Former DeepMind Officials Get Together To Develop AI For Stock and Crypto Picking

• Martin Schmid, Rudolf Kadlec, and Matej Moravcik left Alphabet Inc (NASDAQ:GOOG) (NASDAQ: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