Netflix gives $1 million award in recommendation contest

Netflix has paid out a $1 million reward to a seven-member international research group after the group won a contest held by Netflix to improve its predictions of movies a customer might like to view. The contest was launched in 2006 and witnessed 51,000 contestants from 186 countries participate ever since. "I was stunned at how the Netflix Prize created its own economy of researchers ... [ read the full article ]