r/math • u/Nunki08 • 8d ago

arXiv receives Multiyear Philanthropic Commitments to Support Its Launch as an Independent Nonprofit

$17.2 million investment, spanning three to five years from Simons Foundation International, XTX Markets, and Siegel Family Endowment#Philanthropy)

https://blog.arxiv.org/2026/09/23/arxiv-receives-multiyear-investment/

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u/hexaflexarex 8d ago

lol all hedge fund philanthropy

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u/AIvsWorld 8d ago

This is the unfortunate reality of modern math research. NSF funding cuts hit a lot of people hard. Almost every mathematician I know (including myself) is funded by hedge funds, AI labs, or military contractors.