Simons_Renaissance_Proximity_1979

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Simons_Renaissance_Proximity_1979 - diagnose certain diseases by examining...
diagnose certain diseases by examining heartbeats. One PF474-based PF474-based PF474-based product sold by Proximity, called Cleanmail, eliminates duplication on mailing lists, while another, called Friendly Finder, lists the most likely correct spellings of misspelled names and words. The heaviest users, however, are in the Defense Department, which doesn't divulge its applications. "One of the biggest users of our chips will never tell us how they use our chips because it's too classified," Yianilos said. Yianilos might have proceeded into a teaching career had it not been for a college professor who recognized the commercial value of the algorithm and the venture capitalist who financed Yianilos' way into business. Jim Simons, chairman of Renaissance Technologies Inc. in New York City, invested about $350,000 in Proximity in 1979,, taking a seat on its board of directors. He still is convinced that the PF474 technology is ahead of its time. 'To my knowledge, there isn't another algorithm with the elegance and speed of this one which measures the sorts of judgments a human would make. There really isn't anything like it," he said. Simons described the algorithm's ability to find approximate correct answers to the human quest for beauty. If you go out to iind a good-looking good-looking good-looking woman or a handsome man, you know how to do that, he said. "You make approximate judgments. You don't go to a down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron down-to-the-last-micron description of what you're looking for." Finance and accounting hadn't been among Yianilos' college math courses by the time he founded Proximity. To help himself in those areas, he elected to go with on-the-job on-the-job on-the-job on-the-job on-the-job training.

Clipped from South Florida Sun Sentinel03 Aug 1987, MonMain EditionPage 77

South Florida Sun Sentinel (Fort Lauderdale, Florida)03 Aug 1987, MonMain EditionPage 77
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