Jim O'Shaughnessy on How AI Will Change Everything From Arts to Stocks
May 9, 2024
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Jim O'Shaughnessy, an investing expert, discusses the evolution from manual to quantitative investing, success stories from OSAM, values-based investing, challenges in financial modeling, the AI revolution in filmmaking, and empowering global geniuses through fellowship programs. He explores the transformative potential of AI, the importance of data quality, and the human element in quantitative decision making.
O'Shaughnessy Ventures aims to disrupt traditional publishing by empowering authors with higher book revenues through AI-driven translation and voice modeling.
Infinite Films seeks to revolutionize filmmaking by enabling indie filmmakers to produce quality content cost-effectively and equitably compensate contributors.
The O'Shaughnessy Fellowship program supports undiscovered talent globally, fostering creativity and innovation across various domains with grants and no strings attached.
Deep dives
Revolutionizing Publishing with Data-Driven Approaches
Infinite Books, part of O'Shaughnessy Ventures, aims to transform the traditional publishing industry obsolete by leveraging tech tools to provide authors with more significant shares of book revenues. Through AI-driven translation and voice modeling, authors can reach global markets and create audio versions in multiple languages while retaining a majority of the proceeds.
Empowering Independent Filmmakers with Cutting-Edge Technology
Infinite Films, another vertical under O'Shaughnessy Ventures, seeks to revolutionize the filmmaking industry by harnessing advanced tech tools that enable indie filmmakers to produce quality films cost-effectively. By offering back-end points to all contributors and focusing on narrative-driven narratives, they aim to inspire creativity and provide equitable compensation.
Discovering and Cultivating Genius Through Innovative Fellowships
The O'Shaughnessy Fellowship program identifies and supports undiscovered talent globally, offering grants with no strings attached to ingenious individuals irrespective of their background or credentials. These fellowships aim to uncover and nurture brilliance that might have previously gone unnoticed, fostering creativity and innovation across various domains.
Adapting Old Playbooks to a Modern Landscape
O'Shaughnessy Ventures adapts to the 'Great Reshuffle,' where traditional models are challenged by evolving technologies and platforms. Embracing a work-from-anywhere ethos, they invest in transformative ventures across industries like film, publishing, and talent cultivation, leveraging cutting-edge tech to lead the shift from outdated strategies to dynamic and inclusive opportunities.
Supporting Diverse Innovators
Encouraging cognitive diversity is highlighted, emphasizing the importance of bringing together bright and varied individuals in a fellowship to foster extraordinary ideas and breakthroughs. An example of an accountant from India named Just, who pursued music and gained massive popularity, showcases how grant programs can empower talent without specific expectations of outcomes, resembling the MacArthur Genius Awards approach.
AI's Impact Across Industries
The transformative potential of AI, particularly in drug discovery and repurposing, is discussed as a game-changer due to its ability to analyze molecular combinations rapidly. The importance of combining human insights with AI prowess is stressed for superior outcomes, illustrated by startups like WAND facilitating artists to iterate and enhance their work through the fusion of human creativity and AI tools.
Bloomberg Radio host Barry Ritholtz speaks to Jim O'Shaughnessy, founder and CEO of O'Shaughnessy Ventures LLC. He is also chairman of the board at Stability AI. He is the host of the Infinite Loops podcast and the author of Invest Like the Best, What Works on Wall Street, How to Retire Rich and Predicting the Markets of Tomorrow.
