Numerai

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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 decentralized digital platform that uses machine learning to predict the stock market. Its investors include Union Square Ventures and Brian Armstrong, founder of Coinbase.[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 Bittrex, Upbit, Poloniex, HitBTC, and IDEX.[5]

References