One Family Lost $900,000 in a Timeshare Scam
• April 11, 2024   •   28:39 The Staggering Success of Trump’s Trial Delay Tactics
• April 10, 2024   •   22:49 Trump’s Abortion Dilemma
• April 9, 2024   •   30:48 How Tesla Planted the Seeds for Its Own Potential Downfall
• April 8, 2024   •   30:28 The Eclipse Chaser

Hosted by Michael Barbaro

Featuring Cade Metz

Produced by Stella Tan ,  Michael Simon Johnson ,  Mooj Zadie and Rikki Novetsky

Edited by Marc Georges and Liz O. Baylen

Original music by Diane Wong ,  Dan Powell and Pat McCusker

Engineered by Chris Wood

Listen and follow The Daily Apple Podcasts | Spotify | Amazon Music

A Times investigation shows how the country’s biggest technology companies, as they raced to build powerful new artificial intelligence systems, bent and broke the rules from the start.

Cade Metz, a technology reporter for The Times, explains what he uncovered.

On today’s episode

Cade Metz , a technology reporter for The New York Times.

Background reading

How tech giants cut corners to harvest data for A.I.

What to know about tech companies using A.I. to teach their own A.I.

There are a lot of ways to listen to The Daily. Here’s how.

We aim to make transcripts available the next workday after an episode’s publication. You can find them at the top of the page.

The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern, Dan Farrell, Sophia Lanman, Shannon Lin, Diane Wong, Devon Taylor, Alyssa Moxley, Summer Thomad, Olivia Natt, Daniel Ramirez and Brendan Klinkenberg.

Our theme music is by Jim Brunberg and Ben Landsverk of Wonderly. Special thanks to Sam Dolnick, Paula Szuchman, Lisa Tobin, Larissa Anderson, Julia Simon, Sofia Milan, Mahima Chablani, Elizabeth Davis-Moorer, Jeffrey Miranda, Renan Borelli, Maddy Masiello, Isabella Anderson and Nina Lassam.

Cade Metz writes about artificial intelligence, driverless cars, robotics, virtual reality and other emerging areas of technology. More about Cade Metz

Advertisement

Politics latest: 'Enough is enough,' Sunak declares - Rwanda flights starting 'come what may'

Rishi Sunak has vowed deportation flights will happen ahead of a final push today to pass the bill designed to rescue the embattled Rwanda scheme.Meanwhile, the home secretary will meet the Met chief as calls grow for him to quit over the treatment of an antisemitism campaigner.

Monday 22 April 2024 16:47, UK

• MPs to vote on changes to Rwanda bill - here's what to expect
• 'No foreign court will stop us': Sunak declares Rwanda plan will start 'come what may'
• Explained: Why the Rwanda bill has not passed through parliament yet
• Met Police chief to meet home secretary after calls for him to quit over antisemitism row
• Rob Powell:  A Met chief is again in middle of policing and politics - what happens now?
• Listen to this week's Politics at Jack and Sam's above and  tap here  to follow wherever you get your podcasts
• Live reporting by Samuel Osborne (now) and  Ben Bloch  (earlier)

Rishi Sunak will join the chief of NATO in a visit to Poland's capital Warsaw tomorrow and then visit Germany's capital Berlin on Wednesday.

The prime minister and NATO Secretary General Jens Stoltenberg's visit is part of Poland's plan to rebuild its security position in Europe, the country's Prime Minister Donald Tusk said.

On Wednesday Mr Sunak is expected to discuss key policy issues, with a particular view on Ukraine and the Middle East, with Germany's Chancellor Olaf Scholz.

Michael Gove mocked Angela Rayner over her support for independent investigations as the pair clashed earlier over mayoral candidates ahead of next week's local elections.

Ms Rayner has faced scrutiny over whether she paid the right amount of council tax on the sale of her Stockport council house in 2015 due to confusion over whether it was her principal reference.

The Labour deputy leader has said she will "do the right thing and step down" if she is found to have committed a crime, but said she remains confident she followed the law at all times.

Speaking at communities questions Ms Rayner praised Labour politicians, including London's Sadiq Khan, for their work as elected mayors before raising questions about spending in the Tees Valley by Conservative Ben Houchen.

Communities Secretary Michael Gove replied: "Well I'm sure the honourable lady is very keen that all sorts of matters are investigated properly by independent figures who can be trusted.

"But in the Tees Valley Ben Houchen has done more than any other metro mayor to bring jobs and investment into his region. The thousands of jobs created in Teesworks stands in stark contrast to Labour's failure from London to Liverpool to bring in the jobs required."

MPs have started to debate amendments to the Rwanda bill made in the House of Lords last week.

The peers' amendments include an exemption for Afghan nationals who assisted British troops and a provision meaning Rwanda can only be treated as safe if deemed so by an independent monitoring body.

The minister for illegal migration Michael Tomlinson opened the debate in the House of Commons, asking MPs to reject the peers' amendments.

He said Labour had voted against government plans to tackle illegal migration 134 times, adding: "The opposition have delayed this bill for too long, enough is enough."

Catering staff in the House of Lords have made provision to offer refreshments into the night ahead of a possible late sitting over the Rwanda bill.

Rishi Sunak has said "enough is enough" and vowed MPs and peers will sit until the bill, which is currently in a stand-off between the two houses, is passed.

Speaking in the Lords government chief whip Baroness Williams of Trafford acknowledged the "frustration" felt by peers at the timetabling of the controversial legislation, given the "less than adequate notice" and coming on the first day of the Jewish holiday of Passover.

Lady Williams also thanked catering staff "who have already made swift provision for services beyond 10pm should peers and staff need them".

The government had expected the Rwanda bill to pass through parliament last week, but it did not, and parliament is set to vote for as long as it takes today to get it passed.

So what happened last week?

The House of Commons voted on seven amendments, passed by the House of Lords, to the Rwanda bill.

All seven amendments were rejected by MPs.

They were all defeated by comfortable majorities, and the legislation was sent back to the Lords.

