Difference between revisions of "Numerai"

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Numerai is a decentralized digital [[platform]] that uses machine learning to predict the stock market. Its investors include Union Square Ventures and [[Brian Armstrong]], founder of [[Coinbase]].<ref>{{cite web|url=https://numer.ai/|name=The hardest data science tournament on the planet.|org=Numerai|date=September 30, 2019}}</ref><ref>{{cite web|url=https://www.linkedin.com/company/numerai/about/|name=Numerai|org=LinkedIn|date=September 30, 2019}}</ref>   
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Numerai is a hedge fund that uses machine learning to predict the stock market. Its investors include Union Square Ventures and Fred Ehrsam, co-founder of [[Coinbase]] and [[Paradigm]].<ref>{{cite web|url=https://numer.ai/|name=The hardest data science tournament on the planet.|org=Numerai|date=September 30, 2019}}</ref><ref>{{cite web|url=https://www.linkedin.com/company/numerai/about/|name=Numerai|org=LinkedIn|date=September 30, 2019}}</ref>   
  
 
== Overview ==
 
== Overview ==

Revision as of 11:20, 1 October 2019

Numerai
Numerai-logo.jpg
Founded 2015
Headquarters San Francisco, CA
Employees 11-50
Products Hedge Fund, Machine Learning, and Artificial Intelligence
Twitter @numerai
LinkedIn Profile
Website Numer.ai
Releases Company News

Numerai is a hedge fund that uses machine learning to predict the stock market. Its investors include Union Square Ventures and Fred Ehrsam, co-founder of Coinbase and Paradigm.[1][2]

Overview

Numerai is essentially a crowdsourced, passively-managed hedge fund. Its model functions like a weekly competition in which data scientists compete to code the most effective model for predicting price movements in the stock market. Predictions are scored on a public leaderboard, and the participants with the best-performing models are given Numeraire (NMR), a cryptocurrency that is native to the Numerai platform. The data provided by the best-performing models of the previous week are then used to manage the hedge fund.[3][4]

NMR is currently tradeable on five exchanges: Bittrex, Upbit, Poloniex, HitBTC, and IDEX.[5]

References