The Hutter Prize is a monetary award established to encourage advancements in the field of lossless data compression. It is named after Marcus Hutter, an influential researcher in artificial intelligence and algorithms. The prize specifically targets algorithms that can compress a large text file, known as the "The Hutter Prize Corpus," which is based on a large English text. The main goal of the prize is to incentivize research into compression algorithms that can demonstrate significant improvements over current methods.
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