● Covered by 1 source · 1 reportMedium impact
Former DeepMind Researchers Launch AI Trading Startup Valued at $500M
Key points
- EquiLibre Technologies raises a Series A funding round
- Valuation reached $500 million after funding
- AI trading algorithms achieve positive monthly returns
- Startup applies reinforcement learning to stock trading
Formation of EquiLibre Technologies
EquiLibre Technologies was founded by three former DeepMind researchers who previously created an AI that excelled at poker. Their expertise in reinforcement learning is now being repurposed for trading in financial markets.
Funding and Valuation
The startup has secured an undisclosed amount in Series A funding, led by Creandum, marking its largest investment to date. EquiLibre's current valuation stands at $500 million, highlighting investor confidence in its potential.
AI's Role in Trading
EquiLibre's algorithms are employed in partnership with quant firm Tower Research Capital, trading billions daily across major indices like the S&P 500 and Nasdaq. The AI's strategy with reinforcement learning has reportedly resulted in a flawless record of positive monthly returns since inception.
Market Potential and Startup Vision
The potential for AI-driven trading is vast, with automation already prevalent in the finance sector. The founders emphasize their focus on innovation in AI development rather than on traditional financial motivations, which may attract additional interest from venture capitalists in this booming field.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
The daily brief
One email each morning: the day's tech stories, clustered across outlets and summarized. No account needed.
One email a day. Unsubscribe in one click, any time.
Today's brief
Spend a few minutes, get the whole day. Every topic's top stories in one hands-free rundown — listen, watch, or read the transcript.
▶ Play today's brief
New every morning, and the back catalogue is archived by date.
Reporting from
Three former DeepMind researchers have established EquiLibre Technologies, an AI startup applying reinforcement learning to stock trading. The startup has recently raised a Series A round and achieved a valuation of $500 million, contributing to quant hedge funds with strong trading performance.