First time AI created a ₹17,000 crore company:Only two brothers handle the work; Sam Altman’s 1 billion dollar prediction came true

41-year-old Matthew Gallagher, living in Los Angeles, built a ₹17 thousand crore company with AI. The company’s name is Medley, which took just two months and 18 lakh rupees to build. Medley is a telehealth startup that provides online sales and consultation for weight loss drugs. It is in the news because its annual revenue has reached around ₹17 thousand crores. There are only 2 people in this company – Matthew and his brother Elliott. Code, content, images – all work done by AI Matthew created the software code, website content, images and videos for advertising using AI. He even deployed AI bots for customer service. Partnership with other platforms for medicine delivery For medicine delivery and managing doctors’ work, Matthew has partnered with platforms like ‘Care Validate’ and ‘OpenLoop’. These companies handle the network of doctors, medicines and shipping. Medvie AI handles marketing and customer acquisition work. Sales of approximately 3,700 crore rupees in the first year This company, which started in September 2024, gained 300 new customers in the first month and 1,000 in the second month. In the first full year, the company made sales of approximately 3,700 crore rupees. FDA warning received for misleading advertisements The US Food and Drug Administration has also issued a warning to the company for misleading advertisements. Additionally, a lawsuit has been filed against the company in California for violating anti-spam laws. Initially, the company’s AI chatbots also made mistakes such as quoting incorrect prices. No plans to hire employees in the future either Matthew says that they don’t want to hire more people because it delays decision-making and increases expenses. However, he said in a humorous manner that he sometimes feels lonely, so perhaps in the future he might hire someone for ‘company’. Company with 60 employees was in loss, one with 2 in profit This is not Matthew’s first business. In 2016, he started a company called ‘Watch Gang’, which had 60 employees. Despite increasing revenue, that company never became profitable. In contrast, ‘Medley’, run by just two people with the help of AI, is today making profits in crores. Sam Altman’s prediction came true OpenAI’s CEO Sam Altman had predicted in 2024 that soon there would be companies run by just one person with a valuation of 1 billion dollars. On Matthew’s success, Altman said that he would like to meet this person. Knowledge part – What are AI agents? These are programs that can complete tasks on their own without any human intervention. Such as- replying to emails, analyzing data, or resolving customer complaints. Can you also create such a company? Experts believe that 3 skills are necessary for a ‘solopreneur’: