Perplexity CEO Addresses Financial Concerns, Debunks IPO Rumors
Perplexity CEO Aravind Srinivas takes to Reddit to reassure users of the company's financial stability and debunk rumors of an imminent IPO.

Jordan Vega
The 2024 Turing Award, often referred to as the "Nobel Prize for computing," has been awarded to two trailblazing computer scientists, Andrew G. Barto and Richard S. Sutton, for their pioneering work in reinforcement learning. This discipline enables machines to learn through a reward-based trial-and-error approach, allowing them to adapt within constrained or dynamic environments.
Barto, a professor emeritus at the University of Massachusetts Amherst, and Sutton, a professor at the University of Alberta, have made significant contributions to the field through a seminal series of papers starting in the 1980s. Their work includes the development of key algorithms and theories, including temporal difference learning, a reinforcement technique that has had a profound impact on the field. The duo later published an academic textbook, "Reinforcement Learning: An Introduction," which has become a cornerstone of AI research.
Their work has far-reaching implications, as reinforcement learning has been instrumental in achieving some of the most significant advances in AI. For instance, Google DeepMind used this technique to build an AI that defeated the world's best AlphaGo players. More recently, Chinese AI upstart DeepSeek has made headlines with its game-changing R1 reasoning model, which relies heavily on reinforcement learning to create more cost-effective foundation models.
The Turing Award, administered by the Association for Computing Machinery (ACM), is a testament to the significance of Barto and Sutton's contributions. As ACM president Yannis Ioannidis noted, "Research areas ranging from cognitive science and psychology to neuroscience inspired the development of reinforcement learning, which has laid the foundations for some of the most important advances in AI and has given us greater insight into how the brain works."
Barto and Sutton will share the $1 million cash prize, provided with support from Google. This recognition is a fitting tribute to their work, which continues to grow and offers great potential for further advances in computing and many other disciplines.
The Turing Award has a long history of honoring pioneers in the field of computer science and AI. Other notable winners include Meta's chief AI scientist Yann LeCun, who was awarded the prize in 2018 alongside Geoff Hinton and Yoshua Bengio for their work on deep neural networks.
In recent years, the Nobel Prize itself has been encroaching into the computing realm, particularly around AI. Last year, Geoff Hinton and John Hopfield won the Nobel Prize in Physics for their work in foundational AI, followed shortly after by DeepMind's Demis Hassabis and John Jumper, who were awarded the Nobel Prize in Chemistry for their work on AlphaFold.
The recognition of Barto and Sutton's work serves as a reminder of the significant impact that reinforcement learning has had on the development of AI. As the field continues to evolve, it is likely that their contributions will remain a cornerstone of AI research, driving innovation and pushing the boundaries of what is possible.
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