JPMorgan Backs Hedge Fund Numerai with $500M, Fueling Crypto-AI Convergence

JPMorgan Commits $500M to Crypto-Powered Hedge Fund Numerai

The firm announced that JPMorgan Chase’s asset management division will commit as much as $500 million in new capital over the next year — an investment that could more than double Numerai’s current $450 million under management. Crowdsourced Strategies, Crypto Incentives Founded in 2019, Numerai runs its investment engine differently from traditional funds. It sources trading ideas from a global community of freelance analysts, rewarding contri…

Numeraire price jumps 40% as JPMorgan commits $500m to Numerai – #CryptoUpdatesGNIT

Numeraire price is up 40% to near $12.40 after JPMorgan secured $500 million capacity in Numerai. The NMR token jumped to highs last seen in February. JPMorgan’s move sees Numerai more than double its size. Numeraire (NMR), the native token of the San Francisco-based crypto hedge fund Numerai, has surged more than 40% in the past 24 hours after JPMorgan announced investment in the hedge fund. On Aug. 26, the Numerai team announced that JPMorgan …

JPMorgan backs hedge fund Numerai with $500M, fueling crypto-AI convergence – MAXBIT

Numerai, the Paul Tudor Jones–backed hedge fund powered by crowdsourced AI models, has secured a $500 million commitment from JPMorgan. Numerai, an AI-driven hedge fund backed by Paul Tudor Jones, has secured a commitment of up to $500 million from JPMorgan Asset Management — a vast sum that could more than double its assets under...

Numerai Crypto Surges 41% After JPMorgan’s $500M Backing

JPMorgan Deal Doubles Numerai’s Assets The crowdsourced quant hedge fund Numerai, backed by legendary investor Paul Tudor Jones, announced a $500 million commitment from JPMorgan on August 26. The deal more than doubles Numerai’s current $450 million in assets under management. This backing not only expands the firm’s financial base but also signals institutional recognition of Numerai’s model. Following the announcement, its native token NMR su…

JPMorgan Invests $500M In AI-Hedge Fund Numerai; NMR Price Up 33%

JPMorgan Chase has invested $500 million in the AI hedge fund Numerai. The San Francisco-based hedge fund has now doubled its assets under management, after growing its AUM from $60 million to $450 million at the time of this writing. Numerai Secures $500 Million Investment From JPMorgan In a press release, the team behind the The post JPMorgan Invests $500M In AI-Hedge Fund Numerai; NMR Price Up 33% appeared first on CoinGape.