Disclaimer: The OFIP’s first version was developed by Intelligenxe, Inc. (“the Company”) prior to the Company’s first dissolution.
The Company’s History and Validation of the OFIP Business Model
Since its inception in 1999, Intelligenxe, Inc. (“the Company”) has focused on developing, testing, and optimizing its OFIP business model. As part of this effort, the Company—a former subtenant of the World Trade Center—contracted over 100 young researchers, the majority from top universities. Among them was David R. Rivas, Ph.D., the Company’s founder and the inventor of OFIP, an MIT Ph.D. with many years of Wall Street experience.
The Company self-financed this initial phase of OFIP development and testing using investment banking revenues earned from serving corporate clients. During this phase, the Company also applied OFIP’s earliest concepts to track 40 leading Internet and technology stocks, producing institutional research reports that were widely distributed via Bloomberg, IBES/Thomson Financial, Multex, and Zacks.
In 2001, the Company successfully completed the OFIP development and testing phase. Shortly thereafter, operations ceased and the Company was dissolved due to personal circumstances affecting Dr. Rivas. Around the same time, he finalized the OFIP concept and consolidated the business plan, the OFIP patent filing, and the OPTIMAL FUND patent filing.
Following this, work on OFIP was largely paused for several years, except in 2008, when Dr. Rivas was able to validate the model’s potential with feedback from over 120 finance and economics seniors and graduate students from various U.S. universities. After confidentially analyzing OFIP, these students concluded that the model had the potential to revolutionize Wall Street due to its structural advantages.
In recent years, the rise of artificial intelligence (AI) and the evolution of business models have further confirmed the feasibility—and likely superiority—of the OFIP model. As a result, a renewed movement, or school of thought, has emerged to transform the financial services industry by implementing OFIP within investment and financial firms. This time, however, Wall Street interns could be replaced or augmented by AI agents.
Pre-COVID (prior to 2020), Dr. Rivas believed that the best way to bring OFIP to the industry was through a large-scale relaunch of Intelligenxe, Inc., based on the business plan disclosed in the pre-COVID Evaluation Process (EP), keeping OFIP proprietary and protected by patent rights.
Post-COVID (from 2021 onward), Dr. Rivas concluded that it would be more beneficial to global economies and society to open source OFIP. That is, to publicly disclose its intellectual property and make it freely available—without any patent restrictions—to any institution wishing to benefit from it. In the same spirit, Dr. Rivas has also open-sourced his other two innovations: OPTIMAL FUND and AI-TRADER.
In recent years, Dr. Rivas has primarily focused on developing innovative AI tools and applications by leveraging AI in novel ways, many of which are unrelated to OFIP and span a variety of industries. Through Intelligenxe, Dr. Rivas currently offers the advisory services described on this website.