7,500 Faceless Coders Paid in Bitcoin Built a Hedge Fund’s Brain

7,500 Faceless Coders Paid in Bitcoin Built a Hedge Fund’s Brain

RICHARD CRAIB IS a 29-year-old South African who runs a hedge fund in San Francisco. Or rather, he doesn’t run it. He leaves that to an artificially intelligent system built by several thousand data scientists whose names he doesn’t know. Under the banner of a startup called Numerai, Craib and his team have built technology that masks the fund’s trading data before sharing it with a vast community of anonymous data scientists. Using a method similar to homomorphic encryption, this tech works to ensure that the scientists can’t see…

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