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

JPMorgan Chase’s asset management division has committed a substantial $500 million to Numerai, a hedge fund that leverages crowdsourcing and crypto technology. This investment could significantly boost Numerai’s already impressive $450 million in assets under management. The partnership marks an ambitious move by both firms to explore the potential of AI-driven finance.