Instacart Co-Founder Launches Hedge Fund Focused on AI-Driven Investing
Apoorva Mehta, co-founder of Instacart, has launched a hedge fund called Abundance that uses AI agents for investment decisions instead of traditional portfolio managers. The fund, based in Palo Alto, California, has raised $100 million in seed equity and plans to expand into multiple asset classes. Mehta believes AI can outperform humans in processing investment opportunities.
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Topics: AI agents AI in finance Apoorva Mehta hedge fund Instacart investment strategies