Why Would 14 Hong Kong Tycoons Pay $1 Million for an AI Product? | A Conversation with Frank, Founder of "Eternal Consciousness"

How do you sell a product with a 1 million RMB price tag?

We often hear about AI applications targeting young users. After learning about Frank's venture "Eternal Consciousness," we discovered that even in a space seemingly far from the AI mainstream and core battlegrounds, someone is making high-price-tag, service-heavy bets.

In this podcast episode, you'll hear about Frank's experiment building "personal memory museums" for elderly clients. What's particularly compelling is that his primary customer base consists of ultra-high-net-worth individuals in Hong Kong.

In our interview, Frank explained that from a business perspective, his service breaks away from traditional internet and mobile internet models, exploring new pricing frameworks. He was direct with us: AI actually accounts for a relatively small portion of what he delivers. At its core, he's running a project that uses AI and human service to fulfill deep, fundamental human needs.

On a personal level, he reflected on how the process of helping others document their life stories has given him a felt sense of the sweeping changes across generations. He arrived at a realization: "Being seen is the greatest respect" — elderly people need to be seen, need to be heard.

Whether you're interested in entrepreneurship in the silver economy or simply navigating relationships with aging family members, we hope you'll find something valuable here.

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Podcast Timeline

01:54 "Eternal Consciousness": Using AI to build personal memory museums

02:30 Targeting Hong Kong's wealthy, 1 million RMB price tag — how do you sell?

04:14 Why pay 1 million for an AI-written biography when humans can write them too?

06:03 Customers aren't buying because of AI, but AI enables stunning presentation

09:32 How information is collected for the memory museum

12:32 Landing the first client: a securities trader who wanted to renovate his family ancestral hall

15:50 Client story: An 80-something professor wanting to leave more memories for his children

18:21 Client story: A real estate tycoon, his hidden emotions surfaced by AI

19:32 Client story: A feng shui master wanting to pass down his craft through AI

23:30 Client story: A son buying for his mother, hoping to preserve more memories together

27:01 Competitive moats: channels, technology, and service

30:15 Client feedback: The elderly feel truly listened to, their appetites even improve

32:23 Client feedback: The feng shui master discovers AI can do more than just calculate — experiencing rare companionship

34:31 "Being seen is the greatest respect"

37:05 When you hear an 80-year-old say: "If only I were 20 years younger"

38:31 New understandings of life, having heard so many elderly people's stories

39:16 New perspective on AI entrepreneurship: When both technology and industry are still early, there's more room for people and service

43:45 Similar products abroad: LifeStory

45:32 Exploring the preservation and downloading of human memory

50:10 Who else worldwide is offering high-price AI-based memory preservation services?

53:53 Is memory a good entry point for AI products?

56:11 What's the underlying desire behind spending 1 million to document a life?

59:15 When information about a person expands sufficiently, we can reconstruct a person from data

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