The Lords once again decided to change the legislation, passing four new amendments.

That sent the bill back to the Commons for MPs to vote on.

After Prime Minister's Questions, MPs voted on the four Lords amendments to the legislation after around an hour of debate.

All four amendments were rejected by MPs, all by comfortable margins.

It was expected that the Lords would accept the bill in the form sent it by the Commons, but...

Wednesday evening

Labour peers joined bishops and crossbenchers to pass two new amendments with comfortable majorities.

This means that - much to the annoyance of the government - MPs will have to vote again on those amendments.

The Lords is insisting on its position that the bill:

• Should require an independent committee to declare Rwanda safe (rather than giving the home secretary that power);
• Should exempt those who served with or for the British armed forces from deportation.

Given the government had expected the bill to pass the Lords on Wednesday, not many MPs were in Westminster on Thursday.

We are expecting the debate and votes to begin in the House of Commons from around 4.30pm, and we'll bring you the latest from that when it happens.

MPs are expected to vote to overturn changes made to the Rwanda bill in the House of Lords tonight.

The bill is aimed at making the plan to send asylum seekers on one-way flights to Rwanda legally watertight.

Last week, peers amended the bill to include an exemption for Afghan nationals who assisted British troops and a provision meaning Rwanda can only be treated as safe if deemed so by an independent monitoring body.

After tonight's vote, the bill will be sent back to the House of Lords, where some peers may attempt to insist on their amendments again.

This morning Rishi Sunak acknowledged it will take 10-12 weeks before the first plane carrying asylum seekers takes off, but said after that there will be "multiple flights a month through the summer and beyond".

The prime minister has decided parliament will sit for as long as it takes to end the deadlock between the Commons and the Lords over the bill.

The current Rwanda bill does not reach the standard expected of UK legislation and breaches the Human Rights Act, leading lawyer and independent crossbencher Lord Carlile of Berriew has said.

Discussing the bill ahead of a Commons vote on it tonight, Lord Carlile told Sky News: "It removes British jurisdiction from people who are in the United Kingdom. It doesn't allow them to apply to be treated as asylum seekers because of the way they enter the country.

"It offends international agreements, for example the European Convention on Human Rights on which the British government relies every week in the European Court of Human Rights.

"It's a purely pragmatic, politically motivated approach by the government, which I don't believe convinces many people at all."

Asked if reservations in the Lords could stop the bill, he said "it really does depend what Labour do" but added: "I do hope we can push the government further."

He called for MPs to accept "two very modest concessions" peers amended the bill to contain last week - an exemption for Afghan nationals who assisted British troops and a provision meaning Rwanda could not be treated as safe unless deemed so by an independent monitoring body.

Lord Carlile said Rishi Sunak had taken "a childish view of being thwarted", adding: "I think the prime minister has very, very little understanding of either the law or of foreign policy. 

"From what I saw of the press conference this morning, it was just a piece of bravado. Stop the boats hasn't happened. There are more people coming on boats in the last two months and in the late part of this spring than in the previous year.

"Stop the boats is just a boast, but it's an empty boast. And he should now stop that boast."

Small boat arrivals in the UK since the beginning of the year have increased by 24% compared with the same period last year, according to Home Office data published today.

Some 6,265 small boats arrived between 1 January and 21 April 2024, compared with 5,049 during the same period the year before.

Vietnamese and Afghan arrivals were the main two nationalities, making up 40% of total arrivals during the period.

Of the 129,407 initial asylum decisions received between 15 April 2023 and 14 April 2024, 89,365 were substantive decisions.

Some 56,744 claims were granted and 36,597 were refused, representing a grant rate of 61%.

Rishi Sunak has made stopping the boats one of his five key pledges to voters, using his news conference earlier today to say the country can see the success of his efforts to stop illegal migration and noting small boat crossings last year were down a third on the year before.

The House of Commons will sit from 2.30pm, and Rishi Sunak has said MPs will sit for as along as it takes tonight to pass the Rwanda bill.

Here are the approximate timings:

2.30pm - Levelling Up Questions

Levelling Up Secretary Michael Gove and his ministers will take questions from MPs in the Commons.

That includes from Labour's deputy leader, Angela Rayner, who is facing questions over her own housing situation in the past, and whether she failed to pay capital gains tax on a property she owned.

3.30pm - Urgent Question on Sudan

Labour's shadow Africa minister, Lyn Brown, has tabled an urgent question asking the deputy foreign secretary, Andrew Mitchell, to "make a statement on the Government's response to the crisis in Sudan".

It is not confirmed if Mr Mitchell will respond, but we will bring you any key updates from that.

4.15pm - Rwanda amendments debate starts

Michael Tomlinson, the illegal migration minister, will open the debate on two amendments to the Rwanda bill passed in the House of Lords last Wednesday evening.

Those amendments are that the bill:

5.15pm - Votes on Rwanda amendments

MPs will vote on the two Lords amendments to the Rwanda bill, as above.

They are all but certain to be rejected by MPs, sending the bill back to the Lords.

After 6pm - Lords debates Rwanda bill

The House of Lords will debate the Rwanda bill again.

Peers could pass the bill in its current form, or they could pass fresh amendments and send the bill back to the Commons.

We will keep you updated here in the Politics Hub on what happens throughout the afternoon - and potentially much of the evening.

By Faye Brown , political reporter

Rishi Sunak is facing a fresh headache after a Conservative MP was suspended over allegations he misused campaign funds.

The Times newspaper report into Mark Menzies is the latest sleaze row to rock the Tories since the prime minister entered Downing Street with a promise to bring "integrity and accountability" to government.

Having sought to draw a line under the scandal-hit era of Boris Johnson, problems have continued to mount for Mr Sunak.

