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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Gatemore Capital Management LP
(together with the funds it manages, “Gatemore”)
Gatemore calls for immediate leadership changes to realise YouGov’s full value
LONDON, Jan. 14, 2025 /PRNewswire/ — In a public letter sent to the Board of Directors of YouGov, Gatemore calls for decisive action to address the issues driving the Company’s underperformance.
The full text of Gatemore’s open letter can be found by clicking here.
White & Case LLP serves as legal adviser to Gatemore Capital Management LP.
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In relation to the United Kingdom, this announcement is being issued only to, and is directed only at, (i) investment professionals specified in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended (the “Order”), (ii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order and (iii) persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the Financial Services and Markets Act 2000) in connection with the issue or sale of any securities of YouGov or any member of its group may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “Permitted Recipients”). Persons who are not Permitted Recipients must not act or rely on the information contained in this announcement.
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Fintech PR
Amrop, a Leading Global Executive Search and Leadership Consulting Firm, Announces New Office in Colombia
BRUSSELS, Jan. 14, 2025 /PRNewswire/ — The Executive Search division of Colombian-based Human Capital joins the Amrop Partnership SC, a leading global Executive Search and Leadership Consulting firm.
Led by José Manuel Acosta Gómez, CEO, Human Capital was founded in Bogotá in 2002. In addition to Executive Search and Leadership Consulting, the firm also has strong business lines offering in Intelligent Total Rewards, Employee Experience, Communications and Change Management, Labor Relations, Organizational Transformation and BPO/HR process management.
The firm’s Executive Search and Leadership Consulting business will now trade under the Amrop brand.
The new Amrop Colombia serves clients from the country’s key economic sectors, including Oil & Gas, Logistics, Mining, Agriculture & Food Processing, Consumer Products & Services, and Manufacturing.
“We are delighted to establish Amrop’s presence in Colombia,” said Annika Farin, Amrop’s Global Chair. “Our new team brings a deep understanding of the local talent market, combined with a high degree of ambition and professionalism, and strong shared values with Amrop. Together, we are uniquely positioned to foster regional synergies and tailor our solutions to address our clients’ increased needs for executive talent in the Colombian market and across the entire region.”
José Manuel Acosta Gómez added, “Colombia is a significant market for executive search and leadership consulting in Latin America, and we are proud to join Amrop’s global partnership. In a business environment where leadership defines success, our integration with Amrop marks a key milestone in our strategy to strengthen executive talent in Colombia and the region. By joining one of the most prestigious global networks in Executive Search, we offer organizations not only access to world-class leaders, but also a consultative, agile and deeply aligned approach to current market challenges. This alliance is a statement of our commitment to be the strategic partner that connects companies with the leadership needed to transform their future.”
Amrop’s new Colombia office is located at Carrera 11B #97-56, Edifico Ápice, Bogotá.
The addition of the Colombia office reinforces the group’s leading presence in the region, with teams in Argentina, Brazil, Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Panama, Peru and across the Central America & Caribbean region.
Visit www.amrop.com.co
About Amrop
Amrop is a global leadership consulting firm, offering retained Executive Search, Board and Leadership Advisory services. We advise the world’s most dynamic, agile organizations on identifying and positioning Leaders For What’s Next – adept at working across borders, in markets around the world. Established in 1977, Amrop operates in Asia, EMEA and the Americas across 69 offices in 57 countries.
Logo: https://mma.prnewswire.com/media/1755576/Amrop_Logo.jpg
CONTACT:
The Amrop Partnership SC
Rue Abbé Cuypers 3
1040 Brussels, Belgium
T. +32 471 733 825
E. [email protected]
Brigitte Arhold, COO
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STOCKHOLM, Jan. 13, 2025 /PRNewswire/ — SciBase Holding AB (“SciBase” or the “Company”) today announces the preliminary outcome of the capital raise, consisting of a rights issue of units of approximately SEK 59.3 million (the “Rights Issue”) and a directed issue of units, deviating from existing shareholders’ preferential rights, of approximately SEK 22.5 million (the “Directed Issue”), that was announced on November 12, 2024 (the “Capital Raise”). All 16,669,624 units in the Directed Issue have been subscribed and paid for, and thus the Board of Directors of SciBase plans to resolve on allocation of units to the investors in the Directed Issue on January 14, 2025. The preliminary outcome of the Rights Issue indicates that 22,916,119 units, corresponding to approximately 52.2 percent of the Rights Issue, were subscribed for both with and without the support of unit rights. The Rights Issue was covered to approximately 50.4 percent by subscription commitments, guarantee commitments and declarations of intentions to subscribe for units. Consequently, the guarantee commitments will not be utilized. Through the Rights Issue, the Company will initially receive approximately SEK 30.9 million, and through the Directed Issue the Company will initially receive approximately SEK 22.5 million, before issuance costs. Should all attached warrants of series TO 3 (the “Warrants”), relating to the issued units in the Capital Raise, be exercised, the Company may receive an additional amount of minimum SEK 53.4 million and maximum SEK 89.1 million.
