SingularityDAO and HUGIN EXPERT have signed a partnership to mathematically model the decision-making of the market-beating SingularityDAO crypto trading team. This will lead to insights that will improve their decisions and also automate parts of their thought process, increasing the scalability of their efforts. While traders at SingularityDAO have been using AI to inform their trades, this marks the first step in AI making active trading decisions.
SingularityDAO is the company behind the AI investment tool, DynaSets, which is currently beating Bitcoin by 32% and Ethereum by 45% – protecting crypto investors against losses in the current $2 trillion crypto market crash. By introducing statistical and mathematical modelling to the DynaSets offering through the HUGIN EXPERT partnership, SingularityDAO can scale its solution to include more assets, and protect more investors against losses as the market recovers.
Anders Madsen, CEO of HUGIN EXPERT, said: “We are excited to partner with SingularityDAO to take our predictive analytics software to the world of crypto trading. SingularityDAO’s investment tool, DynaSets, is currently protecting crypto investors against losses through their pioneering use of AI. This means that SingularityDAO is already taking advantage of AI tools. We look forward to adding our transparent and explainable mathematical modelling to the cryptocurrency trading tools used by SingularityDAO’s traders. It will combine our mathematical modelling software with other AI methods to improve the trading scalability of DynaSets. This is our first entry into the DeFi and crypto trading markets and we are very excited about this partnership that we expect to present many interesting opportunities for us.”
The partnership marks HUGIN EXPERT’s first move into the cryptocurrency space. In collaboration with the quant and trading team at SingularityDAO, HUGIN EXPERT will take the knowledge, skills and strategies of human traders, which until now have been assisted by signals from AI, and use advanced Bayesian networks to model these behaviours. A Bayesian network is a probabilistic graphical model for computing probabilities of events given other events. It can, for instance, analyse an event that occurred and predict the likelihood that any one of several possible known causes was the contributing factor. For example, a Bayesian network could represent the probabilistic relationships between health risk factors, diseases and symptoms. This will allow the companies to create advanced artificial intelligence to automate a number of these processes. With more of the work handled by machine, the SingularityDAO trading team will be able to manage larger numbers of asset sets including stablecoins and a variety of different assets on other blockchains.
“The HUGIN team represents the very best in statistical modelling. With an unparalleled track record of helping firms distil expert judgement into operational systems, SingularityDAO is fortunate to have them as a development partner,” Chris Poulin, AI Advisor at SingularityDAO added.
“Working together with HUGIN EXPERT has provided us a way to most effectively leverage Bayesian networks to scale up our trading efforts. The research has not only provided us unique insights in the market, but should function as a foundational layer into our decision-making. We are thrilled to work with them, as they have extensively shown their value within many quantitative fields,” Hubert Kirch, AI Team Lead, SingularityDAO concluded.
About HUGIN EXPERT
Bayesian network software from HUGIN EXPERT takes the guesswork out of decision-making. Their software helps clients discover insight and provides them with the predictive capabilities they need to effectively combat fraud and risk, achieve compliance and reduce losses for a better bottom line.
Learn more at: https://www.hugin.com/
About SingularityDAO
As a spin-off project of SingularityNET, launched in 2021, SingularityDAO is a community governed DeFi Protocol that provides users with advanced cryptocurrency portfolio management tools powered by cutting edge artificial intelligence. They are dedicated to building the future of decentralised finance and delivering these high level tools in an easy to use fashion.
Learn more at: https://singularitydao.ai/