I don't know what to do to take full advantage of it.
The things I normally do on a personal machine can be done with a Raspberry Pi.
Years ago I used to contribute to Linux, Firefox etc (nothing substantial). I'm not sure if I want to go back to that.
For Firefox Mobile (Android), there are infact minor bugs that I face, but the patches for that submitted by other community members haven't been looked into for over a year [1] and this is not the only patch like this, so I'm not sure if I should even bother. I understand they're probably busy and/or overworked and/or have higher priority things to work on.
So I'm looking for suggestions to take advantage of my laptop.
He wanted to create AI, which will predict, what will happen with Ukraine in next years.
But you could try to predict future of your country or your city :)
then again, maybe you can learn native apple development. and contribute something back to work? try multi-gigabytes xcode, iOS simulators, swift, metal, and so on. your m1 resources will deplete fast.