Numerai, an AI-driven hedge fund, has secured a $500 million investment from JPMorgan Asset Management.
Investment from JPMorgan
Numerai confirmed that the allocated funds will be deployed over the next year, with returns tied to its crowdsourced trading models built by thousands of data scientists worldwide.
Numerai Asset Dynamics
Since its inception in 2015, Numerai has expanded its assets under management to approximately $450 million, with most of that growth occurring over the past three years. In 2024, the fund delivered a net return of over 25%.
Synergy between Crypto and AI
Numerai stands out as a fund that blends artificial intelligence, blockchain technology and crowdsourced models. The convergence of these technologies is observed not only in hedge funds but also in other sectors such as cryptocurrency mining.
The investment from JPMorgan highlights the growing interest of institutional investors in crypto-oriented management. The synergy between AI and cryptocurrencies is likely to continue, leading to new opportunities in investment strategies.
