How are Numerai competing to become the hedge fund with the greatest talent pool? @richardcraib explains! Full episode here 👇 https://www.infiniteloopspodcast.com/richard-craib-how-to-open-source-finance-ep169/
“If you ask a user, ‘Please wire me $100,000 and I promise I won't steal it.’ That's not as good as a blockchain system that says stake your model.” — @richardcraib Full episode here 👇 https://www.infiniteloopspodcast.com/richard-craib-how-to-open-source-finance-ep169/
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 - https://numerai.fund/ - Richard’s Twitter - https://twitter.com/richardcraib?s=21&t=98b6M5KTDwZJ4hwFwVcsaQ Show Notes: 0:00:00 Intro 0:01:28 Main podcast 0:03:13 The genesis of Numerai 0:07:53 How and why Numerai gives away its dataset 0:17:19 Getting users to put skin in the game 0:21:31 How Numerai scores users; becoming comfortable with the process 0:25:38 Size limits & leverage 0:28:48 Reactions to Numerai 0:31:53 Numerai’s cryptocurrency 0:36:19 How Numerai differs from Quantopian 0:38:08 Data, optimization & LLMs 0:47:16 “Monopolize intelligence, monopolize data, monopolize money, and decentralize the monopoly” 0:53:30 Numerai’s relationship with its data scientists 1:00:20 What could go wrong? 1:07:20 “Life is long”
Richard Craib is the founder of Numerai, a crowd-sourced, AI-run stock trading system. Please support this podcast by checking out our sponsors: - Audible: https://audible.com/lex to get $9.95 a month for 6 months - Tryolabs: https://tryolabs.com/lex - Blinkist: https://blinkist.com/lex and use code LEX to get 25% off premium - Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil EPISODE LINKS: Richard's Twitter: https://twitter.com/richardcraib Numerai's Twitter: https://twitter.com/numerai Numerai's Website: https://numer.ai PODCAST INFO: Podcast website: https://lexfridman.com/podcast Apple Podcasts: https://apple.co/2lwqZIr Spotify: https://spoti.fi/2nEwCF8 RSS: https://lexfridman.com/feed/podcast/ Full episodes playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOdP_8GztsuKi9nrraNbKKp4 Clips playlist: https://www.youtube.com/playlist?list=PLrAXtmErZgOeciFP3CBCIEElOJeitOr41 OUTLINE: 0:00 - Introduction 2:28 - WallStreetBets and GameStop saga 16:41 - Evil shorting and chill shorting 18:47 - Hedge funds 24:20 - Vlad 31:16 - Numerai 58:32 - Futre of AI in stock trading 1:04:11 - Numerai data 1:07:53 - Is stock trading gambling or investing? 1:11:48 - What is money? 1:15:05 - Cryptocurrency 1:18:22 - Dogecoin 1:22:52 - Advice for startups 1:38:43 - Book recommendations 1:40:45 - Advice for young people 1:44:46 - Meaning of life SOCIAL: - Twitter: https://twitter.com/lexfridman - LinkedIn: https://www.linkedin.com/in/lexfridman - Facebook: https://www.facebook.com/LexFridmanPage - Instagram: https://www.instagram.com/lexfridman - Medium: https://medium.com/@lexfridman - Reddit: https://reddit.com/r/lexfridman - Support on Patreon: https://www.patreon.com/lexfridman
Why is crowdsourced data + machine learning an especially good formula for decoding Wall Street? Let Richard Craib fill you in! Full episode here 👇 https://www.infiniteloopspodcast.com/richard-craib-how-to-open-source-finance-ep169/
Why is Numerai so innovative? Obfuscated data. @richardcraib explains Full episode here 👇 https://www.infiniteloopspodcast.com/richard-craib-how-to-open-source-finance-ep169/