Revolut founder set to launch venture capital fund powered by artificial intelligence

Revolut founder Nik Storonsky is set to launch his own venture capital fund, powered by artificial intelligence. 

The new venture — dubbed QuantumLight Capital — will be worth around $200 million, with funds supplied by Storonsky and other investors, Forbes reported on Tuesday. 

"We are built as a technology company by a team of tech unicorn founders, quant traders, AI scientists and engineers," the QuantumLight website states. The fund will identify investment opportunities using a machine called Aleph as its "proprietary quantitative decision engine." 

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