Robinhood CEO Tenev Announces Launch of Artificial Intelligence Research Lab

While there are myriad reliable applications in the text-based AI chatbot segment, the space is still in dire need of a fast and robust tool for mathematical operations, admits the Robinhood CEO.

Robinhood CEO Launches Harmonic Mathematics AI Lab

Vlad Tenev, CEO of the popular trading platform Robinhood, announces the birth of Harmony, an artificial intelligence trading research laboratory. The initiative will focus on building mathematical superintelligence (MSI), Tenev shared on his X (formerly Twitter) account.

Announcing the formation of Harmonic, a commercial artificial intelligence research laboratory building mathematical superintelligence (MSI). 1/

— Vlad Tenev (@vladtenev) June 10, 2024

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

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

Meanwhile, bringing AI-based mathematical tools to life could be of critical importance to a wide range of scientific disciplines:

Mathematics was invented by early humans as a valuable tool for solving this problem precisely. It allows us to rigorously define and align ourselves on a common truth and is the foundation of every scientific discovery.

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

Robinhood made headlines with its acquisition of Bitstamp

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

The new project will be operated separately from Robinhood and Tenev’s location will be non-operational, a statement said.

As previously explained by U.Today, Robinhood has decided to purchase cryptocurrency giant Bitstamp for $200 million.

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

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