Sky News looks at the MPs who have been suspended during his time in office so far:

Be the first to get Breaking News

Install the Sky News app for free

• About Amazon (English)
• About Amazon (日本語)
• About Amazon (Français)
• About Amazon (Deutsch)
• Newsroom (Deutsch)
• About Amazon (Italiano)
• About Amazon (Polski)
• About Amazon (Español)
• Press Center (English)
• About Amazon (Português)

CEO Andy Jassy’s 2023 Letter to Shareholders

• Facebook Share
• Twitter Share
• LinkedIn Share
• Email Share
• Copy Link copied

Dear Shareholders:

Last year at this time, I shared my enthusiasm and optimism for Amazon’s future. Today, I have even more. The reasons are many, but start with the progress we’ve made in our financial results and customer experiences, and extend to our continued innovation and the remarkable opportunities in front of us.

In 2023, Amazon’s total revenue grew 12% year-over-year (“YoY”) from $514B to $575B. By segment, North America revenue increased 12% YoY from $316B to $353B, International revenue grew 11% YoY from $118B to $131B, and AWS revenue increased 13% YoY from $80B to $91B.

Further, Amazon’s operating income and Free Cash Flow (“FCF”) dramatically improved. Operating income in 2023 improved 201% YoY from $12.2B (an operating margin of 2.4%) to $36.9B (an operating margin of 6.4%). Trailing Twelve Month FCF adjusted for equipment finance leases improved from -$12.8B in 2022 to $35.5B (up $48.3B).

While we’ve made meaningful progress on our financial measures, what we’re most pleased about is the continued customer experience improvements across our businesses.

In our Stores business, customers have enthusiastically responded to our relentless focus on selection, price, and convenience. We continue to have the broadest retail selection , with hundreds of millions of products available, tens of millions added last year alone, and several premium brands starting to list on Amazon (e.g. Coach, Victoria’s Secret, Pit Viper, Martha Stewart, Clinique, Lancôme, and Urban Decay).

Being sharp on price is always important , but particularly in an uncertain economy, where customers are careful about how much they’re spending. As a result, in Q4 2023, we kicked off the holiday season with Prime Big Deal Days, an exclusive event for Prime members to provide an early start on holiday shopping. This was followed by our extended Black Friday and Cyber Monday holiday shopping event, open to all customers, that became our largest revenue event ever. For all of 2023, customers saved nearly $24B across millions of deals and coupons, almost 70% more than the prior year.

We also continue to improve delivery speeds, breaking multiple company records . In 2023, Amazon delivered at the fastest speeds ever to Prime members, with more than 7 billion items arriving same or next day, including more than 4 billion in the U.S. and more than 2 billion in Europe. In the U.S., this result is the combination of two things. One is the benefit of regionalization, where we re-architected the network to store items closer to customers. The other is the expansion of same-day facilities, where in 2023, we increased the number of items delivered same day or overnight by nearly 70% YoY. As we get items to customers this fast, customers choose Amazon to fulfill their shopping needs more frequently, and we can see the results in various areas including how fast our everyday essentials business is growing (over 20% YoY in Q4 2023).

Our regionalization efforts have also trimmed transportation distances, helping lower our cost to serve . In 2023, for the first time since 2018, we reduced our cost to serve on a per unit basis globally. In the U.S. alone, cost to serve was down by more than $0.45 per unit YoY. Decreasing cost to serve allows us both to invest in speed improvements and afford adding more selection at lower Average Selling Prices (“ASPs”). More selection at lower prices puts us in consideration for more purchases.

As we look toward 2024 (and beyond), we’re not done lowering our cost to serve . We’ve challenged every closely held belief in our fulfillment network, and reevaluated every part of it, and found several areas where we believe we can lower costs even further while also delivering faster for customers. Our inbound fulfillment architecture and resulting inventory placement are areas of focus in 2024, and we have optimism there’s more upside for us.

Internationally , we like the trajectory of our established countries, and see meaningful progress in our emerging geographies (e.g. India, Brazil, Australia, Mexico, Middle East, Africa, etc.) as they continue to expand selection and features, and move toward profitability (in Q4 2023, Mexico became our latest international Stores locale to turn profitable). We have high conviction that these new geographies will continue to grow and be profitable in the long run.

Alongside our Stores business, Amazon’s Advertising progress remains strong , growing 24% YoY from $38B in 2022 to $47B in 2023, primarily driven by our sponsored ads. We’ve added Sponsored TV to this offering, a self-service solution for brands to create campaigns that can appear on up to 30+ streaming TV services, including Amazon Freevee and Twitch, and have no minimum spend. Recently, we’ve expanded our streaming TV advertising by introducing ads into Prime Video shows and movies, where brands can reach over 200 million monthly viewers in our most popular entertainment offerings, across hit movies and shows, award-winning Amazon MGM Originals, and live sports like Thursday Night Football . Streaming TV advertising is growing quickly and off to a strong start.

Shifting to AWS , we started 2023 seeing substantial cost optimization, with most companies trying to save money in an uncertain economy. Much of this optimization was catalyzed by AWS helping customers use the cloud more efficiently and leverage more powerful, price-performant AWS capabilities like Graviton chips (our generalized CPU chips that provide ~40% better price-performance than other leading x86 processors), S3 Intelligent Tiering (a storage class that uses AI to detect objects accessed less frequently and store them in less expensive storage layers), and Savings Plans (which give customers lower prices in exchange for longer commitments). This work diminished short-term revenue, but was best for customers, much appreciated, and should bode well for customers and AWS longer-term. By the end of 2023, we saw cost optimization attenuating, new deals accelerating, customers renewing at larger commitments over longer time periods, and migrations growing again.

The past year was also a significant delivery year for AWS. We announced our next generation of generalized CPU chips (Graviton4), which provides up to 30% better compute performance and 75% more memory bandwidth than its already-leading predecessor (Graviton3). We also announced AWS Trainium2 chips, which will deliver up to four times faster machine learning training for generative AI applications and three times more memory capacity than Trainium1. We continued expanding our AWS infrastructure footprint, now offering 105 Availability Zones within 33 geographic Regions globally, with six new Regions coming (Malaysia, Mexico, New Zealand, the Kingdom of Saudi Arabia, Thailand, and a second German region in Berlin). In Generative AI (“GenAI”), we added dozens of features to Amazon SageMaker to make it easier for developers to build new Foundation Models (“FMs”). We invented and delivered a new service (Amazon Bedrock) that lets companies leverage existing FMs to build GenAI applications. And, we launched the most capable coding assistant around in Amazon Q. Customers are excited about these capabilities, and we’re seeing significant traction in our GenAI offerings. (More on how we’re approaching GenAI and why we believe we’ll be successful later in the letter.)

