Instacart co-founder launches hedge fund backing AI agents over portfolio managers [Yahoo! Finance]
Maplebear Inc. (CART)
US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
The firm, Abundance, is based in Palo Alto, California. It was started last year. Abundance has a small team of quantitative researchers, engineers and AI specialists focused on building and maintaining its models. Mehta told Bloomberg that the fund deploys thousands of automated agents. These systems trawl information sources, propose trade ideas, carry out research, choose positions, set position sizes and place trades. Many hedge funds already use AI tools to support human decision-making. Abundance's longer-term aim is to move towards AI systems managing investment decisions across the portfolio on their own. Some of the firm's stock-selection strategies are already fully automated, Mehta said. Other strategies being developed will still include some human input for the time being. Mehta argued that people have natural limits compared with AI. People “can only track so many opportunities at once, process them only so deeply, make only so many high-quality decisions,”
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CART
Earnings
- 2/12/26 - Miss
CART
Sec Filings
- 4/27/26 - Form SCHEDULE
- 4/17/26 - Form 4
- 4/17/26 - Form 4
- CART's page on the SEC website