While there is undoubtedly a lot of very interesting things going on in AI, there is also an absurd level of hype with every startup trying to brand itself with AI. Got a website? Got a database? Yup — you are now AI.
The term overtook big data in the battle of the buzzwords last year as the graph from CB Insights Trends reveals.
So last week, we asked you, our very smart readers, to fill in the blank of the following sentence
“AI is the new _______”
1/3 of you think AI is the new bacon and 1/3 had no idea what I was talking about. This reaffirmed my faith in the CBI readership (Candidly, it was waning after you disrespected the selfie-stick).
Quantopian, which Steve Cohen’s Point 72 Asset Management invested in, has started doling out investment capital to 15 amateur quants (see The Blurb for the article).
Right now, Quantopian has more than $10M at work which Bloomberg calls “one of the bigger tests for a theory of money management predicated on mining talent from groups of would-be investment stars.”
The membership in Quantopian — the crowdsourced quant hedge fund — has grown significantly as you can see below.
We’ll be digging into the results and the future of the algorithmic hedge fund with Jonathan Larkin, the Chief Investment Officer at Quantopian, at The Future of Fintech in June.
In addition to Jonathan, Andy Weissman, partner at Union Square Ventures (investors in Numerai) and Christina Qi, partner at Domeyard, a hedge fund focused on high-frequency trading (subject of recent HBS case study), will also be there to dig into the future of the hedge fund.
While I do think the donut chart was warranted in this case (although we prob shouldn’t have had a legend), today we’ll take a break from bad pie charts and share this illuminating map of Europe which plots population per capita.
We teamed up with Esquire, Quartz, Product Hunt, TNW, and The Hustle to give one lucky person airfare, accommodations, and some walking-around dinero. Enter here.
Entrepreneurship thrives in non-urban areas.
We updated our breakdown of six early-stage startups developing last mile delivery robots. Ranging from work on aerial to ground-based solutions, the companies included in our analysis are Flirtey, Matternet, Starship, Dispatch, Robby, and Marble.
New York Times. Nathaniel Popper (@nathanielpopper) writes about former chief exec at Lending Club Renaud Laplanche and his new online lending company that he claims will rival his former company from which he was ousted, with a mention of CB Insights funding and valuation data.
Bloomberg Quint. Tink Labs is in the process of raising ~$40M and aiming for a valuation of more than $1B, according to this report which references CB Insights research on unicorns.