AI agents

AI isn’t just helping Wall Street anymore, it’s starting to replace it.
Apoorva Mehta just launched a hedge fund where the portfolio manager isn’t a person, but a swarm of AI agents.
The fund is called Abundance.
The idea is simple (and a very uncomfortable):
Don’t use AI to assist humans. Let AI make the decisions over humans.
Thousands of agents run the full loop:
→ generate ideas
→ run research
→ pick stocks
→ size positions
→ manage risk
→ execute trades
No human makes the final call.
For years, quants used machines to support human judgment.
Now their bet is:
humans are the bottleneck! Let’s build the brave new world without them.

What’s on paper:
– small team (~10 engineers/quants)
– about 9 months trading
– $100M raised
– expansion planned
But here’s the part that matters:
Still early.No audited results. No real stress test. Pff… Venture.
And markets don’t break in calm conditions.
They break in chaos. When liquidity disappears. When everything moves at once. When the orange granddad in the white house goes unpredictable again.
And here’s the uncomfortable and a slightly toxic thought:
We used to see financiers jump out of windows in crises as a part of their social responsibility.

Now… we might see developers doing it instead 😅
Because for the first time in history:
the person writing the system is not the one pressing the decision button…
but might still be the people to blame of course, you can not punish stupid machine.
That changes the whole balance of responsibility between engineers and finance.
Curious – would you trust AI to manage your money today?
#AI #fintech #investing