Numerai is an AI-run, crowd-sourced hedge fund based in San Francisco. It was created by South African technologist Richard Craib in October 2015
Numerai’s trades are determined by an AI, which is fueled by a network of thousands of anonymous data scientists.
Numerai hosts a weekly tournament, in which data scientists submit their predictions in exchange for the potential to earn some amount of USD and cryptocurrency called Numeraire. Numerai raised $7.5 million in 2016 in two funding rounds.