Robinhood CEO Tenev Announces Launch of AI Research Lab

Robinhood CEO Tenev Announces Launch of AI Research Lab

While there are a large number of reliable applications in the text AI chatbot segment, this field still urgently needs a fast and robust instrument for mathematical operations, admits the CEO of Robinhood.

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While there are a large number of reliable applications in the text AI chatbot segment, this field still urgently needs a fast and robust instrument for mathematical operations, admits the CEO of Robinhood.

Robinhood CEO Launches Harmonic Mathematics AI Lab

Vlad Tenev, CEO of popular trading platform Robinhood, announces the start of Harmony, a trading artificial intelligence research lab. The initiative will focus on building Mathematical Superintelligence (MSI), Tenev shared on his X account (formerly Twitter).

In this case, Mathematical Superintelligence should be considered an artificial intelligence with mathematical reasoning capabilities greater than those of all humans.

While modern large language models are capable of producing language that sounds and feels human, they demonstrate much worse performance when it comes to mathematical operations.

Meanwhile, bringing AI-powered mathematical instruments to life could be of utmost importance for a wide range of scientific disciplines:

Mathematics was invented as a valuable tool by early humans to solve precisely this problem. It allows us to rigorously define and align ourselves around a common truth and is the basis of all scientific discovery.

Instead of addressing growing needs by building “ever-larger language models,” Tenev’s new initiative will focus on multipurpose tools of verifiable accuracy.

Robinhood made headlines with Bitstamp acquisition

Tenev introduced Stanford AI veteran and Helm.ai CTO Tudor Achim as CEO of the new company. Robinhood’s CEO will serve as executive chairman.

The new project will be run separately from Robinhood and Tenev’s position will be non-trading, according to a statement.

As Guru-Investingpreviously reported, Robinhood decided to buy cryptocurrency giant Bitstamp for $200 million.

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Thu, 06/06/2024 – 11:16
Breaking: Robinhood to Buy Crypto Giant Bitstamp

Upon completion of this acquisition, Robinhood will leverage Bitstamp’s collection of active licenses and registrations around the world.

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