We’re also making progress on many of our newer business investments that have the potential to be important to customers and Amazon long-term. Touching on two of them:

We have increasing conviction that Prime Video can be a large and profitable business on its own. This confidence is buoyed by the continued development of compelling, exclusive content (e.g. Thursday Night Football, Lord of the Rings, Reacher, The Boys, Citadel , Road House , etc.), Prime Video customers’ engagement with this content, growth in our marketplace programs (through our third-party Channels program, as well as the broad selection of shows and movies customers rent or buy), and the addition of advertising in Prime Video.

In October, we hit a major milestone in our journey to commercialize Project Kuiper when we launched two end-to-end prototype satellites into space, and successfully validated all key systems and sub-systems—rare in an initial launch like this. Kuiper is our low Earth orbit satellite initiative that aims to provide broadband connectivity to the 400-500 million households who don’t have it today (as well as governments and enterprises seeking better connectivity and performance in more remote areas), and is a very large revenue opportunity for Amazon. We’re on track to launch our first production satellites in 2024. We’ve still got a long way to go, but are encouraged by our progress.

Overall, 2023 was a strong year, and I’m grateful to our collective teams who delivered on behalf of customers. These results represent a lot of invention, collaboration, discipline, execution, and reimagination across Amazon. Yet, I think every one of us at Amazon believes that we have a long way to go, in every one of our businesses, before we exhaust how we can make customers’ lives better and easier, and there is considerable upside in each of the businesses in which we’re investing.

In my annual letter over the last three years, I’ve tried to give shareholders more insight into how we’re thinking about the company, the businesses we’re pursuing, our future opportunities, and what makes us tick. We operate in a diverse number of market segments, but what ties Amazon together is our joint mission to make customers’ lives better and easier every day. This is true across every customer segment we serve (consumers, sellers, brands, developers, enterprises, and creators). At our best, we’re not just customer obsessed, but also inventive, thinking several years out, learning like crazy, scrappy, delivering quickly, and operating like the world’s biggest start-up.

We spend enormous energy thinking about how to empower builders, inside and outside of our company. We characterize builders as people who like to invent. They like to dissect a customer experience, assess what’s wrong with it, and reinvent it. Builders tend not to be satisfied until the customer experience is perfect. This doesn’t hinder them from delivering improvements along the way, but it drives them to keep tinkering and iterating continually. While unafraid to invent from scratch, they have no hesitation about using high-quality, scalable, cost-effective components from others. What matters to builders is having the right tools to keep rapidly improving customer experiences.

The best way we know how to do this is by building primitive services . Think of them as discrete, foundational building blocks that builders can weave together in whatever combination they desire. Here’s how we described primitives in our 2003 AWS Vision document:

“Primitives are the raw parts or the most foundational-level building blocks for software developers. They’re indivisible (if they can be functionally split into two they must) and they do one thing really well. They’re meant to be used together rather than as solutions in and of themselves. And, we’ll build them for maximum developer flexibility. We won’t put a bunch of constraints on primitives to guard against developers hurting themselves.  Rather, we’ll optimize for developer freedom and innovation.”

Of course, this concept of primitives can be applied to more than software development, but they’re especially relevant in technology. And, over the last 20 years, primitives have been at the heart of how we’ve innovated quickly.

One of the many advantages to thinking in primitives is speed . Let me give you two counter examples that illustrate this point. First, we built a successful owned-inventory retail business in the early years at Amazon where we bought all our products from publishers, manufacturers, and distributors, stored them in our warehouses, and shipped them ourselves. Over time, we realized we could add broader selection and lower prices by allowing third-party sellers to list their offerings next to our own on our highly trafficked search and product detail pages. We’d built several core retail services (e.g. payments, search, ordering, browse, item management) that made trying different marketplace concepts simpler than if we didn’t have those components. A good set of primitives? Not really.

It turns out that these core components were too jumbled together and not partitioned right. We learned this the hard way when we partnered with companies like Target in our Merchant.com business in the early 2000s. The concept was that target.com would use Amazon’s ecommerce components as the backbone of its website, and then customize however they wished. To enable this arrangement, we had to deliver those components as separable capabilities through application programming interfaces (“APIs”). This decoupling was far more difficult than anticipated because we’d built so many dependencies between these services as Amazon grew so quickly the first few years.

This coupling was further highlighted by a heavyweight mechanism we used to operate called “NPI.” Any new initiative requiring work from multiple internal teams had to be reviewed by this NPI cabal where each team would communicate how many people-weeks their work would take. This bottleneck constrained what we accomplished, frustrated the heck out of us, and inspired us to eradicate it by refactoring these ecommerce components into true primitive services with well-documented, stable APIs that enabled our builders to use each other’s services without any coordination tax.

In the middle of the Target and NPI challenges, we were contemplating building a new set of infrastructure technology services that would allow both Amazon to move more quickly and external developers to build anything they imagined. This set of services became known as AWS, and the above experiences convinced us that we should build a set of primitive services that could be composed together how anybody saw fit. At that time, most technology offerings were very feature-rich, and tried to solve multiple jobs simultaneously. As a result, they often didn’t do any one job that well.

