Numerai

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Numerai
Numerai-logo.jpg
Founded 2015
Headquarters San Francisco, CA
Key People Richard Craib, Founder
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 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]

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.[4][5]

NMR is currently tradeable on five exchanges: Bittrex, Upbit, Poloniex, HitBTC, and IDEX.[6]

Key People

Richard Craib - Founder

References