Numerai claims crowdsourcing and bitcoin gives its AI - driven hedge fund an edge . The quant fund trades stocks using predictions submitted by an army of professional AI data scientists that are rewarded in bitcoin based on the success of the investment strategy they submit . The business model allows the company to work with a hundred times more data scientist than would be possible at a traditional hedge fund , according to Richard Craib , CEO of the company .
Numerai claims crowdsourcing and bitcoin gives its AI-driven hedge fund an edge. The quant fund trades stocks using predictions submitted by an army of anonymous crowdsourced data scientists that are rewarded in bitcoin based on the success of the investment model they submit. The business model enables the company to work with a hundred times more data scientist than would be possible at a traditional hedge fund, according to Richard Craib, founder of the company.