Our AWS primitive services were designed from the start to be different. They offered important, highly flexible, but focused functionality. For instance, our first major primitive was Amazon Simple Storage Service (“S3”) in March 2006 that aimed to provide highly secure object storage, at very high durability and availability, at Internet scale, and very low cost. In other words, be stellar at object storage. When we launched S3, developers were excited, and a bit mystified. It was a very useful primitive service, but they wondered, why just object storage? When we launched Amazon Elastic Compute Cloud (“EC2”) in August 2006 and Amazon SimpleDB in 2007, people realized we were building a set of primitive infrastructure services that would allow them to build anything they could imagine, much faster, more cost-effectively, and without having to manage or lay out capital upfront for the datacenter or hardware. As AWS unveiled these building blocks over time (we now have over 240 at builders’ disposal—meaningfully more than any other provider), whole companies sprang up quickly on top of AWS (e.g. Airbnb, Dropbox, Instagram, Pinterest, Stripe, etc.), industries reinvented themselves on AWS (e.g. streaming with Netflix, Disney+, Hulu, Max, Fox, Paramount), and even critical government agencies switched to AWS (e.g. CIA, along with several other U.S. Intelligence agencies). But, one of the lesser-recognized beneficiaries was Amazon’s own consumer businesses, which innovated at dramatic speed across retail, advertising, devices (e.g. Alexa and Fire TV), Prime Video and Music, Amazon Go, Drones, and many other endeavors by leveraging the speed with which AWS let them build. Primitives, done well, rapidly accelerate builders’ ability to innovate .

So, how do you build the right set of primitives?

Pursuing primitives is not a guarantee of success. There are many you could build, and even more ways to combine them. But, a good compass is to pick real customer problems you’re trying to solve .

Our logistics primitives are an instructive example. In Amazon’s early years, we built core capabilities around warehousing items, and then picking, packing, and shipping them quickly and reliably to customers. As we added third-party sellers to our marketplace, they frequently requested being able to use these same logistics capabilities. Because we’d built this initial set of logistics primitives, we were able to introduce Fulfillment by Amazon (“FBA”) in 2006, allowing sellers to use Amazon’s Fulfillment Network to store items, and then have us pick, pack, and ship them to customers, with the bonus of these products being available for fast, Prime delivery. This service has saved sellers substantial time and money (typically about 70% less expensive than doing themselves), and remains one of our most popular services. As more merchants began to operate their own direct-to-consumer (“DTC”) websites, many yearned to still use our fulfillment capabilities, while also accessing our payments and identity primitives to drive higher order conversion on their own websites (as Prime members have already shared this payment and identity information with Amazon). A couple years ago, we launched Buy with Prime to address this customer need. Prime members can check out quickly on DTC websites like they do on Amazon, and receive fast Prime shipping speeds on Buy with Prime items—increasing order conversion for merchants by ~25% vs. their default experience.

As our Stores business has grown substantially, and our supply chain become more complex, we’ve had to develop a slew of capabilities in order to offer customers unmatched selection, at low prices, and with very fast delivery times. We’ve become adept at getting products from other countries to the U.S., clearing customs, and then shipping to storage facilities. Because we don’t have enough space in our shipping fulfillment centers to store all the inventory needed to maintain our desired in-stock levels, we’ve built a set of lower-cost, upstream warehouses solely optimized for storage (without sophisticated end-user, pick, pack, and ship functions). Having these two pools of inventory has prompted us to build algorithms predicting when we’ll run out of inventory in our shipping fulfillment centers and automatically replenishing from these upstream warehouses. And, in the last few years, our scale and available alternatives have forced us to build our own last mile delivery capability (roughly the size of UPS) to affordably serve the number of consumers and sellers wanting to use Amazon.

We’ve solved these customer needs by building additional fulfillment primitives that both serve Amazon consumers better and address external sellers’ increasingly complex ecommerce activities. For instance, for sellers needing help importing products, we offer a Global Mile service that leverages our expertise here. To ship inventory from the border (or anywhere domestically) to our storage facilities, we enable sellers to use either our first-party Amazon Freight service or third-party freight partners via our Partnered Carrier Program. To store more inventory at lower cost to ensure higher in-stock rates and shorter delivery times, we’ve opened our upstream Amazon Warehousing and Distribution facilities to sellers (along with automated replenishment to our shipping fulfillment centers when needed). For those wanting to manage their own shipping, we’ve started allowing customers to use our last mile delivery network to deliver packages to their end-customers in a service called Amazon Shipping. And, for sellers who wish to use our fulfillment network as a central place to store inventory and ship items to customers regardless of where they ordered, we have a Multi-Channel Fulfillment service. These are all primitives that we’ve exposed to sellers.

Building in primitives meaningfully expands your degrees of freedom . You can keep your primitives to yourself and build compelling features and capabilities on top of them to allow your customers and business to reap the benefits of rapid innovation. You can offer primitives to external customers as paid services (as we have with AWS and our more recent logistics offerings). Or, you can compose these primitives into external, paid applications as we have with FBA, Buy with Prime, or Supply Chain by Amazon (a recently released logistics service that integrates several of our logistics primitives). But, you’ve got options. You’re only constrained by the primitives you’ve built and your imagination.

Take the new, same-day fulfillment facilities in our Stores business. They’re located in the largest metro areas around the U.S. (we currently have 58), house our top-moving 100,000 SKUs (but also cover millions of other SKUs that can be injected from nearby fulfillment centers into these same-day facilities), and streamline the time required to go from picking a customer’s order to being ready to ship to as little as 11 minutes. These facilities also constitute our lowest cost to serve in the network. The experience has been so positive for customers that we’re planning to double the number of these facilities.

But, how else might we use this capability if we think of it as a core building block? We have a very large and growing grocery business in organic grocery (with Whole Foods Market) and non-perishable goods (e.g. consumables, canned goods, health and beauty products, etc.). We’ve been working hard on building a mass, physical store offering (Amazon Fresh) that offers a great perishable experience; however, what if we used our same-day facilities to enable customers to easily add milk, eggs, or other perishable items to any Amazon order and get same day? It might change how people think of splitting up their weekly grocery shopping, and make perishable shopping as convenient as non-perishable shopping already is.

Or, take a service that some people have questioned, but that’s making substantial progress and we think of as a very valuable future primitive capability—our delivery drones (called Prime Air). Drones will eventually allow us to deliver packages to customers in less than an hour. It won’t start off being available for all sizes of packages and in all locations, but we believe it’ll be pervasive over time. Think about how the experience of ordering perishable items changes with sub-one-hour delivery?

