Quizz answers :
1. A global community of data scientists
2. Back up of data scientists
What is NMR?
Numerai is an AI-run, crowd-sourced hedge fund based in San Francisco. South African technologist Richard Craib created it in October 2015. Its primary competitors are other open-source trading platforms mainly QuantConnect, and WorldQuant.
The Numerai Tournament is where you build machine learning models on abstract financial data to predict the stock market. Your models can be staked with the NMR cryptocurrency to earn rewards based on performance.
The staked models of Numerai are combined to form the Meta Model, which controls the capital of the Numerai hedge fund across the global stock market.
An AI-fueled determines Numerai’s trades 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.
The company was the world’s first AI hedge fund to create its own cryptocurrency.