Numerai's Distributed AI Model Achieves 5-Fold Valuation as CEO Sets Sights on Becoming the 'Final Hedge Fund'
- Numerai, an AI-driven hedge fund, raised $30M in Series C led by university endowments, valuing it at $500M. - The funding supports expansion, following a $500M capacity commitment from JPMorgan , with AUM surging to $550M. - Its NMR token rose 40% post-announcement, aligning incentives via a decentralized model for global data scientists. - CEO aims to be "last hedge fund" using open AI, amid crypto's shift toward AI agents for autonomous trading. - Valuation discrepancies noted, but highlights Numerai'
San Francisco-based hedge fund Numerai, which utilizes artificial intelligence,
This investment comes after
Numerai’s own token,
Numerai’s recent progress aligns with
Although most outlets report
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