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 San Francisco-based hedge fund says combining artificial intelligence and blockchain technology can provide an edge over traditional trading platforms. Bitcoin’s price has surged over the past year, but it remains a volatile asset with no central bank or regulator to regulate it.
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. Bitcoin’s price has surged over the past year, but it remains a volatile asset with no central bank or regulator to regulate it.