<s>
FatKat	B-Application
,	O
Inc	O
.	O
is	O
a	O
privately	O
held	O
company	O
founded	O
in	O
1999	O
by	O
Raymond	O
C	O
.	O
Kurzweil	O
,	O
an	O
author	O
,	O
inventor	O
,	O
and	O
futurist	O
.	O
</s>
<s>
He	O
's	O
perhaps	O
best	O
known	O
for	O
creating	O
an	O
optical	B-Application
character	I-Application
recognition	I-Application
system	O
that	O
–	O
in	O
conjunction	O
with	O
a	O
flatbed	O
scanner	O
and	O
text-to-speech	B-Application
synthesizer	I-Application
–	O
reads	O
text	O
aloud	O
to	O
the	O
sight-impaired	O
.	O
</s>
<s>
FatKat	B-Application
is	O
an	O
acronym	O
derived	O
from	O
"	O
financial	O
accelerating	O
transactions	O
from	O
Kurzweil	O
Adaptive	O
Technologies	O
"	O
.	O
</s>
<s>
The	O
purpose	O
of	O
FatKat	B-Application
as	O
listed	O
with	O
the	O
Massachusetts	O
Secretary	O
of	O
the	O
Commonwealth	O
Corporations	O
Division	O
is	O
"	O
investment	O
software	B-Application
"	O
.	O
</s>
<s>
Kurzweil	O
,	O
who	O
specializes	O
in	O
artificial	B-Application
intelligence	I-Application
coupled	O
with	O
pattern	O
recognition	O
,	O
has	O
created	O
software	B-Application
that	O
uses	O
quantitative	O
methods	O
to	O
pick	O
stocks	O
for	O
investment	O
purposes	O
.	O
</s>
<s>
Although	O
selecting	O
stocks	O
based	O
on	O
software-generated	O
recommendations	O
is	O
not	O
new	O
,	O
FatKat	B-Application
's	O
approach	O
was	O
unique	O
at	O
the	O
time	O
because	O
of	O
its	O
“	O
nonlinear	O
decision	O
making	O
processes	O
more	O
akin	O
to	O
how	O
a	O
brain	O
operates.	O
”	O
In	O
layman	O
's	O
terms	O
,	O
the	B-Application
software	I-Application
can	O
evolve	O
by	O
creating	O
different	O
rules	O
,	O
letting	O
them	O
compete	O
,	O
and	O
using	O
(	O
or	O
combining	O
)	O
the	O
best	O
outcomes	O
.	O
</s>
<s>
After	O
FatKat	B-Application
's	O
inception	O
,	O
other	O
investment	O
and/or	O
software	B-Application
companies	O
rushed	O
to	O
develop	O
software	B-Application
based	O
on	O
this	O
and	O
similar	O
Darwinist	O
evolutionary	O
principles	O
,	O
using	O
genetic	B-Algorithm
algorithms	I-Algorithm
.	O
</s>
<s>
In	O
2005	O
,	O
Kurzweil	O
reported	O
that	O
the	O
FatKat	B-Application
software	B-Application
was	O
"	O
doing	O
very	O
well	O
–	O
50%	O
to	O
100%	O
returns	O
for	O
the	O
last	O
two	O
years	O
"	O
.	O
</s>
<s>
But	O
as	O
of	O
December	O
2008	O
,	O
FatKat	B-Application
does	O
not	O
offer	O
its	O
software	B-Application
for	O
sale	O
.	O
</s>
<s>
FatKat	B-Application
was	O
registered	O
as	O
a	O
foreign	O
corporation	O
in	O
1999	O
with	O
the	O
Massachusetts	O
Secretary	O
of	O
the	O
Commonwealth	O
,	O
Corporations	O
Division	O
.	O
</s>
<s>
Ray	O
Kurzweil	O
is	O
the	O
president	O
of	O
FatKat	B-Application
,	O
with	O
Aaron	O
Kleiner	O
serving	O
as	O
treasurer	O
and	O
secretary	O
.	O
</s>
<s>
Two	O
hedge	O
funds	O
exist	O
that	O
use	O
the	O
FatKat	B-Application
name	O
:	O
FatKat	B-Application
Investment	O
Fund	O
,	O
LP	O
and	O
FatKat	B-Application
QP	O
Investment	O
Fund	O
,	O
LP	O
.	O
</s>
<s>
Documented	O
investors	O
in	O
FatKat	B-Application
,	O
Inc	O
.	O
and	O
its	O
hedge	O
funds	O
are	O
venture	O
capitalist	O
Vinod	O
Khosla	O
and	O
Michael	O
W	O
.	O
Brown	O
(	O
former	O
CFO	O
of	O
Microsoft	O
and	O
chairman	O
of	O
NASDAQ	O
)	O
.	O
</s>
