The following is a conversation with Richard Crape, founder of Numerai, which is a crowdsourced hedge fund,

very much in the spirit of Wall Street bets, but where the trading is done not directly by humans,

but by artificial intelligence systems submitted by those humans.

It's a fascinating and extremely difficult machine learning competition,

where the incentives of everybody is aligned.

The code is kept and owned by the people who develop it.

The data, anonymous data is very well organized and made freely available.

I think this kind of idea has a chance to change the nature of stock trading

and even just money management in general by empowering people who are interested in trading stocks

with the modern and quickly advancing tools of machine learning.

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As a side note, let me say that this whole set of events around

GameStop and Wall Street bets has been really inspiring to me as a demonstration

that a distributed system, a large number of regular people

are able to coordinate and collaborate in taking on the elite,

centralized power structures, especially when those elites are misbehaving.

I believe that power in as many cases as possible should be distributed.

And in this case, the internet as it is for many cases

is the fundamental enabler of that power.

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