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$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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VILNIUS, Lithuania, Dec. 27, 2024 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, is excited to announce the launch of ALTCOIN Index, the first futures trading pair involving top altcoins. This innovative trading product offers users a one-click solution to efficiently track and trade major cryptocurrency trends with ease.
Traditionally used in stock markets, a futures index is a financial derivative that tracks the performance of a group of assets, such as stocks of commodities. These instruments were first introduced to simplify trading by allowing investors to speculate on or hedge against the collective movements of selected market sectors. Instead of purchasing individual stocks, traders are able to access broad market exposure in a single transaction, saving time and reducing costs.
In the cryptocurrency market, this new ALTCOIN/USDT futures trading pair works similarly by bundling the performance of the top mainstream cryptocurrencies by market capitalization, excluding Bitcoin (BTC) and stablecoins. The current index includes ETH, XRP, SOL, BNB, DOGE, ADA, TRX, AVAX, and SHIB. This approach is more efficient compared to buying individual cryptocurrencies or ETFs as this allows for direct speculation using tiered leverage options without the need to manage multiple positions, effectively diversifying trading risks associated with individual asset volatility.
Vivien Lin, Chief Product Officer of BingX, commented on the new offering: “By aggregating a range of leading cryptocurrencies into a single trading instrument, we’re giving users a practical and efficient way to better capture market trends. This index trading pair should help our less experienced users with their trading goals more easily, particularly when they are unsure which asset to trade and just want to trade major altcoins in general with leverage.”
BingX users can take advantage of tiered leverage options and competitive rates consistent with the platform’s perpetual futures terms, simplifying open order management and enhancing trading efficiency. The platform also ensures that the index composition remains current, with regular quarterly adjustments and temporary updates in response to market conditions.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 10 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information please visit: https://bingx.com/
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View original content:https://www.prnewswire.co.uk/news-releases/bingx-introduces-altcoin-index-futures-trading-one-click-countless-trends-302339486.html
SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.
The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.
Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).
Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”
Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.
Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”
With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.
Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.
About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.
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View original content:https://www.prnewswire.co.uk/news-releases/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure-302339478.html
PASAY CITY, Philippines, Dec. 26, 2024 /PRNewswire/ — The SM Group is approaching the coming year with cautious optimism, encouraged by the continued growth of the Philippine economy.
SM Investments President and Chief Executive Officer Frederic C. DyBuncio said that despite ongoing challenges of peso volatility and higher inflation, the business sector has adapted well.
Consistent demand sustained household spending in the third quarter, with Household Final Consumption Expenditure posting a year-on-year growth of 5.1%, maintaining the same level in the same quarter last year, data from the Philippine Statistics Authority showed.
“Any moderation in inflation should trigger a strong confidence rebound. This could create opportunities in consumer-focused sectors in the country and we are poised to cater to these evolving demands,” Mr. DyBuncio said.
To cater to growing demand, SM continues to expand into more underserved areas, contributing to sustainable economic development and collaborating with government stakeholders to enhance access to modern retail, financial services, and integrated property developments.
“By investing and expanding to more areas nationwide, SM creates new markets and improves access to these essential sectors, serving more communities and helping stimulate sustained economic activities,” he said.
Mr. DyBuncio also said SM continues to invest in promising ventures such as renewable energy and logistics, that foster economic activity.
SM has invested in the clean energy industry through Philippine Geothermal Production Company (PGPC) which produces 300 Megawatts of geothermal steam supply. SM aims to continue to develop geothermal concessions through PGPC in support of the Department of Energy’s goal of reaching 50% renewable energy supply by 2040.
To encourage circularity towards green energy production, SM’s property arm, SM Prime Holdings partnered with GUUN Co. Ltd. (GUUN) to implement the Japanese technique of reducing landfill impact. The technology converts non-recyclable and hard-to-recycle packaging into alternative fuel.
SM’s banking arm, BDO Unibank is one of the largest funders of renewable energy projects. BDO has funded PHP898 billion in sustainable finance, including loans to 59 renewable energy projects as of December 2023.
In logistics and tourism, the improvement of transport networks across the country’s archipelago connects tourist and industrial areas that will help create inclusive growth. SM though its subsidiary 2GO launched MV Masigla and MV Masikap in 2024 to help better connect goods to 19 ports across the country including Iloilo, Bacolod, Cagayan de Oro and Manila, further supporting the government’s push for medium term growth through an upgraded tourism infrastructure and ecosystem.
“Our focus for 2025 will be to drive purposeful growth, empowering communities and partners through our investments towards a sustainable future,” Mr. DyBuncio said.
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View original content:https://www.prnewswire.co.uk/news-releases/sm-approaches-2025-with-cautious-optimism-302339452.html
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