XTX Market has announced the Artificial Intelligence Mathematical Olympiad (AIMO) Prize, a competition with a prize of $10 million aimed at supporting the development of a publicly available AI model capable of winning the gold medal in the International Mathematical Olympiad (IMO).
The company is proud to be supported by prominent mathematicians as well as AI and machine learning specialists. The members of the Advisory Committee for the AIMO Prize include distinguished mathematicians Timothy Gowers and Terence Tao, who are both recipients of the Fields Medal, an esteemed award in the world of mathematics. Other members of the committee include Po-Shen Loh, former coach of the IMO team USA, Dan Roberts, an AI researcher, and Geoff Smith, former President of the IMO.
The Advisory Committee develops the framework for the AIMO Prize, including the appropriate protocols and technical aspects, and designs the various competition formats and awards. Their guidance and expertise will be invaluable in ensuring the success of the AIMO Prize.
Terence Tao, recipient of the Fields Medal and professor of mathematics at the University of California (UCLA), expressed that, although there have been significant advances in AI, solving complex mathematical problems remains a huge challenge. The AIMO Prize aims to measure the effectiveness of various AI-based problem-solving strategies on a technical level and present them to the public for evaluation.
In addition, Timothy Gowers, also a recipient of the Fields Medal and professor of combinatorics at the Collège de France, emphasized that machine learning has achieved success in many areas. However, complex mathematical problems have been considered a major hurdle for AI. Overcoming this challenge could open up numerous new and important applications, making the AIMO Prize a significant driving force for research in this direction.
The grand prize of $5 million will be awarded to the first publicly available AI model to achieve a result equivalent to an IMO gold medal. Additional Advance Prizes, totaling up to $5 million, will be awarded to publicly available AI models that achieve important milestones on the way to the grand prize.
The AIMO Prize aims to open the first AIMO-eligible competitions to participants in early 2024. The competitions in Bath, England, in July 2024 will present an opportunity for showcasing progress. For more information and updates on the AIMO Prize, please visit aimoprize.com.
The members of the advisory committee are accomplished in their fields. Timothy Gowers has made significant contributions to the field of combinatorics, while after-Po-Shen Loh is known for his work in mathematics and game theory as well as his achievements in the IMO. Dan Roberts is an AI researcher with experience at top organizations such as Sequoia Capital and Facebook, and Geoff Smith, with expertise on mathematics competitions and a background in group theory, has played a significant role in promoting mathematics education.
XTX Markets, the company behind the AIMO Prize, is a leading financial technology company with a global presence, facilitating investment for equity, FX, fixed income, and commodities markets. The company’s philanthropic efforts include promoting STEM education and supporting various charitable causes, and since 2017, XTX has donated over £100 million to charitable organizations and causes.
In a rapidly-changing world, XTX Markets remains at the forefront, driving fairer and more efficient financial markets for everyone.
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