XTX Markets Launches $10M AI-MO Prize to Elevate AI in Math Olympiad

<p>XTX Markets is introducing the
AI-MO Prize, a $10 million challenge fund designed to encourage the development
of a publicly-shared AI model capable of achieving a gold medal in the
International Mathematical Olympiad (IMO).</p>
<h1>AI-MO Prize's Quest for Advanced
Mathematical Reasoning</h1>
<p>A $5 million grand prize awaits
the initial publicly-shared AI model participating in an AI-MO approved
competition, demonstrating a performance equivalent to achieving a gold medal
in the IMO.</p>
<p>Additionally, progress prizes
totaling up to $5 million will be granted for publicly-shared AI models
reaching key milestones. The AI-MO Prize aims to advance beyond existing large
language models and foster the creation of new AI models capable of
mathematical reasoning, potentially representing a new Turing Test.</p>
<p>Gregor Dolinar, the President of International Mathematical Olympiad, commented: "Using hard mathematical
problems as a benchmark to determine if AI can match the highest cognitive
functions of human beings is a wonderful idea.&nbsp;Every year, more than 600
of the best students from more than 110 countries are challenged with six
extremely difficult IMO problems, typically only one or two students solve all
six IMO problems in the allotted nine hours.”</p>

<p>“I am sure that many people will
be following the AI-MO Prize with great excitement, to see when, in the future,
AI will match the world's brightest young minds."</p>
<p>Terence Tao, a Fields Medallist
from UCLA, conveyed that despite recent advances, the utilization of AI for
solving or assisting with advanced mathematical problems remains a highly
complex and multifaceted challenge. </p>
<p>He emphasized the importance of
experimenting with multiple approaches to this goal and benchmarking the
performance of each. According to him, the AI-MO Prize holds promise in
providing a set of benchmarks that will aid in comparing different AI
problem-solving strategies at a technical level, presented in a manner that is
accessible and appealing to the broader public.</p><blockquote><p lang="en" dir="ltr">Delighted to be
launching the Artificial Intelligence Mathematical Olympiad Prize with 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).<a href="https://t.co/OdbDqax8Oe">https://t.co/OdbDqax8Oe</a>
<a href="https://t.co/6UBXmCsQIC">pic.twitter.com/6UBXmCsQIC</a></p>—
XTX Markets (@xtxmarkets) <a href="https://twitter.com/xtxmarkets/status/1729137549632057701?ref_src=twsrc%5Etfw">November
27, 2023</a></blockquote>

<h2>Competition Dynamics: AI-MO
Advisory Committee and Olympiad Problem-Setters</h2>

<p>The competition, set to open in
early 2024, will be overseen by an AI-MO Advisory Committee, featuring
mathematicians, <a href="https://www.financemagnates.com/tag/ai/">AI</a>
experts, and experienced Olympiad problem-setters. Full details on competition
rules and entry criteria will be released in due course. </p>
<p>Simon Coyle, the Head of
Philanthropy at XTX Markets, commented: "<a href="https://www.financemagnates.com/tag/xtx-markets/">XTX Markets</a>&nbsp;is launching the AI-MO Prize to spur the development of AI models
capable of mathematical reasoning. We look forward to working with
mathematicians, scientists and technologists to develop the prizes, and to
seeing how AI models compare against exceptional high-school
mathematicians."</p>
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This article was written by Tareq Sikder at www.financemagnates.com.