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, BELARUS OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION REQUIRES ADDITIONAL PROSPECTUSES, REGISTRATION OR OTHER MEASURES BEYOND THOSE REQUIRED BY SWEDISH LAW, IS PROHIBITED, OR OTHERWISE CONTRARY TO APPLICABLE RULES IN SUCH JURISDICTION OR CANNOT BE DONE WITHOUT APPLICATION OF EXEMPTIONS FROM SUCH MEASURES. SEE THE SECTION “IMPORTANT INFORMATION” AT THE END OF THIS PRESS RELEASE.
Allocation of units in the Directed Issue
All units in the Directed Issue have been subscribed and paid for, and thus, the Board of Directors of SciBase intends to resolve on the allocation of 16,669,624 units in the Directed Issue, on January 14, 2025, in conjunction with the Company’s resolution on allocation based on the final outcome in the Rights Issue. Each unit in the Directed Issue consists of three (3) shares and three (3) Warrants. Through the Directed Issue, the Company will initially receive approximately SEK 22.5 million before issuance costs.
Outcome in the Rights Issue
The subscription period in the Rights Issue ended on January 13, 2025 and the preliminary subscription summary indicates that 22,674,031 units, corresponding to approximately SEK 30.6 million, or approximately 51.6 percent of the Rights Issue, were subscribed for with the support of units rights and 242,088 units, corresponding to approximately SEK 0.3 million, or approximately 0.6 percent of the Rights Issue, were subscribed for without the support of unit rights, for a combined total subscription, with and without the support of unit rights, of approximately 52.2 percent. The Rights Issue was covered to approximately 50.4 percent by subscription commitments, guarantee commitments and declarations of intentions to subscribe for units. Consequently, the guarantee commitments will not be utilized. Through the Rights Issue, the Company will initially receive approximately SEK 30.9 million before issuance costs.
Allocation of units in the Rights Issue will be conducted according to the principles specified in the EU growth prospectus issued in connection with the Rights Issue, published on December 20, 2024 (the “Prospectus“). Notifications regarding the allocation of units subscribed without the support of unit rights will be sent via contract notes to those allocated units. Nominee-registered shareholders will receive allocation notifications in accordance with the procedures of each respective nominee.
Number of shares and share capital
As a result of the Rights Issue, the Company’s share capital increases by SEK 3,437,417.85, from SEK 10,976,920.20 to SEK 14,414,338.05, through the issuance of 68,748,357 shares. Thus, the number of shares increases from 219,538,404 to 288,286,761 shares. The dilution effect amounts to 23.8 percent.
Through the Directed Issue, the number of shares in SciBase will increase by 50,008,872 shares, from a total of 288,286,761 shares (calculated on the total number of shares in the Company after the Rights Issue) to a total of 338,295,633 shares. As a result of the Directed Issue, the Company’s share capital will increase by SEK 2,500,443.60, from SEK 14,414,338.05 (calculated on the Company’s share capital after the Rights Issue) to SEK 16,914,781.65. The dilution effect from the Directed Issue amounts to approximately 14.8 percent of the number of shares in the Company (calculated on the total number of shares in the Company after the Rights Issue and the Directed Issue).
Should all Warrants, issued in the Capital Raise, be exercised, the number of shares will increase by an additional 118,757,229 and the share capital will increase by an additional SEK 5,937,861.45, corresponding to an additional dilution effect of approximately 26.0 percent of the total number of shares and votes in the Company (calculated on the total number of shares in the Company after the Rights Issue, the Directed Issue and full exercise of all Warrants).
Trading in BTU
Trading in paid subscribed units (“BTU“) will continue on Nasdaq First North Growth Market up to, and including, January 17, 2025.
