Billionaire Gerko’s XTX Pours Millions Into AI for Mathematicians
- $9 million fund will sponsor AI tools for mathematicians
- AI for Math Fund aims to give them an edge enjoyed by coders
XTX has long focused its philanthropic efforts on math and science.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
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.