Report: An AI Hedge Fund Paid for By Bitcoin

Numerai, a hedge fund based in San Francisco, has gained a following since launching this month as the first hedge fund that gives stock market data to machine learning scientists using structure-preserving encryption. The fund allows open participation by data scientists around the world. Founder Richard Craib and his company recently completed their first round of venture funding, led by the New York venture capital firm Union Square Ventures, according to Wired. Union Square has invested $3 million in the round, with an additional $3 million coming from others. Numerai has built a technology that masks the fund’s trading data before sharing it with a community of anonymous data scientists. Using a method similar to “homomorphic encryption,” the technology ensures that the scientists can’t see the details of the company’s proprietary trades, but also…

Link to Full Article: Report: An AI Hedge Fund Paid for By Bitcoin

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