The same is true for Amazon Pharmacy. Need throat lozenges, Advil, an antibiotic, or some other medication? Same-day facilities already deliver many of these items within hours, and that will only get shorter as we launch Prime Air more expansively. Highly flexible building blocks can be composed across businesses and in new combinations that change what’s possible for customers.

Being intentional about building primitives requires patience . Releasing the first couple primitive services can sometimes feel random to customers (or the public at large) before we’ve unveiled how these building blocks come together. I’ve mentioned AWS and S3 as an example, but our Health offering is another. In the last 10 years, we’ve tried several Health experiments across various teams—but they were not driven by our primitives approach. This changed in 2022 when we applied our primitives thinking to the enormous global healthcare problem and opportunity. We’ve now created several important building blocks to help transform the customer health experience: Acute Care (via Amazon Clinic), Primary Care (via One Medical), and a Pharmacy service to buy whatever medication a patient may need. Because of our growing success, Amazon customers are now asking us to help them with all kinds of wellness and nutrition opportunities—which can be partially unlocked with some of our existing grocery building blocks, including Whole Foods Market or Amazon Fresh.

As a builder, it’s hard to wait for these building blocks to be built versus just combining a bunch of components together to solve a specific problem. The latter can be faster, but almost always slows you down in the future. We’ve seen this temptation in our robotics efforts in our fulfillment network. There are dozens of processes we seek to automate to improve safety, productivity, and cost. Some of the biggest opportunities require invention in domains such as storage automation, manipulation, sortation, mobility of large cages across long distances, and automatic identification of items. Many teams would skip right to the complex solution, baking in “just enough” of these disciplines to make a concerted solution work, but which doesn’t solve much more, can’t easily be evolved as new requirements emerge, and that can’t be reused for other initiatives needing many of the same components. However, when you think in primitives, like our Robotics team does, you prioritize the building blocks, picking important initiatives that can benefit from each of these primitives, but which build the tool chest to compose more freely (and quickly) for future and complex needs. Our Robotics team has built primitives in each of the above domains that will be lynchpins in our next set of automation, which includes multi-floor storage, trailer loading and unloading, large pallet mobility, and more flexible sortation across our outbound processes (including in vehicles). The team is also building a set of foundation AI models to better identify products in complex environments, optimize the movement of our growing robotic fleet, and better manage the bottlenecks in our facilities.

Sometimes, people ask us “what’s your next pillar? You have Marketplace, Prime, and AWS, what’s next?” This, of course, is a thought-provoking question. However, a question people never ask, and might be even more interesting is what’s the next set of primitives you’re building that enables breakthrough customer experiences? If you asked me today, I’d lead with Generative AI (“GenAI”).

Much of the early public attention has focused on GenAI applications , with the remarkable 2022 launch of ChatGPT. But, to our “primitive” way of thinking, there are three distinct layers in the GenAI stack, each of which is gigantic, and each of which we’re deeply investing.

The bottom layer is for developers and companies wanting to build foundation models (“FMs”). The primary primitives are the compute required to train models and generate inferences (or predictions), and the software that makes it easier to build these models. Starting with compute, the key is the chip inside it. To date, virtually all the leading FMs have been trained on Nvidia chips, and we continue to offer the broadest collection of Nvidia instances of any provider. That said, supply has been scarce and cost remains an issue as customers scale their models and applications. Customers have asked us to push the envelope on price-performance for AI chips, just as we have with Graviton for generalized CPU chips. As a result, we’ve built custom AI training chips (named Trainium) and inference chips (named Inferentia). In 2023, we announced second versions of our Trainium and Inferentia chips, which are both meaningfully more price-performant than their first versions and other alternatives. This past fall, leading FM-maker, Anthropic, announced it would use Trainium and Inferentia to build, train, and deploy its future FMs. We already have several customers using our AI chips, including Anthropic, Airbnb, Hugging Face, Qualtrics, Ricoh, and Snap.

Customers building their own FM must tackle several challenges in getting a model into production. Getting data organized and fine-tuned, building scalable and efficient training infrastructure, and then deploying models at scale in a low latency, cost-efficient manner is hard. It’s why we’ve built Amazon SageMaker, a managed, end-to-end service that’s been a game changer for developers in preparing their data for AI, managing experiments, training models faster (e.g. Perplexity AI trains models 40% faster in SageMaker), lowering inference latency (e.g. Workday has reduced inference latency by 80% with SageMaker), and improving developer productivity (e.g. NatWest reduced its time-to-value for AI from 12-18 months to under seven months using SageMaker).

The middle layer is for customers seeking to leverage an existing FM, customize it with their own data, and leverage a leading cloud provider’s security and features to build a GenAI application—all as a managed service. Amazon Bedrock invented this layer and provides customers with the easiest way to build and scale GenAI applications with the broadest selection of first- and third-party FMs, as well as leading ease-of-use capabilities that allow GenAI builders to get higher quality model outputs more quickly. Bedrock is off to a very strong start with tens of thousands of active customers after just a few months. The team continues to iterate rapidly on Bedrock, recently delivering Guardrails (to safeguard what questions applications will answer), Knowledge Bases (to expand models’ knowledge base with Retrieval Augmented Generation—or RAG—and real-time queries), Agents (to complete multi-step tasks), and Fine-Tuning (to keep teaching and refining models), all of which improve customers’ application quality. We also just added new models from Anthropic (their newly-released Claude 3 is the best performing large language model in the world), Meta (with Llama 2), Mistral, Stability AI, Cohere, and our own Amazon Titan family of FMs. What customers have learned at this early stage of GenAI is that there’s meaningful iteration required to build a production GenAI application with the requisite enterprise quality at the cost and latency needed. Customers don’t want only one model. They want access to various models and model sizes for different types of applications. Customers want a service that makes this experimenting and iterating simple, and this is what Bedrock does, which is why customers are so excited about it. Customers using Bedrock already include ADP, Amdocs, Bridgewater Associates, Broadridge, Clariant, Dana-Farber Cancer Institute, Delta Air Lines, Druva, Genesys, Genomics England, GoDaddy, Intuit, KT, Lonely Planet, LexisNexis, Netsmart, Perplexity AI, Pfizer, PGA TOUR, Ricoh, Rocket Companies, and Siemens.

