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Numerai

Numerai

Numerai is a hedge fund whose stock market trades are determined by crowdsourced artificial intelligence models. The best models receive rewards in the form of a cryptographic token called Numeraire (NMR) on the Ethereum blockchain.

Numerai is a hedge fund built by data scientists. Its trades are governed by artificial intelligence created by an open community of data scientists. Richard Craib founded Numerai in October 2015 in San Francisco, California.

Funding

Numerai raised $7.5 million in venture capital funds from Union Square Ventures, Joey Krug, Juan Benet, Fred Ehrsam and Olaf Carlson-Wee.

Platform

The platform transforms and regularizes financial data into machine learning problems for the network of data scientists to synthesize. Based on their contributions, data scientists are ranked and rewarded with Numeraire, cryptographic tokens.

Timeline

People

Name
Role
Related Golden topics

Ash Fontana

Advisor

Advisor

Geoffrey Bradway

Howard Morgan

Advisor

Joey Krug

Advisor

Advisor

Naval Ravikant

Investor

Advisor

Peter Diamandis

Advisor

Founder

Further reading

Title
Author
Link
Type

An AI hedge fund created a new currency to make wall street work like open source

Cade Metz

Numeraire: A Cryptographic Token for Coordinating Machine Intelligence and Preventing Overfitting

Richard Craib, Geoffrey Bradway, Xander Dunnwith Joey Krug

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References