Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding (Hema Parmar/Bloomberg)

<a href="https://www.bloomberg.com/news/articles/2026-04-24/instacart-co-founder-debuts-hedge-fund-where-ai-calls-the-shots"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260424/i46.jpg" vspace="4" /></a> <p><a href="http://www.techmeme.com/260424/p46#a260424p46" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Hema Parmar / <a href="https://www.bloomberg.com/">Bloomberg</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.bloomberg.com/news/articles/2026-04-24/instacart-co-founder-debuts-hedge-fund-where-ai-calls-the-shots">Instacart co-founder Apoorva Mehta launches Abundance, a hedge fund that aims to have AI agents run the entire fund, with $100M in seed funding</a></b></span>&nbsp; &mdash;&nbsp; Instacart co-founder Apoorva Mehta launched a hedge fund that relies on an army of artificial intelligence agents, one of the few using &hellip; </p>