Hi All,
I recently listened to an episode of This Week in Startups (podcast) which featured Richard Craib, the founder of Numerai. It's an interesting concept - a hedge fund that provides anonymous data structures pulled from the stock market to (also anonymous) data scientists who use the data to predict the next values based on patterns. The hedge fund then takes all of the predictions, uses AI (artificial intelligence) to determine who micro investments to make in the stock market, and then any profits are paid out to the data scientists with the best predictions.
Their method to trading is extremely scientific and it seems to have worked for them so far.
The company recently came out with a cryptocurrency called Numeraire focused on creating a collaborative finance environment rather than a cut throat competitive one.
I don't know much about data science but this looks pretty interesting.
Let me know what you think!
Numerai official website:
https://numer.ai/