Telegram Starts $100,000 Data Clustering Contest for Developers

Updated on Dec 12, 2019 at 1:41 pm UTC by · 2 min read

Telegram’s $100,000 contest asks developers to create an algorithm that can segregate useful and identical information and present it to the users.

As on date, a massive amount of data and content is being created and shared every second on the internet. Messaging apps like WhatsApp, Messenger, and Telegram have been the hot mediums to move data. One of the major challenges these companies are facing today is to segregate the right information.

With such massive data available, users are usually overwhelmed with excess data. Now, to enhance the user experience, messaging giant Telegram has come up with a new Data Clustering Contest for its developers. The contest asks developers to build an algorithm which can group identical information and news of similar category and present it to the users. Some of the key points Telegram wants in the algorithm include:

1. Identifying content in English and Russian and discards the rest.
2. Identifying news articles from the result of (1) and discards the rest.
3. Classifies each news piece from the result of (2) into one of these 7 categories: Society, Economy, Technology, Entertainment, Science, Sports and Other.
4. Identifying news pieces about the same event and groups them together into news threads.
5. Sorting news threads based on perceived importance.

Participants of the contest have been given a deadline to submit their solutions to the Telegram team by December 2. The developers providing the best solution will get a price refund of $100,000. Furthermore, they will be automatically admitted to the second stage of the contest wherein they can apply for another price money of $100,000.

Telegram Flexing Muscles for the GRAM Token Launch

There’s a lot of fuss going around the launch of Telegram’s GRAM token after it was flagged as a ‘security’ by the U.S. SEC thereby stopping its launch in October 2019. On the other hand, Telegram claims that it has done nothing unlawful with the sale of its token last year to early-stage institutional investors.

Last week, the messaging giant appealed to the New York Southern District Court to discard all the allegations levied against it. On the other hand, the investors have shown support for Telegram’s GRAM tokens and its underlying TON blockchain network. After the SEC, Telegram asked its investors to take the refund as they currently cannot distribute the tokens. However, instilling trust in Telegram, the developers refused for the refund and said that they are ready to wait until the matter gets resolved with the SEC.

Share:

Related Articles

BNY Mellon Invests in Spot Bitcoin ETFs from BlackRock and Grayscale

By April 26th, 2024

BNY Mellon filed form 13F-HR on April 25 with the US SEC and disclosed that it holds shares of GBTC and IBIT.

SEC Sues Bitcoin Miner Geosyn for Defrauding Several Customers

By April 26th, 2024

The SEC claimed that the crypto miner Geosyn created “bogus documents” with “fabricated mining rates and profits” while highlighting false number of mining rigs purchased.

Consensys Sues US SEC over Its Attempts to Label Ethereum Security

By April 26th, 2024

Consensys has argued that Ethereum is not a security but a global computing platform and its DeFi platforms are not securities brokers.

Exit mobile version