Fintech PR
$10 million Artificial Intelligence Mathematical Olympiad Prize appoints advisory committee members
Fields Medallists Timothy Gowers and Terence Tao appointed to the Advisory Committee for the Artificial Intelligence Mathematical Olympiad Prize, alongside Po-Shen Loh, Dan Roberts and Geoff Smith.
LONDON, Feb. 7, 2024 /PRNewswire/ — XTX Markets’ newly created Artificial Intelligence Mathematical Olympiad Prize (‘AIMO Prize’) is a $10mn challenge fund designed to spur the creation of a publicly shared AI model capable of winning a gold medal in the International Mathematical Olympiad (IMO).
XTX Markets is delighted to be joined by a group of prominent mathematicians, and AI and machine learning specialists. The group includes Timothy Gowers and Terence Tao, both winners of the Fields Medal, one of the most prestigious awards in mathematics.
Alongside them are Po-Shen Loh, the former coach of the US IMO Team; Dan Roberts, an AI researcher at Sequoia Capital and MIT and a published expert in machine learning; and Geoff Smith, the former President of the IMO.
The AIMO Advisory Committee will support the development of the AIMO Prize, including advising on appropriate protocols and technical aspects, and designing the various competitions and prizes.
Terence Tao, Fields Medallist and Professor of Mathematics at UCLA, commented:
“Despite recent advances, using AI to solve, or at least assist with solving, advanced mathematical problems remains an incredibly complicated and multifaceted challenge. It will be important to experiment with multiple approaches to this goal, and to benchmark the performance of each of them.
The AIMO Prize promises to provide at least one such set of benchmarks which will help compare different AI problem solving strategies at a technical level, in a manner that will be accessible and appealing to the broader public.”
Timothy Gowers, Fields Medallist and Professor of Combinatorics at the Collège de France, commented:
“Machine learning methods have had spectacular success in several domains, but their performance on tasks that involve multi-step reasoning still lags behind. For this reason, solving advanced mathematics problems has been increasingly recognised as a major frontier for AI, the passing of which has the potential to open up a new wave of important applications. The AIMO prize will play a valuable role by stimulating research in this direction.
It is particularly welcome that the prizes are for publicly available research, as this will lead to faster and more efficient progress.”
There will be a grand prize of $5mn for the first publicly shared AI model to enter an AIMO approved competition and perform at a standard equivalent to a gold medal in the IMO. There will also be a series of progress prizes, totalling up to $5mn, for publicly shared AI models that achieve key milestones towards the grand prize.
The first AIMO approved competitions will open to participants in early 2024. There will be a presentation of progress held in Bath, England in July 2024, as part of the 65th IMO. More information on the progress prizes will be shared shortly.
Eoghan Flanagan, Director of the AIMO Prize, commented:
“We are delighted to welcome such esteemed members of the mathematical community to the advisory committee of the AIMO Prize. I look forward to working with them on developing and growing the Prize.”
For more information and updates on the AIMO Prize visit: https://aimoprize.com/
Advisory Committee member profiles:
Timothy Gowers
After winning a gold medal in the IMO in 1981, Timothy studied mathematics at Trinity College, Cambridge, where he did his PhD and was then a research fellow. After a period at University College London, he returned to Trinity, first as a lecturer and then as the Rouse Ball Professor of Mathematics. From 2009-2020 he was a Royal Society Research Professor, and since October 2020 has been Professor of Combinatorics at the Collège de France. He discovered the first quantitative proof of Szemerédi’s theorem and has subsequently worked in additive combinatorics, for which he was awarded a Fields Medal in 1998. In recent years, he has worked on automatic theorem proving and currently heads a research group in that field, concentrating on symbolic methods.
Po-Shen Loh
Po-Shen is a mathematics professor at Carnegie Mellon University, and a social entrepreneur who uses combinatorics and game theory to invent solutions ranging from education to pandemic control. He was an IMO silver medallist in his youth and then served a decade-long term as the Coach of the USA IMO Team, during which the team ranked #1 in the world four times. His lectures and events take him all over the world, reaching over 10,000 people in person and millions on YouTube each year. He received the United States Presidential Early Career Award for Scientists and Engineers, and is a Hertz Fellow.
Dan Roberts
Dan is an AI Fellow at Sequoia Capital and a researcher at MIT. Prior to joining Sequoia in 2023, he co-founded Diffeo, an AI company acquired by Salesforce, and was a research scientist at Facebook AI Research. As an AI researcher, he co-authored the book “The Principles of Deep Learning Theory,” published by Cambridge University Press. He was a postdoc at the Institute for Advanced Study at Princeton, completed a PhD in theoretical physics from MIT funded by a Hertz Fellowship, and studied in the UK as a Marshall Scholar.
Geoff Smith
Geoff Smith MBE is an activist in the mathematics olympiad community and has been involved in mathematics enrichment since 1990 and mathematics competitions since 1999. He was the elected President of the IMO between 2014 and 2022. He is the Chair of the United Kingdom Mathematics Trust and he was instrumental in setting up the European Girls’ Mathematical Olympiad in 2012, an event which now prospers under female governance. His academic career started in group theory, but later widened to include geometry and contributions to papers in the life sciences and social science. He is also an honorary reader in mathematics at the University of Bath.
