Numerai Founder Richard Craib joined us to discuss his radical project to build a hedge fund with network effects. Numerai manages its portfolio by giving its data in encrypted form to data scientists who compete to create the best predictions and get paid with cryptocurrencies. Numerai expects to radically alter the structure of the hedge fund and asset management industry.
Topics covered in this episode:

How hedge funds work and what trends effect them
Quantitative trading and the role of AI in investing
How Numerai uses crowdsourcing and AI to manage its portfolio
How Numerai lets data scientists build models without knowing the underlying data
The Function of Numerai’s own token Numeraire
Why Numerai is switching from paying data scientists in Bitcoin to Ethereum
Numerai’s crazy goal of managing all the money in the world

Episode links:

Numerai
Numerai Whitepaper
An AI Hedge Fund Goes Live On Ethereum – Numerai – Medium
A New Cryptocurrency For Coordinating Artificial Intelligence on Numerai
Encrypted Data For Efficient Markets
Building the Numerai Meta Model
Introducing Numeraire

This episode is hosted by Brian Fabian Crain and Meher Roy. Show notes and listening options: epicenter.tv/191