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Numeraire (NMR)
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Conceptual Model

Numerai manages an institutional grade long/short global equity strategy for the investors in our hedge fund. They transform and regularize financial data into machine learning problems for their global network of data scientists.Their data scientists don't need capital, data, or finance domain knowledge to compete on Numerai. Numerai investors provide the capital, and Numerai embeds their finance domain knowledge into the design of their datasets.

Founders and Associates

Peter Diamandis

Ash Fontana

Joey Krug

Dr Norman H. Packard

Dr Vitaly Shmatikov

Dr Arvind Narayanan

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NMR Latest Updates
December 03, 2018

Redesigning Ethereum’s Most Used Token

Sign up to receive updates on Erasure on erasure.xxx.Ask me anything on Reddit tomorrow. I’m doing an AMA on r/ethereum on 12/4/2018 at 11am California time. See you there.Fred Ehrsam, co-founder of Coinbase and Richard Craib, founder of Numerai introduce Erasure.

From: NMR

October 04, 2018

Numerai reveals Erasure: unstoppable, peer to peer data feeds

The Numeraire token is about to become the cryptocurrency of the entire hedge fund industry. Today, Numerai is announcing a new unstoppable data marketplace called Erasure.https://medium.com/media/bf31829c7cc9fdba5bd24d71a6cf5f83/hrefInformation Is TrappedImagine you have done research on...

From: Richard Craib

An Unstoppable Predictions Marketplace — Introducing Erasure

An Unstoppable Predictions Marketplace — Introducing ErasureThe Numeraire token is about to become the cryptocurrency of the entire hedge fund industry. Today, Numerai is announcing a new unstoppable data marketplace...

From: Richard Craib

July 20, 2018

Game Theory Optimal Play for the Numerai Competition

Over the last few months I’ve worked as an intern at Numerai. If you haven’t heard of Numerai, it’s a hedge fund that is innovating far beyond the status quo of the financial industry. We run a data science tournament where anyone in the world can download our training data and try to...

From: Ben Brimacombe

July 12, 2018

How to scale 16x in 6 months on Ethereum

Startup. Big vision. Fast moving industry. Product market fit. It’s time to scale.I lead the engineering team at Numerai. This is the story of how we grew our data science tournament, and how we scaled NMR to become the most used staking token on Ethereum.Pick one key metric and set an...

From: Anson Chu

May 09, 2018

Numerai’s New Token Supply

Numerai just locked up 3 million NMR tokens (worth ~$45 million) until 2028; here’s why.In a cryptoeconomic application, users make choices about what to do with a crypto token — that’s the crypto part. But the token needs to be a scarce resource for these decisions to be...

From: Richard Craib

February 10, 2018

Numeraire, The Cryptocurrency Powering The World Hedge Fund

In 2017, Numerai released a new API that allows people around the world to submit predictions from machine learning models to power our hedge fund.In 2018, we are focussing on our cryptocurrency, Numeraire (NMR). We are going to make NMR more valuable to use, and we are going to dramatically...

From: Richard Craib

November 01, 2017

Getting Started with Numerai’s New Tournament API

Update: Now that API tokens have been released, the authentication flow has changed. This post has been edited to reflect the new way.Today, Numerai released a new API to interact with our tournament. For more about the scope and purpose of this API, check out our Master Plan. Here, I’m going...

From: Philip Monk

October 13, 2017

Numerai’s Master Plan

When Numerai launched in December 2015, it was a one page website that looked like a Kaggle data science competition except everything was black and more cinematic. We didn’t want it to look like any other hedge fund in the world — because we weren’t. We spent all this time on design...

From: Richard Craib

September 13, 2017

Open Sourcing Model Evaluation on Numerai

Today, Numerai is open sourcing our originality, concordance, and consistency criteria. The code may be found here.In Numerai’s tournament, data scientists compete to build machine learning algorithms that power our hedge fund. In order for a submission to be eligible for payout, it must be...

From: Philip Monk

June 21, 2017

An AI Hedge Fund Goes Live On Ethereum

In February, Numerai announced Numeraire, a cryptographic token to incentivize data scientists around the world to contribute artificial intelligence to our hedge fund (see Forbes, Wired, Smith+Crown). Earlier today, the Numeraire smart contract was deployed to Ethereum, and over 1.2 million...

From: Richard Craib

May 25, 2017

Numerai’s New Tournament to Crowdsource the Future of the Stock Market

The traditional crowdsourced machine learning tournament depends on a holdout dataset. The holdout data is some historical data known to the tournament organizer and unknown to the data scientists participating in the tournament. Data scientists’ submissions are graded and paid based on their...

From: Xander Dunn

February 21, 2017

A New Cryptocurrency For Coordinating Artificial Intelligence on Numerai

One hour ago, 12,000 data scientists were issued 1 million crypto-tokens to incentivize the construction of an artificial intelligence hedge fund. Here’s why.Benevolence of the brokerMarkets work not because anyone is trying to make them work. No one trading in a market is trying to make...

From: Richard Craib

October 06, 2016

Rewarding intelligence

Beginning today, earnings will be determined by how much a model improves Numerai’s meta model, rather than a function of logarithmic loss.Problems with logarithmic lossBecause earnings were determined by performance on a single metric, Numerai data scientists began submitting duplicate...

From: Alex Mingoia

August 30, 2016

Super Intelligence for The Stock Market

Numerai is synthesizing machine intelligence to command the capital of an American hedge fund. Here’s how.https://medium.com/media/0d1de3f40d46e64d656f3ed6579e2610/hrefCombining IntelligenceIn the late 90s and early 2000s, new algorithms such as AdaBoost and Random Forests made breakthroughs...

From: Richard Craib

June 21, 2016

Rogue Machine Intelligence and A New Kind of Hedge Fund

On February 27th 2016, an artificial intelligence named NCVSAI joined Numerai. His creator downloaded encrypted stock market data, trained a machine learning model, and began submitting stock predictions to Numerai. He uses an untraceable email address. He doesn’t share any code. He is...

From: Richard Craib

January 07, 2016

Encrypted Data For Efficient Markets

By the end of this article, you’ll understand how Numerai is using advances in structure-preserving encryption to allow for open participation in the problem of stock market efficiency.Some MNIST Handwritten DigitsOver the last few years, machine learning algorithms solved big problems in...

From: Richard Craib