Warrants
One (1) Warrant entitles to subscription of one (1) new share in the Company during the period from and including November 24, 2025, until and including, December 5, 2025. The subscription price when exercising the Warrants will be determined as 80 percent of the volume-weighted average price of the Company’s shares on Nasdaq First North Growth Market during the measurement period from and including November 10, 2025, until and including, November 21, 2025, however, no less than SEK 0.45 and no more than SEK 0.75 per share.
Advisors
SciBase has engaged Penser by Carnegie as financial advisor and Advokatfirman Schjødt as legal advisor in connection with the Capital Raising.
Certified Advisor (CA):
Carnegie Investment Bank AB (publ)
Phone: +46 (0)73 856 42 65
E-mail: [email protected]
For additional information, please contact:
Pia Renaudin, CEO, tel. +46732069802, e-mail: [email protected]
The information was submitted for publication, through the agency of the contact person set out above, at 8.00 PM on January 13, 2025.
About SciBase
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to enhance diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The Company has been listed on Nasdaq First North Growth Market since June 2, 2015, and the Certified Advisor is Carnegie Investment Bank AB (publ). For more information, visit www.SciBase.com. All press releases and financial reports can be found here: http://investors.scibase.se/sv/pressmeddelanden.
Important information
Publication, release or distribution of this press release may in certain jurisdictions be subject to legal restrictions and persons in the jurisdictions where this press release has been made public or distributed should be informed of and follow such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer or solicitation to buy or subscribe for any securities in SciBase in any jurisdiction, either from SciBase or from anyone else.
This press release is not a prospectus according to the definition in Regulation (EU) 2017/1129 (the “Prospectus Regulation“) and has not been approved by any regulatory authority in any jurisdiction. Acquisition of Units in the Rights Issue should only be made on the basis of the information in the formal Prospectus published by the Company in connection with the Rights Issue and which is made available on the Company’s website, https://investors.scibase.se/en/mid-disclaimer/107/83.
This press release does not constitute an offer or solicitation to buy or subscribe for securities in the United States. The securities mentioned herein may not be sold in the United States without registration, or without an exemption from registration, under the U.S. Securities Act from 1933 (“Securities Act“) and may not be offered or sold within the United States without being registered, covered by an exemption from, or part of a transaction that is not subject to the registration requirements according to the Securities Act. There is no intention to register any securities mentioned herein in the United States or to issue a public offering of such securities in the United States. The information in this press release may not be released, published, copied, reproduced or distributed, directly or indirectly, wholly or in part, in or to Australia, Belarus, Canada, Hong Kong, Japan, New Zealand, Russia, Switzerland, Singapore, South Africa, the United States or any other jurisdiction where the release, publication or distribution of this information would violate current rules or where such an action is subject to legal restrictions or would require additional registration or other measures beyond those that follow from Swedish law. Actions in contravention of this instruction may constitute a violation of applicable securities legislation.
Forward-looking statements
This press release contains forward-looking statements related to the Company’s intentions, estimates or expectations with regard to the Company’s future results, financial position, liquidity, development, outlook, estimated growth, strategies and opportunities as well as the markets in which the Company is active. Forward-looking statements are statements that do not refer to historical facts and can be identified by the use of terms such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “will,” “may,” “implies,” “should,” “could” and, in each case, their negative, or comparable terminology. The forward-looking statements in this press release are based on various assumptions, which in several cases are based on further assumptions. Although the Company believes that the assumptions reflected in these forward-looking statements are reasonable, there is no guarantee that they will occur or that they are correct. Since these assumptions are based on assumptions or estimates and involve risks and uncertainties, actual results or outcomes, for many different reasons, may differ materially from those what is stated in the forward-looking statements. Due to such risks, uncertainties, eventualities and other significant factors, actual events may differ materially from the expectations that expressly or implicitly are contained in this press release through the forward-looking statements. The Company does not guarantee that the assumptions which serve as a basis for the forward-looking statements in this press release are correct, and each reader of the press release should not rely on the forward-looking statements in this press release. The information, opinions and forward-looking statements that expressly or implicitly are stated herein are provided only as of the date of this press release and may change. Neither the Company nor any other party will review, update, confirm or publicly announce any revision of any forward-looking statement to reflect events that occur or circumstances that arise with respect to the contents of this press release, beyond what is required by law or Nasdaq First North Growth Market Rulebook for Issuers of Shares.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
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Preliminary outcome |
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