Numerai
Numerai is a pioneering data science company that hosts a challenging global data science tournament, providing high-quality, obfuscated financial data for free to participants who can earn rewards in cryptocurrency.
Numerai Data Science Tournament
Numerai hosts what it claims to be the hardest data science tournament in the world, focused on predicting the stock market. Participants receive clean, regularized, and obfuscated data, enabling them to build predictive models without the risk of revealing proprietary information. The tournament provides an opportunity for data scientists to utilize example Python and R scripts to create models, competing to produce the most accurate predictions and earn rewards.
Numerai Hedge Fund Data
Numerai provides hedge fund quality data that is meticulous in its precision, clean, regularized, and obfuscated. This data is available for free use, allowing data scientists to harness high-quality datasets for building predictive models. The obfuscation ensures that while data can be used effectively for model building, the underlying details remain protected.
Cryptocurrency and Model Staking with NMR
Numerai offers a unique platform allowing data scientists to stake their models using the cryptocurrency NMR. By staking NMR, participants can earn rewards if their models prove successful in predicting stock market outcomes. To date, Numerai has paid out $40,572,172 in NMR to data scientists, incentivizing high-quality model construction and accuracy.
Numerai Financial Backers
Numerai is backed by prominent investors including Union Square Ventures, the co-founder of Renaissance, and the co-founder of Coinbase. This backing provides a solid foundation for Numerai, ensuring resources and credibility necessary for its operations in the financial and data science sectors.
Numerai Hedge Fund Operations
Numerai operates a quantitative global equity market neutral hedge fund. This hedge fund is designed to cater to institutional investors and high net worth accredited individuals, offering a platform for significant financial investments and portfolio diversification through a market-neutral strategy.