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The Acquirers Podcast

Jim O'Shaughnessy on AI, ventures, publishing, markets and his new book Two Thoughts | V:AH S07 E02

Jan 20, 2025
Jim O'Shaughnessy, an investor and entrepreneur known for his quantitative value investing expertise, dives into an array of fascinating topics. He examines the revolutionary impact of AI in ventures and the gaming industry, particularly through the lens of the game Go. O'Shaughnessy highlights the power of optimism and innovation, referencing historical bets that showcase human ingenuity. He also discusses curating literature to influence AI's outlook, while emphasizing the intersection of finance history and tech advancements in shaping the future of investing.
01:02:55

Podcast summary created with Snipd AI

Quick takeaways

  • AI's evolution in gaming, exemplified by AlphaGo's learning approach, showcases its capacity for discovering strategies beyond human capabilities.
  • The distinct cognitive processes of AI present unique opportunities and challenges in investing, highlighting the value of collaboration between AI and human decision-makers.

Deep dives

The Evolution of AI in Games

AI has undergone a significant transformation, particularly evident in its application to games like Go. Unlike chess, where computer Deep Blue relied on sheer brute force computing every possible move, AlphaGo introduced a new approach by simply teaching the AI the basic rules of Go. Following this, AlphaGo played millions of games against itself, a process that allowed it to discover strategies beyond human capabilities, eventually defeating top human players. This illustrates how AI's capacity for learning from experience rather than just relying on historical data fundamentally reshapes our understanding of intelligence.

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