The Impediment to Open Source Regulations

Richard Craib is the Founder & CEO of Numerai, a new kind of hedge fund where data scientists around the world collaborate to predict equity returns using artificial intelligence. Richard joins the show to discuss Numerai’s origins, how it embraces the spirit of open source, why it has its own cryptocurrency and MUCH more! Important Links:

• Numerai
• Richard’s Twitter

Show Notes:

• The genesis of Numerai
• How and why Numerai gives away its dataset
• Getting users to put skin in the game
• How Numerai scores users; becoming comfortable with the process
• Size limits & leverage
• Reactions to Numerai
• Numerai’s cryptocurrency
• How Numerai differs from Quantopian
• Data, optimization & LLMs
• “Monopolize intelligence, monopolize data, monopolize money, and decentralize the monopoly”
• What could go wrong?
• Numerai’s relationship with its data scientists
• Could Numerai’s model work in any other industries?
• What could go wrong?
• “Life is long”
• MORE!