Numerai
Numerai is an AI-run, crowd-sourced hedge fund based in San Francisco. It was created by South African technologist Richard Craib in October 2015. Its primary competitors are other open source trading platforms mainly QuantConnect, Quantopian & WorldQuant.
Numerai’s trades are determined by an AI, which is fueled by a network of thousands of anonymous data scientists.
Numerai's investment group was led by Howard Morgan of Renaissance Technologies, and its investors include Naval Ravikant.
Numerai hosts a weekly tournament, in which data scientists submit their predictions in exchange for the potential to earn some amount of USD and cryptocurrency called Numeraire. Numerai raised $7.5 million in 2016 in two funding rounds.
