"well hello everyone it's Jim O'Shaughnessy with another edition of infinite loops wait a minute this is the special edition that is meant to coincide with the launch of O'Shaughnessy Ventures and the ..."

"sure and thank you for guest hosting for me I really appreciate it I'll send you my bill um so O'Shaughnessy Ventures has been something that has been uh like in my mind for probably the last 10 years..."

"I want to do this this is something that is very meaningful to me and you know the opportunity to demonstrate that there you know the world we live in is kind of magical in a way and you know the drum..."

"as the new playbook and run it you and I have spent our whole careers as fiduciaries managing other people's money and that's still all of my time I'm really curious to hear your decision around wheth..."

"will um and that's one of the aspects of this that excites me the most because uh we're going to run a fellowship it's going to be a hundred thousand for a year and the person who gets that Fellowship..."

"talk come back to the fellowships and and some of the other ideas in a minute but since that one has already happened it's in motion it's in progress It's been an interesting story obviously a huge a ..."

"applications not just in generative art but across the Spectrum using the tools of the stable diffusion model so I passionately believe that for AI to serve us humans we need as many humans having inp..."

"which for much of human history that was pretty true given the the very static nature of many societies so this is a classic example of a I want open AI to win and so I kind of take a stoic mindset ab..."

"literally I met Iman the founder and spent the entire day with him in New York and said okay I'm in um and that's a great example back to the fiduciary now we had done a lot of due diligence on him an..."

"so risky sure absolutely uh but I think you know just what I even if this thing entirely fails and it zeros out what I will have learned from being involved deeply in this process I'm the executive ch..."

"can't do any of these things but when I get the tools that I can use imagine me you know about a story treatment that I have that I've had forever and your sister wants to help on it's called the trus..."

"what's right what's but then secondly um people you know human OS what if I said to you hey Patrick I want you to devote two years of your life to a hypothesis that we know is going to be a null set y..."

"and like that to me that is what I find just so incredibly exciting final thing there we also believe that right now ai has a very Western bias um essentially you know the weirdest people in the world..."

"you the most but I'm good bad I'm sure you want to take it I'll I'll tell you what surprised me the most uh and it actually is a really good thing I had a pretty cynical view of big Tech um because yo..."

"variety of people working on the problem because again this guy or woman is really good at identifying I'll give you an example so when I went to London I won't name him but I met this charming young ..."

"as you know I I just think trying to like say no you can't do that because you know you don't have the right degree or you're not from the right University or whatever um creativity doesn't need any o..."

"January 1st of 2023. maybe Orient people by giving them a snapshot of what osv will look like on 1123 approximately sure and talk about and then at a high level talk about what will happen in the next..."

"starting with infinite films it's the first vertical that was because as you know I love movies um I've been discussed it with the fact that Hollywood doesn't make Rudy anymore it really bothers me th..."

"kind of a savant for cryptology and so they assigned him to the NSA he broke one of the first big cyber cases he was the only guy on the team who didn't have a PhD and all the phds were like what are ..."

"days of people staying at the same firm and getting a gold watch are done I think people are going to have multiple careers with multiple groups and so that's the way I call it the Swarm right so we n..."

"because the Hollywood system is still kind of like a medieval Guild Association they get something maybe even more valuable to them and that is the credit as you know you got to have three appearances..."

"um but again super exciting because it'll give me the tools for all these ideas that I've had plus all the other brilliant people with great stories out there uh the next vertical is infinite media um..."

"going to be opportunities to like roll up some podcasts not in a venture methodology but more like a bond like I think we can put together a package of podcasts and make offers to the podcaster where ..."

"explain it to their LPS so that's kind of the business model there um and then we're doing these things that are based on um I was reading about Atlantis and I think um Francis Bacon's book uh which w..."

"right like I'm sure that there's somebody in Nairobi who wants to study molecular biology I'd love to give her a scholarship uh or a fellowship because there are so many people that have that are burs..."

"going to see originally there'll be new stuff coming in and like one of the other things we're going to do is we're going to be very transparent about our mistakes so if we have an investment that goe..."

"some of we saw before the fall um and I got a huge offer from a big Wall Street bank and I turned it down because you know I knew that I could get it from the pure internet guys and uh I'm gonna take ..."

"what is your philosophy here on how to assemble a team anything unique that you're doing here borrowing from past experience where to find these people yeah talk us through like who who osv will be ye..."

"our people so infinite films when we have the website we're gonna advertise are you a director are you a screenwriter are you all of these things and it's our experience in other things where we've lo..."

"somebody to run each of these verticals because as you know running several Enterprises you got to have somebody who's in charge of the nuts and bolts but first I gotta prove my hypothesis that I'm go..."

"fellows I mean if you're ambitious you're going to apply for a hundred thousand dollar free money uh Fellowship where you get to work on anything you want to work on um so in fact we've already been l..."

"goes and they had Millennia and failed every single time he said there was only one system that actually delivered on its promise and that was the free market um I believe because it's most in line wi..."

"Mind Body problems and they there's an epidemic like literally if you look at the math how much it costs just the us alone for lost time at work for all of these things and the suffering having had a ..."

"kind of tasting menu of of different Pursuits that's a great question um I think originally the two that are going to take my most of my time and attention are the adventure Capital side um and oddly ..."

"great outcome so those two are going to probably take the most of my time at least for the first couple of years then ultimately just like what's going to be the greatest joy the greatest joy is just ..."

"what animates me is I think that we are over the next five to ten years like Robber Baron fortunes are going to be made with new companies that have very little to do with the old company or the old P..."

"doesn't matter I know so many rich people who accomplish nothing nothing because why should they I got money well I just I'm not interested in money I'm interested money's technology and and it can he..."