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Ex-DeepMind AI Masters Poker, Now Trades Billions
1 Jul
Summary
- AI lab founded by DeepMind alumni achieves $500M valuation.
- Algorithms trade billions daily across stock and crypto markets.
- Startup boasts a perfect record of zero negative months.
EquiLibre Technologies, founded by former DeepMind researchers, has achieved a $500 million valuation. The startup leverages AI technology, previously successful in defeating human poker players, for stock market trading.
The company's algorithms, developed using reinforcement learning, now trade billions in daily volume across S&P 500 and NASDAQ. EquiLibre claims a perfect record of zero negative months since their rollout began in 2025.
Led by Martin Schmid, Rudolf Kadlec, and Matej Moravcik, the team's focus is on building novel AI applications rather than finance itself. Their previous work at DeepMind included creating DeepStack, an AI that defeated professional poker players.
EquiLibre, based in Prague, Czechia, has raised prior funding rounds, including a $10 million seed round. The firm plans to scale its compute infrastructure, aiming for one of Central and Eastern Europe's largest compute clusters.
Despite competition from firms like Jane Street, EquiLibre aims to lead in AI trading, emphasizing that the market is not winner-takes-all.
