An AI Hedge Fund Created a New Currency to Make Wall Street Work Like Open Source | WIRED

WALL STREET IS a competition, a Darwinian battle for the almighty dollar. Gordon Gekko said that greed is good, that it captures “the essence of the evolutionary spirit.” A hedge fund hunts for an edge and then maniacally guards it, locking down its trading data and barring its traders from joining the company next door.

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Super Intelligence for The Stock Market – Medium

Numerai is synthesizing machine intelligence to command the capital of an American hedge fund. Here’s how.

Combining Intelligence In the late 90s and early 2000s, new algorithms such as AdaBoost and Random Forests made breakthroughs in machine learning. The principle behind each of these algorithms was very simple: build many decision tree models that each learn something different, and then average them all together to create an ensemble model.

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