The top layer of this stack is the application layer. We’re building a substantial number of GenAI applications across every Amazon consumer business. These range from Rufus (our new, AI-powered shopping assistant), to an even more intelligent and capable Alexa, to advertising capabilities (making it simple with natural language prompts to generate, customize, and edit high-quality images, advertising copy, and videos), to customer and seller service productivity apps, to dozens of others. We’re also building several apps in AWS, including arguably the most compelling early GenAI use case—a coding companion. We recently launched Amazon Q, an expert on AWS that writes, debugs, tests, and implements code, while also doing transformations (like moving from an old version of Java to a new one), and querying customers’ various data repositories (e.g. Intranets, wikis, Salesforce, Amazon S3, ServiceNow, Slack, Atlassian, etc.) to answer questions, summarize data, carry on coherent conversation, and take action. Q is the most capable work assistant available today and evolving fast.

While we’re building a substantial number of GenAI applications ourselves, the vast majority will ultimately be built by other companies. However, what we’re building in AWS is not just a compelling app or foundation model. These AWS services, at all three layers of the stack, comprise a set of primitives that democratize this next seminal phase of AI, and will empower internal and external builders to transform virtually every customer experience that we know (and invent altogether new ones as well). We’re optimistic that much of this world-changing AI will be built on top of AWS.

(By the way, don’t underestimate the importance of security in GenAI. Customers’ AI models contain some of their most sensitive data. AWS and its partners offer the strongest security capabilities and track record in the world; and as a result, more and more customers want to run their GenAI on AWS.)

Recently, I was asked a provocative question—how does Amazon remain resilient? While simple in its wording, it’s profound because it gets to the heart of our success to date as well as for the future. The answer lies in our discipline around deeply held principles: 1/ hiring builders who are motivated to continually improve and expand what’s possible; 2/ solving real customer challenges, rather than what we think may be interesting technology; 3/ building in primitives so that we can innovate and experiment at the highest rate; 4/ not wasting time trying to fight gravity (spoiler alert: you always lose)—when we discover technology that enables better customer experiences, we embrace it; 5/ accepting and learning from failed experiments—actually becoming more energized to try again, with new knowledge to employ.

Today, we continue to operate in times of unprecedented change that come with unusual opportunities for growth across the areas in which we operate. For instance, while we have a nearly $500B consumer business, about 80% of the worldwide retail market segment still resides in physical stores. Similarly, with a cloud computing business at nearly a $100B revenue run rate, more than 85% of the global IT spend is still on-premises. These businesses will keep shifting online and into the cloud. In Media and Advertising, content will continue to migrate from linear formats to streaming. Globally, hundreds of millions of people who don’t have adequate broadband access will gain that connectivity in the next few years. Last but certainly not least, Generative AI may be the largest technology transformation since the cloud (which itself, is still in the early stages), and perhaps since the Internet. Unlike the mass modernization of on-premises infrastructure to the cloud, where there’s work required to migrate, this GenAI revolution will be built from the start on top of the cloud. The amount of societal and business benefit from the solutions that will be possible will astound us all.

There has never been a time in Amazon’s history where we’ve felt there is so much opportunity to make our customers’ lives better and easier. We’re incredibly excited about what’s possible, focused on inventing the future, and look forward to working together to make it so.

Andy Jassy President and Chief Executive Officer Amazon.com, Inc.

P.S. As we have always done, our original 1997 Shareholder Letter follows. What’s written there is as true today as it was in 1997.

To our shareholders:

Amazon.com passed many milestones in 1997: by year-end, we had served more than 1.5 million customers, yielding 838% revenue growth to $147.8 million, and extended our market leadership despite aggressive competitive entry.

But this is Day 1 for the Internet and, if we execute well, for Amazon.com. Today, online commerce saves customers money and precious time. Tomorrow, through personalization, online commerce will accelerate the very process of discovery. Amazon.com uses the Internet to create real value for its customers and, by doing so, hopes to create an enduring franchise, even in established and large markets.

We have a window of opportunity as larger players marshal the resources to pursue the online opportunity and as customers, new to purchasing online, are receptive to forming new relationships. The competitive landscape has continued to evolve at a fast pace. Many large players have moved online with credible offerings and have devoted substantial energy and resources to building awareness, traffic, and sales. Our goal is to move quickly to solidify and extend our current position while we begin to pursue the online commerce opportunities in other areas. We see substantial opportunity in the large markets we are targeting. This strategy is not without risk: it requires serious investment and crisp execution against established franchise leaders.

It’s All About the Long Term

We believe that a fundamental measure of our success will be the shareholder value we create over the long term . This value will be a direct result of our ability to extend and solidify our current market leadership position. The stronger our market leadership, the more powerful our economic model. Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital.

Our decisions have consistently reflected this focus. We first measure ourselves in terms of the metrics most indicative of our market leadership: customer and revenue growth, the degree to which our customers continue to purchase from us on a repeat basis, and the strength of our brand. We have invested and will continue to invest aggressively to expand and leverage our customer base, brand, and infrastructure as we move to establish an enduring franchise.

