Numerai, an AI hedge funded by Paul Tudor Jones supported by Paul Tudor Jones, gained a promise of up to $ 500 million from JPMorgan Asset Management-a broad sum that could be more than double its properties under management and highlighting a growing institutional interest in Crypto-Friendly’s Crypto-Friendly Money managers.
You will count confirmed Tuesday that allocation will be placed next year, with returns tied to Crowdsourced trade models built by thousands of data scientists worldwide.
From more on Its start in 2015Numerai has expanded its properties under management to nearly $ 450 million, including most of the growth that has been taking place over the past three years.
In 2024, the hedge fund delivered a net return of more than 25% through techniques that combine crowdsourcing, artificial intelligence, digital assets and other volume -driven techniques.
The firm also operates its own cryptocurrency, numeraire (NMR), launched in 2017. In July, Numerai started re -purchase NMR tokens, starting at $ 1 million.
Following the JPMorgan announcement of Tuesday, the NMR climbed more than 38% to trade at $ 11.40, with a sunny trading volume at more than 880%, according to CoinMarketCap.
While JPMorgan has not commented directly on the numerai’s promise, Wall Street Megabank has continued to increase its involvement in digital ownership in recent years. There it is Partnership with Coinbase To facilitate crypto purchases and have been reported explored both Issuing Stablecoin and The lending of cryptopotentially allowing clients to borrow against holdings like Bitcoin (Btc) and ether (Eth).
Related: From Skeptic to Supporter: JPMorgan CEO Now a ‘Believer’ in Stablecoins, Blockchain
The growing synergies between crypto and AI
Numerai stands as a fund that mixes artificial intelligence, blockchain technology and audience predictions to guide its investment strategy. But the scene of these technologies is not limited to the fence funds.
One of the clear examples is in Mining sector. Companies like Hive DigitalHut 8, Terawulf And Iren has begun this pivot, positioning themselves to get the demand beyond the traditional crypto mining.
The DNA Fund, an investment manager dedicated to the crypto, is deeply involved in the bittenor ecosystem. CEO Chris Migino told Cointelegraph “Decentralized Ai consumes everything we do.”
Bittensor, a decentralized machine study network, currently carries a market capitalization of nearly $ 3.2 billion, according to CoinMarketCap.
Related: ‘US tariffs on mining rigs rise sharply’ as cleanspark, Iren’s report is huge
The United Nations Conference on Trade and Development (UNCTAD) project that artificial intelligence will be the most important technology sector in the world over the next decade, emphasizing the possibility that its integration into existing systems will accelerate. The UNCTAD further estimates that the AI part of the “Frontier Tech” market market will be quadruple for the next eight years.
Related: AI and Blockchain are already disturbing the Legacy Education system
