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Benzinga
Benzinga
Technology
Anusuya Lahiri

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

DeepMind Nasdaq Gerd Altmann Alphabet Inc CNBC IBM Pixabay Canada Czech Republic Edmonton
  • 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
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