Trent McConaghy, a pioneer in AI and cryptocurrency, teams up with Richard Craib, an expert on prediction markets, to explore the evolution and impact of prediction markets in crypto. They discuss how AI has transformed these markets through advanced predictive models. The conversation touches on Numerai's unique crypto hedge fund and the collaborative potential with Predictoor. They also delve into the complexities of user dynamics, the future of decentralized prediction markets, and how AI could solve market inefficiencies.

Quantitative hedge funds (or “quant funds”), which rely on the work of employed mathematicians to develop complex trading strategies, are nothing new. But what if the mathematical work is outsourced to anyone, via a contest where the best predictions are rewarded with cryptocurrency? Richard Craib, founder of Numerai, explains to Azeem Azhar why his $70 million fund uses collective intelligence to perform well, despite the turmoil in the markets. They also discuss: The history and theory of quantitative investing. When collective minds can work better than brilliant individuals. How Richard found himself accidentally explaining how “quant funds” work to Howard Morgan, the co-founder of one of the most successful “quant funds” in the world. @azeem @exponentialview @richardcraib   Further resources: Money in the Metaverse (Exponential View Podcast 2022) Superminds Bridging the Innovation Chasm (Exponential View, 2022) Alien Stock Market Intelligence (Richard Craib, 2022)

Richard Craib, founder of Numerai, dives into how cryptocurrency dismantles the barriers of the outdated financial system. He discusses the role of machine learning in predicting stock movements and how community involvement can revolutionize investment strategies. Craib highlights the generational divide in financial perspectives and the rise of decentralized finance. He also explores the intriguing dynamics of hedge funds, the GameStop surge, and the importance of mindset in navigating today’s complex financial landscape.