Former FTX executive launches "zero-loss" AI trading platform UpsideOnly

CoinFeed reported on May 19th that, according to Bloomberg, Perpetuals.com launched its UpsideOnly platform on Tuesday. Users can submit simulated trading strategies for assets such as crude oil, gold, and stocks. Perpetuals' self-developed BayesShield AI will select the most likely profitable strategies, execute them live with the company's own funds, and distribute 50% of the profits to the user who provided the signal. Users do not need to invest any capital and bear no losses. The model has been trained on 22 billion historical trading records. Company CEO Patrick Gruhn, former head of FTX Europe, stated that the goal is to improve execution efficiency using a "human + AI" approach. The company is currently in talks to raise hundreds of millions of dollars to support proprietary trading, and he himself has committed $100 million.