Because of our emphasis on the long term, we may make decisions and weigh tradeoffs differently than some companies. Accordingly, we want to share with you our fundamental management and decision-making approach so that you, our shareholders, may confirm that it is consistent with your investment philosophy:

• We will continue to focus relentlessly on our customers.
• We will continue to make investment decisions in light of long-term market leadership considerations rather than short-term profitability considerations or short-term Wall Street reactions.
• We will continue to measure our programs and the effectiveness of our investments analytically, to jettison those that do not provide acceptable returns, and to step up our investment in those that work best. We will continue to learn from both our successes and our failures.
• We will make bold rather than timid investment decisions where we see a sufficient probability of gaining market leadership advantages. Some of these investments will pay off, others will not, and we will have learned another valuable lesson in either case.
• When forced to choose between optimizing the appearance of our GAAP accounting and maximizing the present value of future cash flows, we’ll take the cash flows.
• We will share our strategic thought processes with you when we make bold choices (to the extent competitive pressures allow), so that you may evaluate for yourselves whether we are making rational long-term leadership investments.
• We will work hard to spend wisely and maintain our lean culture. We understand the importance of continually reinforcing a cost-conscious culture, particularly in a business incurring net losses.
• We will balance our focus on growth with emphasis on long-term profitability and capital management. At this stage, we choose to prioritize growth because we believe that scale is central to achieving the potential of our business model.
• We will continue to focus on hiring and retaining versatile and talented employees, and continue to weight their compensation to stock options rather than cash. We know our success will be largely affected by our ability to attract and retain a motivated employee base, each of whom must think like, and therefore must actually be, an owner.

We aren’t so bold as to claim that the above is the “right” investment philosophy, but it’s ours, and we would be remiss if we weren’t clear in the approach we have taken and will continue to take.

With this foundation, we would like to turn to a review of our business focus, our progress in 1997, and our outlook for the future.

Obsess Over Customers

From the beginning, our focus has been on offering our customers compelling value. We realized that the Web was, and still is, the World Wide Wait. Therefore, we set out to offer customers something they simply could not get any other way, and began serving them with books. We brought them much more selection than was possible in a physical store (our store would now occupy 6 football fields), and presented it in a useful, easy- to-search, and easy-to-browse format in a store open 365 days a year, 24 hours a day. We maintained a dogged focus on improving the shopping experience, and in 1997 substantially enhanced our store. We now offer customers gift certificates, 1-Click shopping℠, and vastly more reviews, content, browsing options, and recommendation features. We dramatically lowered prices, further increasing customer value. Word of mouth remains the most powerful customer acquisition tool we have, and we are grateful for the trust our customers have placed in us. Repeat purchases and word of mouth have combined to make Amazon.com the market leader in online bookselling.

By many measures, Amazon.com came a long way in 1997:

• Sales grew from $15.7 million in 1996 to $147.8 million – an 838% increase.
• Cumulative customer accounts grew from 180,000 to 1,510,000 – a 738% increase.
• The percentage of orders from repeat customers grew from over 46% in the fourth quarter of 1996 to over 58% in the same period in 1997.
• In terms of audience reach, per Media Metrix, our Web site went from a rank of 90th to within the top 20.
• We established long-term relationships with many important strategic partners, including America Online, Yahoo!, Excite, Netscape, GeoCities, AltaVista, @Home, and Prodigy.

Infrastructure

During 1997, we worked hard to expand our business infrastructure to support these greatly increased traffic, sales, and service levels:

• Amazon.com’s employee base grew from 158 to 614, and we significantly strengthened our management team.
• Distribution center capacity grew from 50,000 to 285,000 square feet, including a 70% expansion of our Seattle facilities and the launch of our second distribution center in Delaware in November.
• Inventories rose to over 200,000 titles at year-end, enabling us to improve availability for our customers.
• Our cash and investment balances at year-end were $125 million, thanks to our initial public offering in May 1997 and our $75 million loan, affording us substantial strategic flexibility.

Our Employees

The past year’s success is the product of a talented, smart, hard-working group, and I take great pride in being a part of this team. Setting the bar high in our approach to hiring has been, and will continue to be, the single most important element of Amazon.com’s success.

It’s not easy to work here (when I interview people I tell them, “You can work long, hard, or smart, but at Amazon.com you can’t choose two out of three”), but we are working to build something important, something that matters to our customers, something that we can all tell our grandchildren about. Such things aren’t meant to be easy. We are incredibly fortunate to have this group of dedicated employees whose sacrifices and passion build Amazon.com.

Goals for 1998

We are still in the early stages of learning how to bring new value to our customers through Internet commerce and merchandising. Our goal remains to continue to solidify and extend our brand and customer base. This requires sustained investment in systems and infrastructure to support outstanding customer convenience, selection, and service while we grow. We are planning to add music to our product offering, and over time we believe that other products may be prudent investments. We also believe there are significant opportunities to better serve our customers overseas, such as reducing delivery times and better tailoring the customer experience. To be certain, a big part of the challenge for us will lie not in finding new ways to expand our business, but in prioritizing our investments.

We now know vastly more about online commerce than when Amazon.com was founded, but we still have so much to learn. Though we are optimistic, we must remain vigilant and maintain a sense of urgency. The challenges and hurdles we will face to make our long-term vision for Amazon.com a reality are several: aggressive, capable, well-funded competition; considerable growth challenges and execution risk; the risks of product and geographic expansion; and the need for large continuing investments to meet an expanding market opportunity. However, as we’ve long said, online bookselling, and online commerce in general, should prove to be a very large market, and it’s likely that a number of companies will see significant benefit. We feel good about what we’ve done, and even more excited about what we want to do.

1997 was indeed an incredible year. We at Amazon.com are grateful to our customers for their business and trust, to each other for our hard work, and to our shareholders for their support and encouragement.

Jeffrey P. Bezos Founder and Chief Executive Officer Amazon.com, Inc.

Watch: Amazon CEO Andy Jassy talks about our innovation in AI, faster delivery, and more

Amazon and Anthropic deepen their shared commitment to advancing generative AI

Amazon Q4 earnings call: Here’s what CEO Andy Jassy and CFO Brian Olsavsky had to say

An update on Amazon leadership in Operations and AWS Finance

Watch Amazon CEO Andy Jassy’s conversation with CNBC’s Jim Cramer

Amazon and Hyundai launch a broad, strategic partnership—including vehicle sales on Amazon.com in 2024

Andy Jassy and Dave Limp welcome Panos Panay as Amazon's new Devices & Services leader

Amazon and Anthropic announce strategic collaboration to advance generative AI

3 new leaders join Amazon Steam