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Billionaire Gerko’s XTX Pours Millions Into AI for Mathematicians

AI,Technology

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Billionaire Alex Gerko ’s quantitative-trading firm XTX Markets has donated $9.2 million to a new fund that aims to accelerate the use of artificial intelligence by mathematicians.

The ultimate goal of the AI for Math Fund is to build a digital assistant, or copilot, to help math specialists, just as these tools have aided coders, said Tom Kalil, CEO of Washington D.C.-based Renaissance Philanthropy, which is partnering with XTX to launch the fund.

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