Three former DeepMinders are developing A.I. to pick stocks and crypto

• Martin Schmid, Rudolf Kadlec and Matej Moravcik left DeepMind in January to set up EquiLibre Technologies, relocating to Prague in the Czech Republic.
• The trio used to work at IBM and developed an AI called DeepStack that became the first AI capable of beating professional poker players at heads-up no-limit Texas hold’em poker.
• “Our idea is that rather than playing poker, our algorithms will play algorithmic trading,” Schmid told CNBC.

Three former DeepMind employees are trying to train a machine to spot and invest in company stocks and cryptocurrencies before they rise.

Martin Schmid, Rudolf Kadlec and Matej Moravcik left Alphabet-owned DeepMind in January to set up EquiLibre Technologies, relocating from Edmonton in Canada to Prague in the Czech Republic in the process.

The trio all used to work at IBM and in 2017 they developed an AI called DeepStack. It became the first AI capable of beating professional poker players at heads-up no-limit Texas hold’em poker.