[arathore]

Such competitions do not usually result in a comprehensive "solution" by themselves - pushing the state-of-the-art is more common. Also the value is not going to be derived solely from the algorithm but more from its deployment to real world applications and the surrounding infrastructure to make it possible.

[mkagenius]

> pushing the state-of-the-art is more common

But do not forget there will be 10s (if not 100s) of people working on this for 30 days. The man-hour this competition will use is highly disproportionate to the amount offered overall.

[tal8d]

That is the point: https://en.wikipedia.org/wiki/Orteig_Prize

[azinman2]

But all the important IP work done in this field is currently closed...