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One of the richest people in the world passes away

One of the richest people in the world passes away

Jim Simons, co-founder of the Simons Foundation and a pioneer in finance and mathematics, died on Friday at the age of 86 in New York, writes Reuters. Simons, known for his contributions to quantitative investing [mathematical models and algorithms to determine investment opportunities], was a pioneer in the world of finance in the 1980s.

He used the latest technology and artificial intelligence to revolutionize trading and achieve superior results in the market.

In addition to his achievements in finance, Simons' mathematical discoveries paved the way for important advances in various other fields before he decided to turn his attention to philanthropy. He had a fortune of about 30 billion dollars, making him the 52nd richest man in the world.

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