I Don’t Need Advice, I Did My Research (Or AI: “Ani Idiot”)

#EntrepreneuroftheWeek – Tomer Maor

#Post2 – I Don’t Need Advice, I Did My Research (Or AI: “Ani Idiot”)

Hey friends!

Before we start, a few definitions to keep things simple with the Hebrew/English mix:

ChatGPT will be called “Jept” (because that’s how we Israelis pronounce it anyway 😅)

AI will simply be Artificial Intelligence.

And to Avshalom Kor — if you’re reading this — I’m a huge fan.

Apologies in advance for the length — there are a few copy-pastes of documents in here.

First off — sorry for the clickbait title 😜
Like everyone else, I’m not against AI — I’m actually good friends with Jept and his cousins (though I never upload sensitive info there, of course).

The language in this post might be a bit blunt, but it’s all in good humor — the topic just really fires me up.

Today, I want to give some real examples of why AI isn’t always that intelligent.

Let’s start with two key mantras I repeat over and over:

1️⃣ Jept is an amazing tool — if you know exactly what outcome you need.
2️⃣ AI won’t replace professionals. But people who know how to use AI will.

The main point here:
👉 Don’t replace professionals with a chat window.
Because professionals know what you actually need — and you don’t.

🏠 Example 1: “Yakir the Investor”

(Yakir = fictional name, real story.)

Yakir didn’t want to pay for a lawyer (too expensive) and decided to use free Jept (because, well, free).

He’s new to real estate and wants to buy a property in Cleveland (because it’s cheap, right?).

So he asks Jept: “Where should I open my company?”
Jept confidently answers: Wyoming or Delaware!

Great! Yakir forms a company in Wyoming, buys his property in Cleveland, and rents it out.

Until… the tenant stops paying.

Yakir wants to sue — but surprise! 🚫
He can’t.

Because Ohio law (like many other states) requires a company to be registered in-state to “do business.”
If you’re not properly registered, you can’t even file a lawsuit.

So now Yakir has to register his company in Ohio too — which costs money —
all because he tried to save a few hundred bucks on legal advice.

And if you ask Jept again, maybe it’ll tell you to form a holding company in Wyoming that owns local LLCs in each state.
Sounds fancy, right? Except… when you only own one property, that’s like building a skyscraper to hold a single broom closet. 🧹

(Also, try asking Jept the same question in different ways — you’ll get different answers each time.)

💸 Example 2: The Loan Agreement

Now Yakir wants to lend $50,000 to Chaim for a real estate deal in Cleveland.
He figures, “Why hire a lawyer when I have Jept?”

So he types (in Hebrew):

“I need a loan agreement for buying a property in the U.S.”

Jept spits out half a page of a loan agreement in Hebrew with the terms.
Then it politely asks:

“Would you like it in English as well?”

Of course he does.

Then Yakir (smartly) asks in English:

“Isn’t that supposed to be a promissory note?”

Jept answers:

“Hmm, maybe — not exactly the same thing, but yes, in your case you probably need a promissory note and mortgage.”

Nice! It even offers to draft one.
Here’s what comes out (real output, shortened for your sanity):

PROMISSORY NOTE
(For the purchase of 67 SixSeven Ave, Cleveland, Ohio)
Principal: $____
Interest: 1% per month
Term: 12 months
Payments: [various options]
Default: borrower doesn’t pay
Governing Law: Ohio
Signatures: lender & borrower

Looks decent, right? WRONG.

What’s missing? Tons of critical stuff.

Let’s check with a few follow-ups:

“Shouldn’t the promissory note include a jury trial waiver?”

Jept:

“Yes, in U.S. commercial lending, it’s common to include that clause to avoid costly jury trials.”

So… if it’s so common, why didn’t you include it in the first place, genius?! 🤦‍♂️

And another one:

“Shouldn’t it have an acknowledgment of debt?”

Jept:

“Yes, that clause is common in promissory notes — it strengthens the lender’s position and prevents the borrower from denying the debt.”

Exactly. And again — not included.

A professional lawyer knows these clauses must be there.
We know how they should be written and why they matter.

Jept doesn’t.
It’s not that it’s “wrong” — it just doesn’t know what you don’t know.

So Yakir ends up with a pretty-looking document that will completely fail him if the borrower defaults.
And then he’ll find out that jury trials are very expensive, and that the borrower can deny everything.

💡 Bottom line

Don’t cut corners on professionals.

Jept is a brilliant assistant,
but it’s not a substitute for expertise, experience, and judgment.

I could fill this entire week with examples like these — but I’ve got plenty more topics to cover.

So for now, remember:

AI doesn’t replace professionals — but professionals who use AI will replace those who don’t.

And the picture?

“I want you to create an image of an AI supercomputer that basically looks like a dumb human.” 🤖💥