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Instacart cofounder Apoorva Mehta launches AI hedge fund Abundance to run trades itself
Technology
Published on 24 April 2026
Thousands of AI agents already trade without humans
Instacart cofounder Apoorva Mehta has launched Abundance, a hedge fund built around thousands of AI agents that can handle trading, research, and stock selection independently. The plan goes beyond automation to replace human portfolio managers altogether, with some strategies already running solely on AI—betting that machine decision-making can process market information faster and better than people.
- Abundance is an AI-driven hedge fund launched by Apoorva Mehta
- Thousands of AI agents handle trades, research, and stock picking
- Mehta aims to replace human portfolio managers with AI
- Some strategies are reportedly already fully AI-run
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times