Numeraire (NMR) Soars After JPMorgan Pledges $500M to AI Hedge Fund Numerai

Numerai, an AI-driven hedge fund founded in 2015, confirmed that JPMorgan Asset Management secured up to $500 million in capacity. Bloomberg reported the money will be deployed over the next year, not all at once. If fully drawn, the allocation could raise Numerai’s assets under management (AUM) from about $450 million to nearly $950 million. […]

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