Factories were built in the Industrial Revolution. The AI revolution is creating a 'one-man company'. Between 2023 and 2025, there have been exponential growth in companies run by just one person. But new jobs are falling. An analysis by payments company Stripe says that the number of one-man companies in the United States with annual earnings of up to $10 million ($95 crore) has doubled in two years. During this period, such companies earning more than one million dollars tripled. According to Ernie Tedeschi, chief economist at Stripe, AI has become the 'built-in business partner' of entrepreneurs. Ben Brokaw, 40, started a company that makes AI tools for entrepreneurs last December. In just 8 months without any employees, they added more than 10,000 customers. This year's revenue is estimated to be around Rs 95 crore. He has already raised Rs 287 crore from investors. Taylor Bole, an economist at the Bank of America Institute, points to another emerging picture of this development. According to him, the number of new business applications in the information sector increased by almost 45% in just one year, which is the highest among all sectors. But the number of promoters looking to recruit new in the same sector fell the fastest. The challenge is that copying someone else's idea is now very easy Troy Johnston, 40, who runs a solo credit-card benefits app in Orlando, is making a profit of about $3,000 (about Rs 29 lakh) per month. He says that AI has given everyone an 'excalibur sword'. That is, anyone can easily copy their idea. Claire Waugh, 41, created a low-cost documentation app in 2023 for $1 i.e. Rs 95.6 per month. After working alone for the first 9 months, he hired an engineer. Today there are about one lakh users of this app and this year they are expected to make a huge profit of about Rs 10 crore. AI-focused firms have an average of 25% fewer employees – The 50,000 AI-focused companies involved in a study by Harvard Business School professor Rembrandt Koning found an average of 25% fewer employees. Julian Weiser, a solo-founder in San Francisco, received 4,500 applications for 10 seats in June, five times as many as in May. Sameer Ahmed, 39, quit his job for 20 years to start a solo coaching-consulting business. Within a few months, it was closed.
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