Netflix Prize May Have Been Achieved

MadAnalyst writes "The long-running $1,000,000 competition to improve on the Netflix Cinematch recommendation system by 10% (in terms of the RMSE) may have finally been won. Recent results show a 10.05% improvement from the team called BellKor's Pragmatic Chaos, a merger between some of the teams who were getting close to the contest's goal. We've discussed this competition in the past."

Comments

Re:1 Million split 7 ways

[quanticle]

Well, just like the Ansari X Prize didn't cover the costs of developing and launching a suborbital rocket, the Netflix Prize isn't really meant to be a large enough prize to fully fund the development of a new recommendation algorithm. The purpose of the prize is to stimulate interest and get people started. The real reward will come when they turn their algorithm into commercialized software - the rewards from making such a thing applicable outside of Netflix could be large indeed.

Re:1 Million split 7 ways

[neokushan]

Pretty sure having it on their CV means they can effectively write their own pay cheque in terms of job opportunities.