Terence Tao
Terence Tao was born in Adelaide, Australia in 1975. He participated in three IMOs, culminating in a gold medal in 1987. He is a professor of mathematics at UCLA, having completed his PhD under Elias Stein at Princeton in 1996. His areas of research include harmonic analysis, PDE, combinatorics, and number theory. He has received a number of awards, including the Salem Prize in 2000, the Fields Medal in 2006, the MacArthur Fellowship in 2007, the Crafoord prize in 2012 and the Breakthrough Prize in Mathematics in 2015. Terence also holds the James and Carol Collins chair in mathematics at UCLA, is a fellow of several national academies and also serves on the President’s Council of Advisors on Science and Technology.
About XTX Markets:
XTX Markets is a leading financial technology firm which partners with counterparties, exchanges and e-trading venues globally to provide liquidity in the Equity, FX, Fixed Income and Commodity markets. XTX has over 200 employees based in London, Paris, New York, Mumbai, Yerevan and Singapore. XTX is consistently a top 5 liquidity provider globally in FX (Euromoney 2018-present) and is also the largest European equities (systematic internaliser) liquidity provider (Rosenblatt FY: 2020-2023).
The company’s corporate philanthropy focuses on STEM education and maximum impact giving (alongside an employee matching programme). Since 2017, XTX has donated over £100mn to charities and good causes, establishing it as a major donor in the UK and globally.
In a changing world XTX Markets is at the forefront of making financial markets fairer and more efficient for all.
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Fintech PR
Tabono Capital Announces Strategic Partnership with Invesco to Deliver Enhanced Investment Solutions for UHNW Clients
SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Tabono Capital today has announced a strategic partnership with Invesco that enhances investment solutions for ultra-high-net-worth clients.
Tabono Capital, a multi-family office based in Singapore, collaborates with Invesco, a global investment management leader with over US$1.7 trillion in assets under management. This partnership merges Invesco’s institutional-grade investment expertise, cutting-edge portfolio solutions, and comprehensive research capabilities with Tabono Capital’s strong relationships with ultra-high-net-worth (UHNW) families across the Asia Pacific and Middle East regions.
This collaboration enables Tabono Capital’s clients to benefit from the extensive resources and scale of Invesco’s capabilities. For Invesco, the partnership provides enhanced access to sophisticated investors in key growth markets.
Key elements of the partnership include:
- Implementation and construction of model portfolios and asset allocation frameworks
- Access to institutional-grade investment research and comprehensive market insights for UHNW clients
- Knowledge sharing and collaboration on market intelligence and investor insights
Nirish Unni, CEO & Co-Founder of Tabono Capital, emphasized the significance of the partnership: “This partnership represents a significant milestone in our growth strategy. By leveraging Invesco’s world-class investment research and asset allocation capabilities, we can provide our clients with institutional-grade investment solutions while maintaining the personalized service they expect from a boutique multi-family office.”
Santosh Rao, Co-Founder and Chief Revenue Officer of Tabono Capital, added: “Our clients increasingly seek institutional-quality investment solutions with global reach. This collaboration with Invesco allows us to deliver exactly that, while maintaining our personalised approach to client service. Together, we will create portfolios designed to capture opportunities in key global markets while effectively managing risk.”
Christopher Hamilton, Asia Pacific Head of Client Solutions for Invesco, stated: “We’re proud to partner with Tabono Capital to bring our industry-leading offerings and capabilities to Asia’s expanding family office and UHNW segment. This is a compelling platform for investors to access comprehensive strategies that can help them meet their financial goals.”
About Tabono Capital
Tabono Capital is a multi-family office headquartered in Singapore, licensed by the Monetary Authority of Singapore (MAS) to provide Fund Management services. Co-founded by industry veterans and former private wealth managers Nirish Unni and Santosh Rao, the firm caters to ultra-high-net-worth families across the Asia Pacific and MENA regions, offering comprehensive wealth management and family office solutions. For more information, visit https://tabonocapital.com
Contact: [email protected]
About Invesco
Invesco Ltd. (NYSE: IVZ) is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. With offices in more than 20 countries, our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. For more information, visit www.invesco.com/corporate.
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SYDNEY, Nov. 25, 2024 /PRNewswire/ — Protecht Group, a global leader in enterprise risk management solutions, has released its innovative controls management solution. This cutting-edge tool empowers organizations to design, implement, and maintain a robust controls framework, streamlining compliance and enhancing operational efficiency.
Protecht’s controls management solution addresses the challenges faced by risk and compliance leaders in managing controls across complex regulatory environments. By integrating controls management into the organization’s broader ERM framework, the solution provides a centralized approach to mitigate risks, achieve compliance, and enable organizations to focus on strategic growth.
As organizations face increasing regulatory pressures, the need for a unified, efficient approach to controls management has never been greater. Many businesses struggle with fragmented processes, duplicated efforts across frameworks, and limited visibility into controls effectiveness. Protecht’s controls management solution simplifies these complexities by providing a single source of truth for controls assurance activities.
