IIIT-Hyd, AlphaGrep Tie Up To Create Quantitative Research Lab
IIIT-Hyderabad and AlphaGrep representatives during the collaboration, in Hyderabad on Friday
Hyderabad: AlphaGrep, a quantitative trading and investment firm has partnered with IIIT Hyderabad’s Precog group of researchers who study, analyse, and build various aspects of Artificial Intelligence (including social) systems. Precog develops solutions across areas including Applied Machine Learning, Responsible and Safe AI, Natural Language Processing, and Social Network Analysis.
As part of this collaboration, AlphaGrep has committed Rs 3.5 crore to support groundbreaking research, skill-building, and real-world applications of AI/ML in quantitative finance. The initiative is spearheaded by Prof Ponnurangam Kumaraguru P K, and Mohit Mutreja, while Hemang Mandalia will facilitate faculty and student-driven research, foster technical advancements, andstrengthen the bridge between academia and industry.
“We are excited to expand our academic partnerships and work with IIIT Hyderabad’s Precog to push the boundaries of machine learning research in quantitative finance,” said Mohit Mutreja, Managing Director, AlphaGrep. He further added, “By providing students with access to adequate resources, mentorship, and real-world problem-solving opportunities, we aim to drive impactful innovation in AI and quantitative research.” Commenting on the collaboration, Prof P J Narayanan, Director, IIIT-H, said: “Quantitative finance is a highly data-intensive area. Given its strengths in AI and data analytics, IIIT Hyderabad can achieve much by partnering with a top company in that space like AlphaGrep. I am looking forward to the activities emanating from the collaboration.”
