Numerai

The New Wolves of Wall Street: Cooperating AI Entities

July 3, 2017 James Heinsman Hedge Fund News

According to Adam Smith, something called the “invisible hand” controlled the ebbs and flows of the free market. This so-called hand was the way Smith referred to the power which pushed the market towards equilibrium as huge numbers of self-interested individuals interacted with that free market. This concept is about to take on a new […]

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Adam Smith, artificial intelligence, crowd sourcing, Numerai, Numeraire,

Crowd-Sourced Hedge Fund Gaining Interest and Profits

January 2, 2017 James Heinsman Hedge Fund News

Richard Craib had a new idea: Perhaps high-tech’s “masters of the universe” can outperform the old-fashioned, finance guys who predominate on Wall Street? To test his theory Craib, a former hedge fund manager, started Numerai last year. It is a crowdsourced hedge fund which hopes to bring over the best thinkers from places like Google, […]

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Andy Weissman, bitcoin, crowdsourcing, First Round Capital, Numerai,