Key features of Protecht’s controls management solution
- Centralized controls library: Offers a single repository for all control data, tailored to align with organizational needs and regulatory frameworks.
- Simplified control testing: Streamlines the testing process with pre-built templates, automated scheduling, and real-time tracking of progress and results.
- Framework library: Enables seamless mapping between controls and multiple regulatory standards to eliminate redundancies and simplify compliance efforts.
- Advanced reporting and dashboards: Provides real-time insights into control effectiveness and areas requiring improvement, ensuring confidence in decision-making and risk management strategies.
“Protecht’s Controls Management solution simplifies the way organizations handle compliance and risk assurance,” says Damien Stevens, Chief Product & Marketing Officer at Protecht. “By integrating controls into the broader enterprise risk framework, we provide our customers with the tools they need to mitigate risks, optimize efficiency, and align their control environments with their strategic objectives.”
Supporting resources
To help organizations maximize the benefits of the new solution, Protecht offers a range of resources, including:
- Live webinars showcasing the solution’s capabilities for risk and IT professionals alike
- Product tours showing how the solution lets you solve specific controls-related problems
- A comprehensive eBook on building effective controls frameworks
- Opportunities to book a demo and see the solution in action
Find out more and download a brochure at www.protechtgroup.com/solutions/controls-management
About Protecht Group
Headquartered in Sydney, Australia, with offices in London and Los Angeles, Protecht Group provides innovative risk management solutions, including the Protecht ERM platform. Trusted by organizations across government, financial services, education, and other industries, Protecht empowers businesses to manage risk holistically, transitioning from spreadsheets and manual processes to efficient, integrated systems.
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Fintech PR
Robert Rahman Joins Dinosaur Group Holdings to Head its New Global Corporate Credit Securities Market Unit in the US, Europe & Asia
NEW YORK, Nov. 25, 2024 /PRNewswire/ — Dinosaur Financial Group LLC. (DFG), a New York based Investment Firm and Dinosaur Merchant Bank Ltd. (DMBL), a London based Institutional Brokerage announced the joining of Robert Rahman as the Global Head of the newly created Global Corporate Credit Securities (GCCS) unit.
Dinosaur Group’s new GCCS initiative seeks to provide clients with an alternative to the bulge bracket that will not compete with clients and seeks to offer those clients, a partner that can deliver reliable and trustworthy execution capabilities in a difficult liquidity backdrop. Robert’s new unit will complement the firm’s existing global footprint in Fixed Income.
Robert will oversee the sales, trading, and research business globally for Corporate Investment Grade, High Yield, Distressed, Stressed, Special Situations, Levered Loans, Re-Org Equities, Trade Claims, Private Credit and Converts within the GCCS unit.
Before Dinosaur, he was the Head of High Yield, Distressed and Loans within the capital markets division of Oppenheimer and Co (OPY) where he worked for the last 16 years. He has also been a senior member of Morgan Stanley’s High Yield sales team and has over 30 years of experience in all aspects of Institutional Credit. Robert started his career as a Credit Analyst within Salmon Brothers revered “Corporate Bond Research” team and at Donaldson, Lufkin & Jenrette’s “Leveraged Finance Research” team.
Announcing his appointment, Glenn Grossman, CEO, Dinosaur Group said, “Robert’s deep client and issuer relationships along with his previous success in leading and building global credit teams will help the group to provide institutional clients with an additional liquidity platform for one stop credit trading across the world. We are very excited to see the new business grow under his leadership.”
Elliot Grossman, Managing Director added, “With Robert’s leadership, the group seeks to help institutional investors by providing capital to help facilitate trades versus being another riskless agency credit shop.”
Speaking about joining the Dinosaur group and his plans for the new business, Robert said, “I was attracted to the group given its established track record of providing client solutions in Fixed Income, globally for the past 25 years. My focus will be to provide institutional investors with an enhanced global liquidity platform for the US, European and Asian markets. I look forward to building this business at DFG.”
He also stated, “Sourcing trading block paper is nuanced and requires deep and long-standing client relationships from the trader, analyst, PM and CIO level. The new team will look to gain Fixed Income clients’ trust, add value and provide liquidity while so many competitors retrench.”
About Dinosaur Group Holdings
Dinosaur Group Holdings (DGH) is the holding company for Dinosaur Financial Group LLC. (DFG), an investment firm registered with the SEC and a member of FINRA and SIPC, Dinosaur Merchant Bank Ltd. (regulated by the FCA) and New York-based SEC-registered investment firm DCM Advisors, LLC.
Deploying a team of approximately 150 professionals, the overall organization provides global execution services, financing and advisory expertise/insights for equities, fixed income, commodities and derivatives, investment management as well as a suite of investment banking services providing financial solutions and capital markets execution to the middle market client base, both domestically and globally. Clients and counterparties spanning six continents are primarily institutions, family offices, asset managers, hedge funds, and corporations. Dinosaur Group takes pride in the business’ stable management, strong compliance, solid operations, and diverse talent.
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