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.
Zohran Mamdani is at the center of a widening controversy after Citadel objected to New York Mayor’s use of Ken Griffin’s name in a tax push. The hedge fund claims the mayor is leveraging Griffin to support individual taxation efforts, escalating a dispute that also touches public political messaging tied to pro-Palestinian views.
Your news, in seconds
Get the Beige app — every story in 60 words, updated hourly. Free on iOS & Android.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
