EquiLibre Technologies, an AI lab based in Prague, was founded by three ex-DeepMind researchers originally known for creating a poker AI. The startup has since pivoted its focus to developing AI solutions that generate profits for quantitative hedge funds. Rapid growth has propelled the company's valuation beyond $500 million, highlighting the expanding role of AI expertise in financial markets.
Ex-DeepMind Researchers' AI Startup Valued Over $500M

The Gist
“EquiLibre Technologies, founded by three former DeepMind researchers, has shifted from poker AI to serving quantitative hedge funds and is now valued at over $500 million.”

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