— Apoorva Mehta (@apoorva_mehta) April 24, 2026
Instacart co-founder Apoorva Mehta has launched a new hedge fund, Abundance, that uses artificial intelligence agents to make investment decisions, marking a significant step toward fully autonomous asset management, according to a Bloomberg report
The fund is designed around an “AI-first” approach, using thousands of autonomous agents to conduct research, analyze data, and execute trades, effectively replacing traditional human portfolio managers. The system enables strategies that can operate entirely without human intervention, signaling a shift in how hedge funds may be structured in the future.
Abundance aims to leverage AI’s ability to process vast amounts of information and respond to market changes more quickly than human investors. By distributing decision-making across multiple specialized agents, the platform is built to evaluate opportunities across equities and other asset classes in parallel, potentially improving speed, scalability, and consistency in investment execution.
The launch comes at a time when artificial intelligence is increasingly being integrated into financial markets, from algorithmic trading to portfolio optimization. However, Abundance represents a more extreme vision of automation, where AI systems are not just augmenting human decision-making but fully replacing it.
Mehta’s move reflects a broader trend of technology founders applying AI to traditional industries, including finance, where operational efficiency and data-driven decision-making are critical competitive advantages. The fund also highlights growing investor interest in AI-native investment strategies, particularly those that can operate at scale without the constraints of human bandwidth.
While AI-driven trading is not new, the concept of a hedge fund run primarily by autonomous agents introduces new questions around transparency, risk management, and regulatory oversight. The long-term success of such a model will depend on its ability to deliver consistent returns while navigating the complexities of global financial markets.
The debut of Abundance underscores how rapidly AI is reshaping the investment landscape, as firms explore new architectures that could redefine the role of human expertise in capital allocation.
