Renaissance Philanthropy and XTX Markets Unveil the New AI for Math Fund Worth $9.2 Million

Renaissance Philanthropy and XTX Markets Launch AI for Math Fund

On December 5, 2024, Renaissance Philanthropy and XTX Markets announced their collaboration in launching the AI for Math Fund, which is set to invest $9.2 million in groundbreaking projects. This fund aims to provide resources for the development of AI tools specifically designed to propel mathematical discovery and learning.

The integration of artificial intelligence (AI) in mathematics has garnered attention from leading researchers and mathematicians across the globe. With the establishment of the AI for Math Fund, Renaissance Philanthropy and XTX Markets are positioning themselves at the forefront of this innovative intersection. Alex Gerko, co-founder and CEO of XTX Markets, expressed enthusiasm about the initiative, stating, "This fund will support the critical intersection of AI and mathematics. Partnering with Renaissance Philanthropy, we aim to equip mathematicians with the necessary tools to advance their field. As AI continues to transform other sciences, we believe mathematics is the next frontier."

The fund welcomes project proposals from a diverse range of contributors, including researchers, nonprofit organizations, companies, mathematicians, software engineers, and computer scientists. Project categories eligible for funding include:

1. AI Production-Level Software Tools: Focusing on automation in formal proofs, code synthesis, and more.
2. Open-Source Datasets: Collections of mathematical theorems, proofs, and problems.
3. Development of Educational Resources: Textbooks, courses, and materials aimed at expanding the community of AI in mathematics.
4. Innovative High-Risk Projects: Ideas that could lead to substantial breakthroughs in AI-driven mathematical research.

XTX Markets stands as the founding donor of this initiative. Tom Kalil, CEO of Renaissance Philanthropy, indicated, "We are excited to partner with XTX Markets on this significant initiative. The convergence of AI and mathematics has the potential to advance fundamental mathematics, enhance AI's reasoning capabilities, and develop verifiable code synthesis."

After a thorough evaluation process, the fund will provide grants of up to $1 million for projects lasting up to 24 months. Renowned mathematician Terence Tao from UCLA, who also serves as an advisor to the AI for Math Fund, stated, "The next generation of AI models and tools has the potential to enhance collaboration among mathematicians, which was previously difficult. I’m thrilled to collaborate with Renaissance Philanthropy and XTX Markets to realize this potential through the AI for Math Fund."

About Renaissance Philanthropy

Renaissance Philanthropy is a nonprofit organization dedicated to inspiring a 21st-century renaissance by enhancing the ambitions of philanthropists, scientists, and innovators. They achieve this by advising philanthropists, illuminating innovative ideas, and nurturing ambitious initiatives.

About XTX Markets

XTX Markets is a premier algorithmic trading firm leveraging cutting-edge machine learning technology to generate price forecasts for over 50,000 financial instruments across various asset classes, including equities, fixed income, currencies, commodities, and cryptocurrencies. With an impressive trading volume of $250 billion daily, the firm operates globally and is committed to supporting philanthropy focused on education and research in mathematics. Since 2017, XTX Markets has donated over £250 million to charitable organizations and has set aside significant funding specifically for supporting elite mathematical talent worldwide.

As artificial intelligence reshapes several fields, the impact of the AI for Math Fund could extend far beyond mathematics, positioning it as a crucial element in the future of scientific exploration and discovery.