- Martin Schmid, Rudolf Kadlec, and Matej Moravcik left Alphabet Inc GOOG GOOGL-owned DeepMind in January to set up EquiLibre Technologies, CNBC reports.
- The trio seek to develop artificial intelligence for stock and crypto picking.
- They look to use reinforcement learning to train an AI system to buy and sell shares and make a profit.
- They relocated from Edmonton in Canada to Prague in the Czech Republic.
- The DeepMind employees had worked at IBM and developed an AI called DeepStack in 2017, capable of beating professional poker players at heads-up no-limit Texas hold’em poker. Now they wish to focus their algorithms on trading.
- EquiLibre looked to either use its AI to underpin a new hedge fund or sell it to a large institutional bank or another investor.
- Photo by Gerd Altmann from Pixabay
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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