company an animation studio see fatkat . fatkat type private founded 1999 founder raymond c. kurzweil headquarters wellesley hills ma united states website http www.fatkat.com fatkat inc. is a privately held company founded in 1999 by raymond c. kurzweil an author inventor and futurist . he s perhaps best known for creating an optical character recognition system that in conjunction with a flatbed scanner and text to speech synthesizer reads text aloud to the sight impaired . fatkat is an acronym derived from financial accelerating transactions from kurzweil adaptive technologies . the aforesaid company is one of a total of nine kurzweil companies . 1 the purpose of fatkat as listed with the massachusetts secretary of the commonwealth corporations division is investment software . 2 kurzweil who specializes in artificial intelligence coupled with pattern recognition has created software that uses quantitative methods to pick stocks for investment purposes . 3 although selecting stocks based on software generated recommendations is not new fatkat s approach was unique at the time because of its nonlinear decision making processes more akin to how a brain operates . in layman s terms the software can evolve by creating different rules letting them compete and using or combining the best outcomes . after fatkat s inception other investment and or software companies rushed to develop software based on this and similar darwinist evolutionary principles using genetic algorithms . 3 in 2005 kurzweil reported that the fatkat software was doing very well 50 % to 100 % returns for the last two years . 1 but as of december 2008 fatkat does not offer its software for sale . contents 1 corporate structure 2 related hedge funds 3 investors 4 references 5 see also corporate structure edit fatkat was registered as a foreign corporation in 1999 with the massachusetts secretary of the commonwealth corporations division . it was originally formed as a company in the state of delaware . ray kurzweil is the president of fatkat with aaron kleiner serving as treasurer and secretary . michael brown is listed as a director . 2 related hedge funds edit two hedge funds exist that use the fatkat name fatkat investment fund lp and fatkat qp investment fund lp . both of these investment fund companies list kurzweil capital partners llc as a general partner . these companies were formed in december 2005 also in delaware . 2 neither of the hedge funds is publicly traded . kurzweil capital partners llc and the two hedge funds are not listed on the kurzweil companies web site . investors edit documented investors in fatkat inc. and its hedge funds are venture capitalist vinod khosla and michael w. brown former cfo of microsoft and chairman of nasdaq . 1 other investors have not been disclosed . references edit a b c port otis 1 august 2005 . raymond c. kurzweil prophet of longevity . businessweek . retrieved 10 december 2008 . a b c massachusetts secretary of the commonwealth corporations division . a b duhigg charles 24 november 2006 . a smarter computer to pick stock . new york times late edition east coast . pp . c 1 . issn 0362 4331 . retrieved 10 december 2008 . see also edit kurzweil technologies with links to related companies retrieved from https en.wikipedia.org w index.php title fatkat investment software & oldid 626136458 categories software companies based in massachusettscompanies based in massachusettsfinancial softwareartificial intelligence applicationsprivately held companies based in massachusetts navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 18 september 2014 at 21 34 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view