JPMorgan Invests $500 Million in Numerai, Sending NMR Price Soaring

Numerai, an AI-powered hedge fund led by Richard Craib, has received a major boost with a $500 million investment from JPMorgan Asset Management. This funding has propelled the fund’s assets under management (AUM) to a record $1 billion and caused a significant price surge for its NMR token. 24-hour trading volume increased over 5,000% following the announcement, demonstrating investor interest in this sector.