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Numerai is an AI-run, crowd-sourced hedge fund based in San Francisco.[1] It was founded by South African technologist Richard Craib[1] in October 2015.[2]
Numerai’s trades are determined by an AI, which is fueled by a network of thousands of anonymous data scientists.[1][3] The provided time-series data is also cleaned and regularized, which comprises millions of samples and 1191 features that has evolved since their inception. [4] The task is to predict the probability of a given sample yielding positive returns.[5]
Numerai's investors include Paul Tudor Jones,[6] Naval Ravikant, and Howard Morgan of Renaissance Technologies.[1]
In terms of performance, Numerai's hedge fund has achieved positive returns since its inception. According to most recent Bloomberg report,[7] Numerai had received $100 million in inflows in 2022 and returned 20% to investors despite a market downturn that saw the value of several cryptocurrencies erode by more than 90%.
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