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.^{[citation needed]} 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.^[2]^[3]

Numerai's investment group was led by Howard Morgan of Renaissance Technologies,^[4] and its investors include Naval Ravikant.^{[citation needed]}

Numerai hosts a weekly tournament,^[5] in which data scientists submit their predictions in exchange for the potential to earn rewards paid in a 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.^[6]

References[]

^ Jump up to: ^a ^b "An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source". WIRED. Retrieved 2017-08-09.
^ "An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source". WIRED. Retrieved 2017-08-09.
^ Roof, Katie. "Numerai is a crowdsourced hedge fund for machine learning experts | TechCrunch". Retrieved 2017-08-09.
^ "Artificial intelligence-focused Numerai raises $1.5m". Financial Times. April 18, 2016.
^ "Numerai". numer.ai. Retrieved 2018-05-18.
^ 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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[MakeWork-1] Jump up to: ^a ^b "An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source". WIRED. Retrieved 2017-08-09.

[2] "An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source". WIRED. Retrieved 2017-08-09.

[3] Roof, Katie. "Numerai is a crowdsourced hedge fund for machine learning experts | TechCrunch". Retrieved 2017-08-09.

[4] "Artificial intelligence-focused Numerai raises $1.5m". Financial Times. April 18, 2016.

[5] "Numerai". numer.ai. Retrieved 2018-05-18.

[6] 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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