Numerai, an AI-driven hedge fund founded in 2015, confirmed that JPMorgan Asset Management secured up to $500 million in capacity. Bloomberg reported the money will be deployed over the next year, not all at once. If fully drawn, the allocation could raise Numerai’s assets under management (AUM) from about $450 million to nearly $950 million. Numeraire (NMR) surged more than 130% in a single day after the news spread.
Numerai is already backed by billionaire investor Paul Tudor Jones. The hedge fund uses a crowdsourced approach: thousands of data scientists worldwide build models to predict stock market trends. They stake Numerai’s cryptocurrency, Numeraire (NMR), on their models. Good predictions are rewarded, while poor ones can result in losing staked tokens.
The new pledge follows Numerai’s strongest year to date. In 2024, the hedge fund delivered a 25.45% net return with a Sharpe ratio near 2.75. Its AUM grew from $60 million three years ago to $450 million today.
Numeraire Price Doubles as Volumes Top $800M
The announcement sent Numeraire’s token soaring. NMR gained more than 100% in 24 hours, climbing from around $8 to nearly $18–19.
Trading activity exploded. CoinMarketCap recorded daily volumes above $800 million, compared with a fraction of that in earlier sessions. Analysts noted the Relative Strength Index (RSI) rose above 80, a level considered “overbought” that often comes before a pullback.
It is important to separate the hedge fund from its token. NMR is not equity in Numerai and does not give holders a claim on fund profits. Its role is to power Numerai’s crowdsourced model network through staking and rewards.
In July 2025, Numerai announced a $1 million NMR buyback program. The fund cited the token’s fixed maximum supply of 11 million and the need to manage incentives for contributors. About 3 million NMR remain in treasury, while roughly 1 million are staked each day by data scientists.
These details show that while the fund’s AUM growth boosts confidence, the token’s value still depends mainly on staking demand, supply management, and community use inside Numerai’s system.
AI–Crypto Crossover Extends to Miners and Institutions
The JPMorgan deal also fits into a broader trend. The bank has expanded its digital asset work over recent years, from providing banking services to exchanges like Coinbase to building JPM Coin for blockchain-based payments. It is now also exploring crypto-backed lending.
Meanwhile, other parts of the crypto sector are shifting toward artificial intelligence. Bitcoin miners such as Hut 8, TeraWulf, and Hive Digital are repurposing infrastructure for AI computing. Decentralized projects like Bittensor (TAO) are building open machine learning networks, with TAO reaching a market capitalization of about $3.2 billion.
Global forecasts suggest the trend will accelerate. The United Nations Conference on Trade and Development (UNCTAD) projects that AI’s share of the frontier technology market will quadruple over the next eight years, making it the world’s most valuable technology sector by the next decade.
