Business Daily Media

Men's Weekly

.

XTX Markets invites entries for first $1.048mn progress prize as Artificial Intelligence Mathematical Olympiad competition opens

  • Written by PR Newswire

LONDON, April 2, 2024 /PRNewswire/ -- XTX Markets is excited to announce the opening of the first $1.048 million progress prize for the Artificial Intelligence Mathematical Olympiad (AIMO), on the Kaggle platform.

This initiative is part of the $10 million AIMO Prize, launched in November 2023, aimed at fostering the development of AI models capable of mathematical reasoning. The ultimate goal is to create a publicly shared AI model that could achieve a gold medal standard at the International Mathematical Olympiad (IMO).

The grand prize of $5 million will be awarded to the first AI model that competes in an AIMO Prize-approved competition and attains a performance equivalent to an IMO gold medal.

To encourage continuous progress towards this goal, XTX Markets has introduced a series of progress prizes.

This first progress prize includes problems at intermediate-level high school mathematics competitions, but do not reach IMO difficulty. It is open from 1 April to 27 June, with the prizes to be distributed to up to five teams in July 2024 at the 65th IMO in Bath, UK.

First Progress Prize Details:

  • $1.048 million prize pool.
  • The Kaggle platform's private leaderboard will determine the distribution of $253,952 among the top five teams, based on minimum performance criteria.
  • Remainder of the pool will go to the first team scoring at least 47/50 on both public and private leaderboards. If not won, it will roll over to the next year's prize pool.
  • Eligibility for prizes requires the open publication of the teams' code, methodology, data, and model parameters.

For more competition details, visit the Progress Prize participant page on Kaggle: https://www.kaggle.com/competitions/ai-mathematical-olympiad-prize/[1], the AIMO Prize website: https://aimoprize.com/[2] or join the conversation on Reddit: https://www.reddit.com/r/AIMOprize/[3].

Dr Geoff Smith MBE, Honorary Reader in Mathematics at the University of Bath, commented:

"I am delighted that XTX Markets have launched a serious, objective test for AI. It is all very well to simulate casual human blather, but hopefully this will see if it can begin to simulate proper reasoning."

Read more https://www.prnasia.com/story/archive/4374708_AE74708_0

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Leftover Budget? The Last-Minute EOFY Tip to Drive Business Success in FY25/26

The countdown is on. With just days left until EOFY, now’s the time to make your remaining 2024–2025 budget work harder and smarter. After workin...

Sell by LayBy