The DeepMind trio who built a poker AI, are now making money for quant hedge funds

Three former DeepMind researchers have transitioned their expertise in creating AI that masters poker to the financial sector. Their Prague-based startup, EquiLibre Technologies, utilizes reinforcement learning to trade billions in volume across major stock exchanges. Having achieved consistent positive returns since their inception, the company recently secured a Series A investment, reaching a $500 million valuation led by Creandum. While they compete with established firms like Jane Street, the founders maintain that their primary focus remains on scientific innovation within their AI lab rather than traditional finance.

(Source：TechCrunch)