Numerai

Numerai is an AI-run, crowd-sourced hedge fund based in San Francisco.[1] It was created by South African technologist Richard Craib[1] in October 2015.[2] Its primary competitors are other open source trading platforms mainly QuantConnect, and WorldQuant.

Numerai’s trades are determined by an AI, which is fueled by a network of thousands of anonymous data scientists.[3][4]

Numerai's investment group was led by Howard Morgan of Renaissance Technologies,[5] and its investors include Naval Ravikant.

Numerai hosts a weekly tournament,[6] in which data scientists submit their predictions in exchange for the potential to earn some amount of USD and cryptocurrency called Numeraire. Numerai raised $7.5 million in 2016 in two funding rounds.

The company was the world’s first AI hedge fund to create its own cryptocurrency.[7]

References
  1. "An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source". WIRED. Retrieved 2017-08-09.
  2. "Numerai | crunchbase". www.crunchbase.com. Retrieved 2017-08-09.
  3. "An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source". WIRED. Retrieved 2017-08-09.
  4. Roof, Katie. "Numerai is a crowdsourced hedge fund for machine learning experts | TechCrunch". Retrieved 2017-08-09.
  5. "Artificial intelligence-focused Numerai raises $1.5m". Financial Times. April 18, 2016.
  6. "Numerai". numer.ai. Retrieved 2018-05-18.
  7. Andrew Seale (2018-01-11). "Numerai becomes the world's first AI hedge fund to create its own cryptocurrency". Firmex Resources. Retrieved 2020-10-11.
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