XTX Markets Launches $9.2 Million AI for Math Fund to Accelerate Mathematical Discoveries

XTX Markets Launches AI for Math Fund

Quantitative-trading firm XTX Markets, founded by billionaire mathematician Alex Gerko, has announced a $9.2 million donation to establish the AI for Math Fund. This initiative aims to accelerate the use of artificial intelligence in mathematics and develop AI-powered tools for mathematicians 1

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Fund Objectives and Grant Structure

The AI for Math Fund will offer grants of up to $1 million for research proposals that push the boundaries of mathematics using AI and machine learning. These projects can last up to two years, with a focus on several key areas 2

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1. Software tools at the intersection of AI and math
2. Open-source datasets
3. Field-building initiatives for the AI-focused math community
4. High-risk and high-reward research approaches

A particular emphasis will be placed on AI-based automation tools for verifying proofs, which could enable a vast expansion in mathematical knowledge.

Partnership and Leadership

The fund is being launched in partnership with Renaissance Philanthropy, a Washington D.C.-based nonprofit led by Tom Kalil, former employee of Schmidt Futures. Kalil, now CEO of Renaissance Philanthropy, stated that the ultimate goal is to build a digital assistant or copilot to help math specialists, similar to how AI tools have aided coders 1

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XTX Markets and Alex Gerko

XTX Markets, founded by Alex Gerko in 2015, is a London-based firm that trades more than $250 billion a day. The company has about 250 employees with diverse backgrounds in math, physics, and machine learning. XTX is currently constructing a data center in Finland to enhance its computational power, which already includes a research cluster of over 25,000 AI chips 2

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Previous Philanthropic Efforts

This is not XTX's first venture into mathematics-focused philanthropy. The firm previously established the $10 million AI Mathematical Olympiad Prize to encourage the development of AI models capable of winning a gold medal in the International Mathematical Olympiad. Since 2017, XTX has committed more than £250 million ($318 million) to philanthropy, with over £50 million ($64 million) dedicated to grants supporting careers and education in math in the UK 2

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Advisory Board and Expert Opinions

The AI for Math Fund has assembled a distinguished advisory board, including:

• Terence Tao: Fields medalist and mathematics professor at UCLA
• Anima Anandkumar: Professor of computing at Caltech and former senior director of AI research at Nvidia
• Albert Quiaco Jiang: Researcher at French startup Mistral AI

Terence Tao expressed optimism about the potential of next-generation AI models and tools to enhance collaboration among mathematicians in previously impossible ways 2

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Timeline and Impact

Grant decisions for the AI for Math Fund will be announced in April 2025. As AI continues to transform various scientific fields, XTX and its partners believe that mathematics will be the next frontier for significant AI-driven advancements 2

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