JPMorgan Invests $500 Million in AI Hedge Fund Numerai

TLDR JPMorgan Asset Management has committed up to $500 million to AI-driven hedge fund Numerai Numerai has grown from $60 million to $450 million in assets under management over the past three years The fund delivered a 25% net return in 2024 through AI and crypto strategies Numerai’s cryptocurrency token (NMR) surged 33-38% following the [...]

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