JPMorgan Invests $500 Million in AI-Driven Hedge Fund, Numerai

JPMorgan has made a significant move into AI-driven finance by investing $500 million in Numerai, an AI-powered hedge fund. This investment, which boosted the NMR token value by 33%, signals growing institutional interest in this area. The transaction is seen as a major endorsement of Numerai’s unique crowdsourced approach and machine learning-based equity strategies.