Can the folks at Netflix (s NFLX) actually see the future or something? Because it’s seriously impressive how narrowly out of reach they made the margin of improvement for their recommendation algorithm contest. Established in late 2006, the Netflix Prize promises $1 million to the first entrant that can improve its predictions of how members will feel about movies by 10 percent. And since then, leading teams have edged closer and closer to approaching that limit, but stalled out just 10ths of a percent away from the prize.
Now, a combination of four top teams has apparently finally crossed the magic 10. BellKor’s Pragmatic Chaos submitted today a 10.05 percent improvement on the recommendation system. Other teams have 30 days to try to displace them, but if not, we finally have a winner!