FinTech Magazine August 2024 | Page 33

09 NUMERAI

09 NUMERAI

VALUATION : US $ 10.4M EMPLOYEES : 48 CEO : RICHARD CRAIB FOUNDED : 2015
Numerai is a hedge fund that crowdsources stock market predictions by running data science tournaments . Data scientists use clean , obfuscated data to build machine learning models , which are then combined into a metamodel to predict the stock market . Participants can stake their models with Numerai ’ s cryptocurrency , NMR , to earn rewards . This innovative approach integrates thousands of models , enhancing prediction accuracy and creating a decentralised , collective intelligence to manage investments .
Richard Craib , CEO , Numerai fintechmagazine . com 33