Richard Craib on Numerai software: leaderboard shows competing data scientists & measures of models

Watch full episode: https://youtu.be/yY-Sg7KhRhU There’s a new way to make stock market predictions. Numerai, a hedge fund based in San Francisco, has gained a following as the first hedge fund that gives stock market data to machine learning data scientists using structure-preserving encryption to prevent them from mimicking the fund’s trades themselves. Several thousand anonymous data scientists compete to create the best trading algorithms—and win bitcoin for their efforts. At the same time, the company carefully organizes this encrypted data in a way that allows the data scientists to bui…