Month: March 2024

OWC landed coverage for aShareX in Chief Investment Officer

Sharing Is Caring

If the art world is any indication, fractional ownership markets can also end up, well, highly fragmented. The art market is no stranger to the involvement of investment funds in acquiring works, and in 2017, a firm called Masterworks LLC made a splash with its fractional investment offering. Since then, however, pricing structures and investment interest have evolved, leading to several new entrants, including recent newcomers InversionArt Inc. and aShareX Inc.

Alan Snyder, aShareX’s founder and CEO, says the platform grew out of his prior work creating marketplaces for other financial products, including insurance, credit cards and art lending—a type of direct lending based on the value of a portfolio of artworks.

“Our approach is designed to do more than offer an arbitrary value of a piece; it’s meant to support price discovery and offer true market-based pricing by allowing fractional owners to go head-to-head with traditional buyers,” Snyder says, adding that the lower total cost has garnered some early attention from institutions and high-net-worth investors that did not find alignment with other art funds.

“This is a market that has a lot of interest, and we’re providing a way to access it,” Snyder says. “From institutions, we’re seeing interest in both the tech stack that runs the auctions and the market itself. We think it’s a long-term opportunity and a market that will continue to develop.”

Read the full article: Are Esoteric Asset Classes the New Hedges?

Is Now the Time to Staff Up With AI? | eNews from OWC

Your next intern could be AI. Generative AI platforms like ChatGPT or Gemini offer a seismic shift for business, and it’s high time to give the sister of Cortana and Siri a chance in the office. As with any intern, supervision and rules are required.

Phi Beta Kappa Newbie: Think of Generative AI as an intern fresh out of college. It knows the answers but not the questions. It’s smarter than we are but dumb as a post without us. AI isn’t a leader but a follower, adeptly guided by its user’s prompts.

Prompting, the New Skill: Efficiently guiding AI through prompts can swiftly handle mundane tasks, test ideas and broaden creativity. AI prompts range from editing requests (“Please make this shorter” – be polite to ChatGPT) to initiating inquiries (“What are the challenges in rural healthcare?”) or exploring complex business scenarios (“Outline the strategy for launching a new tech product line”). In 2024, mastering prompt creation is a sought-after skill. Check out these prompting tips from WIRED.

AI is a Helping Hand, not a Crutch: AI is ideal for content creation, strategy and planning, but not fully dependable for research and statistics. This is partly due to ‘hallucinations,’ the term used when AI attempts to mimic patterns from extensive data, generating inaccurate information. It excels in pattern recognition, drawing from a pool of widespread usage rather than individual queries alone. When instructed with negative commands like ‘don’t’ or ‘no,’ AI can misinterpret and do the opposite, highlighting its reliance on educated prompts.

Can it Save Time and Improve Quality?: Yes, almost 70% of managers agree that AI’s role in generating initial drafts gives their human writers more time to produce better work. It kick-starts the creative process, breaks writer’s block and generates instant progress.

Say No to ‘AI-Anxiety’: Generative AI is in its infancy but has already become a valuable tool in any workspace. As professionals and humans, our job now is to learn to collaborate and foster a partnership for success.

As for the bottom line, ChatGPT as a new intern is about $20 a month. We think every human employee should have one and begin a personal partnership. How? To quote Fred Cook, director of USC Annenberg Center for Public Relations, in his recent Talk PR interview – “just play with it.”

At OWC, we are

IN THE NEWS

OWC secures coverage on Today.com

OWC secured a feature in the Today Show’s online edition for an Abiomed patient who suffered heart failure from COVID-19 and was treated with the Impella heart pump, allowing her heart to rest and recover. Read the full story here.

Gulp Data joins OWC client roster

OWC’s new client is Gulp Data, a leader in data valuation, data loans, and data monetization. Gulp Data has conducted thousands of data valuations and helped companies identify hundreds of millions of dollars in data revenue. Learn more about Gulp Data here.

ABC 10 Sacramento features Abiomed

OWC landed a segment on ABC 10 Sacramento for an Abiomed patient who suffered a heart attack and recovered with the help of the Impella, the world’s smallest heart pump. Watch the full segment here.

Talk PR: An interview with PR maven Fred Cook | eNews from OWC

Fred Cook is the Director of the USC Annenberg Center for Public Relations and Chair Emeritus at Golin, where he served as CEO and worked with industry scions including Herb Kelleher, Jeff Bezos and Steve Jobs and managed clients including Nintendo, Toyota and Disney.

I talk to Cook about the impact of AI on public relations and research from the USC Relevance Report on the latest episode of Talk PR.

Click the video above for the full interview.