San Francisco-based hedge fund Numerai, which blends artificial intelligence with crowdsourced data science to forecast global equity movements, has secured a funding commitment of up to $500 million from JPMorgan Asset Management. This deal could significantly boost its assets and highlight the growing Wall Street interest in quantitative strategies linked to cryptocurrencies. Founded in 2015 and backed early by veteran investor Paul Tudor Jones, Numerai currently manages around $450 million. Its investment model relies on thousands of independent data scientists who contribute machine learning models for forecasting, then combine them into a single meta-model to run the fund. 2024 saw it achieve a 25% net return driven by its use of crowdsourced algorithms, AI-powered signals, and exposure to digital assets.