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Netflix offers US $1 million and US $50k for improving it’s movie recommendation
Netflix announced the Netflix Prize today which will offer US $1 million for anyone to improve their recommendation system by greater than 10%. Every year, the most progress greater than 1% will get US $50k.
They have made available their data with 100 million ratings and 2.5 million customer-movie test pair (700 MB) to use to create the system. The ideas can be ready as early as 3 months and as late as 1 year for the first year. Detailed Rules.
Greg of Findory recommends thinking about mashups with IMDB, Amazon.
I believe, Netflix is looking more for algorithms or more specifically paying for a small recommendation startup. Kind of the rumors are of how Google rewards it’s big projects (GMail, etc.)
Should be interesting to say the least. The first non-trivial programming contest has began.
Technorati Tags: Netflix Algorithms
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