JPMorgan Chase Takes $500,000,000 Bet on Paul Tudor Jones-Backed Hedge Fund Play: Report
Financial services giant JPMorgan Chase is reportedly investing hundreds of millions of dollars in an artificial intelligence (AI)-driven hedge fund with crypto incentives.
According to a new Bloomberg report, JPMorgan Chase is investing $500 million in San Francisco-based Numerai, a hedge fund backed by billionaire investor Paul Tudor Jones that leverages crowdsourced AI models for trading.
Numerai founder Richard Craib believes JPMorgan was impressed by the firm’s successful turnaround, posting a 25% return last year after suffering a big loss in 2023.
Says Craib,
“That’s when investors like JPMorgan started to be like, ‘Whoa, you guys aren’t just back, you’re way back.’ People don’t really want to invest until there’s a track record. And when you’re doing something super unusual and different, like we are, they might wait even longer before they get excited.”
In addition to using democratized trading and AI, Numerai issues its own native token, Numeraire ( NMR ), which surged amid the JPMorgan investment news.
NMR is trading for $23 at time of writing, up 105.2% on the day. With a market cap of $183.4 million, the Ethereum ( ETH )-based token is the 350th largest crypto project.
The NMR tokens are used as rewards or penalties for data scientists who wager their tokens in competitions over who can best predict the market.
Craib says the firm’s model allows it to avoid large labor costs incurred by traditional firms competing to hire top talent.
“It’s the question of waste: did you really need to suck up that much capital and talent to make a hedge fund? If you could have one hedge fund that was connected to all of the talent in the world and gave away very high-quality data, then you would’ve really done something and changed finance.”
JPMorgan declined to comment for the story.
Generated Image: DALLE3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP’s Post-Regulatory Clarity Momentum and Its Long-Term Institutional Viability
- XRP's 2025 SEC "not a security" ruling unlocked institutional adoption, with 11+ ETFs under review and $1.3T in cross-border transactions via Ripple's ODL. - Layer Brett (LBRETT) offers 55,000% APY staking and Ethereum Layer 2 scalability but faces regulatory risks as a meme-driven altcoin with speculative 100x-1,000x price projections. - XRP's institutional credibility contrasts with LBRETT's retail-driven model, as Ripple partners with major firms while LBRETT's deflationary structure and governance ex
Assessing the Significance of the $164.6M Spot ETH ETF Outflow: A Cautionary Signal or a Temporary Correction?
- U.S. spot Ethereum ETFs saw a $164.6M net outflow on Aug 29, 2025, ending a six-day inflow streak led by Grayscale and Fidelity funds. - The outflow coincided with Ethereum price dips below $4,300 amid inflation fears and geopolitical risks, contrasting with Ethereum's 71% YTD gains. - Institutional investors shifted capital to safer assets like TIPS due to Fed rate delays and Trump trade policies, while retail adoption via DeFi/NFTs and Layer 2 solutions remained robust. - Technical indicators show Ethe
Can Remittix (RTX) Overtake Dogecoin and Lead the 2025 Altcoin Surge?
- 2025 crypto market pits utility-driven Remittix (RTX) against meme-driven Dogecoin (DOGE), with RTX targeting $19T remittance inefficiencies via instant cross-border payments and deflationary tokenomics. - RTX’s $22.2M presale, institutional adoption, and CertiK-audited security contrast with DOGE’s speculative reliance on social sentiment and unlimited supply, risking long-term viability. - Market rotation favors RTX as Ethereum’s utility token classification boosts institutional inflows, while DOGE fac
Is Flow (FLOW) a Smart Long-Term Investment in a Post-2025 Crypto Market?
- Flow (FLOW) faces a shrinking market cap but shows ecosystem resilience in 2025's crypto landscape. - Technical analysis reveals bearish short-term pressure but bullish long-term projections up to $3.79 by 2030. - DeFi TVL growth (46% to $68M) and PayPal integration highlight fintech positioning amid $21.4B industry expansion. - Lags behind Solana ($108B) and Ethereum in scale but gains traction via 1M TPS roadmap and EVM compatibility. - Long-term viability depends on regulatory navigation and sustainin
Trending news
MoreCrypto prices
More
