Difference between revisions of "Numerai"

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{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
| company_name = Numerai
 
| company_name = Numerai
 
| company_logo =  [[Image:numerai-logo.jpg{{!}}200px]]
 
| company_logo =  [[Image:numerai-logo.jpg{{!}}200px]]
| key_people =     
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| key_people =    Richard Craib, Founder
 
| foundation =    2015
 
| foundation =    2015
 
| location =      San Francisco, CA
 
| location =      San Francisco, CA
| employees =      11-50
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| employees =      20
 
| products =      Hedge Fund, Machine Learning, and Artificial Intelligence
 
| products =      Hedge Fund, Machine Learning, and Artificial Intelligence
 
| twitter =        numerai
 
| twitter =        numerai
| linkedin =      https://www.linkedin.com/company/numerai/
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| linkedin =      numerai
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| facebook =       
 
| facebook =       
 
| homepage =      [https://numer.ai/ Numer.ai]
 
| homepage =      [https://numer.ai/ Numer.ai]
| press =         http://investors.overstock.com/phoenix.zhtml?c=131091&p=irol-news&nyo=0
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| press =      
 
| blog  =         
 
| blog  =         
 
}}
 
}}
  
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>   
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Numerai is a [http://www.marketswiki.com/wiki/Hedge_fund hedge fund] that uses machine learning and a large network of data scientists to predict the stock market.<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> Its investors include Union Square Ventures, Fred Ehrsam, co-founder of [[Coinbase]] and [[Paradigm]], and Howard Morgan, founder of Renaissance Technologies.<ref>{{cite web|url=https://www.forbes.com/sites/laurashin/2017/02/21/this-is-the-worlds-first-cryptocurrency-issued-by-a-hedge-fund/#41bcfdc060b6|name=This Is The World's First Cryptocurrency Issued By A Hedge Fund|org=Forbes|date=October 1, 2019}}</ref><ref>{{cite web|url=https://www.ft.com/content/b743fa8e-034a-11e6-af1d-c47326021344|name=Artificial intelligence-focused Numerai raises $1.5m|org=Financial Times|date=October 1, 2019}}</ref>   
  
 
== Overview ==
 
== 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.<ref>{{cite web|url=https://docs.numer.ai/tournament/learn|name=Tournament Overview|org=Numerai|date=September 30, 2019}}</ref><ref>{{cite web|url=https://medium.com/numerai/game-theory-optimal-play-for-the-numerai-competition-1bb78a43d8d|name=Game Theory Optimal Play for the Numerai Competition|org=Numerai|date=September 30, 2019}}</ref>
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Numerai is essentially a crowdsourced, semi-[http://www.marketswiki.com/wiki/Fund 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.<ref>{{cite web|url=https://docs.numer.ai/tournament/learn|name=Tournament Overview|org=Numerai|date=September 30, 2019}}</ref><ref>{{cite web|url=https://medium.com/numerai/game-theory-optimal-play-for-the-numerai-competition-1bb78a43d8d|name=Game Theory Optimal Play for the Numerai Competition|org=Numerai|date=September 30, 2019}}</ref>
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The way Numerai works, the data submitted to the network is encrypted before it can actually be used. This means that the data scientists working on the network can't see the details of the company's proprietary trades, and the employees running the network can't see who is submitting the data. Numerai plugs the (encrypted) data provided by the scientists in its network into components of otherwise incomplete machine learning models, automatically producing predictive models that can, theoretically, predict price movements of the stock market.<ref>{{cite web|url=https://www.wired.com/2016/12/7500-faceless-coders-paid-bitcoin-built-hedge-funds-brain/|name=7,500 Faceless Coders Paid in Bitcoin Built a Hedge Fund's Brain|org=Wired|date=October 1, 2019}}</ref>
  
 
NMR is currently tradeable on five [[exchanges]]: [[Bittrex]], [[Upbit]], [[Poloniex]], [[HitBTC]], and IDEX.<ref>{{cite web|url=https://coinranking.com/coin/numeraire-nmr/exchanges|name=Exchanges trading Numeraire|org=Coinranking.com|date=September 30, 2019}}</ref>
 
NMR is currently tradeable on five [[exchanges]]: [[Bittrex]], [[Upbit]], [[Poloniex]], [[HitBTC]], and IDEX.<ref>{{cite web|url=https://coinranking.com/coin/numeraire-nmr/exchanges|name=Exchanges trading Numeraire|org=Coinranking.com|date=September 30, 2019}}</ref>
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== Key People ==
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Richard Craib - Founder
  
 
== References ==
 
== References ==

Latest revision as of 14:30, 15 October 2019

Numerai
Numerai-logo.jpg
Founded 2015
Headquarters San Francisco, CA
Key People Richard Craib, Founder
Employees 20
Products Hedge Fund, Machine Learning, and Artificial Intelligence
Twitter @numerai
LinkedIn Profile
Website Numer.ai

Numerai is a hedge fund that uses machine learning and a large network of data scientists to predict the stock market.[1][2] Its investors include Union Square Ventures, Fred Ehrsam, co-founder of Coinbase and Paradigm, and Howard Morgan, founder of Renaissance Technologies.[3][4]

Overview

Numerai is essentially a crowdsourced, semi-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.[5][6]

The way Numerai works, the data submitted to the network is encrypted before it can actually be used. This means that the data scientists working on the network can't see the details of the company's proprietary trades, and the employees running the network can't see who is submitting the data. Numerai plugs the (encrypted) data provided by the scientists in its network into components of otherwise incomplete machine learning models, automatically producing predictive models that can, theoretically, predict price movements of the stock market.[7]

NMR is currently tradeable on five exchanges: Bittrex, Upbit, Poloniex, HitBTC, and IDEX.[8]

Key People

Richard Craib - Founder

References