Nov 10, 2016
Crowdsourcing is a relatively common term in technical vernacular today. Even if you're not a self-identified "techie", you may very may well have leveraged crowdsourcing in journalism, the sciences, public policy, or elsewhere. One area in which this concept hasn’t really taken off is in finance and hedge funds. In this episode, we speak with Richard Craib, founder of Numerai, about the company's model for pooling data science talent, using "anonymous" models to train financial data, and competing against one another, in which winners are rewarded in bitcoin to exchange through virtual markets. Craib speaks about his overarching vision for the company, and also delves into the past, present, and future of AI applications in finance.