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

Products

Product
Description
Website
Industry
Launch date
Erasure (Numerai)

A decentralized data prediction market from Numerai that uses Numeraire as its token.

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People

Name
Role
LinkedIn

Ash Fontana

Advisor

Fred Ehrsam

Advisor

Geoffrey Bradway

Howard Morgan

Advisor

Advisor

Advisor

Naval Ravikant

Investor

Peter Diamandis

Advisor

Further reading

Title
Author
Link
Type
Date

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

Cade Metz

Numerai

Andy Weissman

Web

December 12, 2016

Numeraire, The Cryptocurrency Powering The World Hedge Fund

Richard Craib

Web

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

Richard Craib, Geoffrey Bradway, Xander Dunnwith Joey Krug

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

Richard Craib, Geoffrey Bradway, Xander Dunn, Joey Krug

What is Numeraire (NMR)? Future of Numeraire Cryptocurrency and know how to buy Numeraire

CoinSwitch

Web

Documentaries, videos and podcasts

Title
Date
Link

#191 Richard Craib: Numerai - A Revolutionary Hedge Fund Built on Blockchain and AI

July 11, 2017

Building The Meta Model on Numerai

January 27, 2017

Token Summit II - Numerai with Richard Craib

December 28, 2017

What is Numeraire

June 25, 2017

Companies

Company
CEO
Location
Products/Services

References

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