Rankdex: The Qualitative Web Search Engine
|Founded in 1935, Investment Dealers' Digest (now Tradeline) was a publicly traded full-service multimedia financial publishing, database, software and consulting company that served the professional investor community for many years. IDD Information Services / GARI Software was IDD's multimedia financial information services division. Its purpose was to develop a computer program that could predict movements in the primary economic sector called Tradeline. It was delisted from the stock exchange after the dot-com crash of 2002.
The purpose of IDDIS / GARI software was to develop an AI Intraday trading module, but the focus became using the AI for a world wide web search engine when the first web browser was released in 1993. That same year Arkady Volozh and Ilya Segalovich invented the word "Yandex" to describe a new type of website search engine that would rank websites based on how websites relate to one-another using artificial intelligence. The name initially stood for "Yet Another iNDEXer." The Russian word "Я" ("Ya") corresponds to the English personal pronoun "I", making "Яndex" a bilingual pun on "index." Initially, the AI search engine was developed by Arkady Volozh, Ilya Segalovich, Yanhong Li, and Clinton Cimring. It is regarded as the most sophisticated AI algorithm ever patented and is used by Baidu, Bing, and Yandex and referenced in the patent application for Stanford University's PageRank patent by Sergey Brin and Larry Page entitled "Method for node ranking in a linked database" published on 4 Sep 2001.
In 2002 while Arkady Volozh and Ilya Segalovich went on to incorporate Yankdex as their own company in Russia and Yanhong Li incorporated Rankdex in China as "Baidu," Clinton Cimring took over the development of the Tradeline Intraday trading module, which has applied the Rankdex algorithm to financial futures trading, both stocks and commodities. Today, Baidu USA is one of the R&D centers of Baidu, whose mission is to make a complicated world simpler through technology by utilizing the Rankdex algorithm.
We believe that the Rankdex algorithm used in Baidu, Bing, Yandex, Tradeline is the most sophisticated data ranking algorithm in existence because we were the first to patent the technology. For the founders of Google, they were forced to work around our patent in developing their page rank algorithm and also subsequent updates of Panda and Penguin. In 2001, Stanford University received 1.8 million shares of Google stock in exchange for a long-term patent license to Google. The change for Google aimed to lower the rank of "low-quality sites" or "thin sites", in particular "content farms," and return higher-quality sites near the top of the search results. However, the underlying metrics used are flawed due to not being able to infringe on our Rankdex patent.
The problem with Sergey Brin and Larry Page's is that they had to create their rank around our patent. Therefore, it is inherently flawed. They did this by incorporating a dampening factor in their attribution scoring. For more on our explanation into the PageRank algorithm click HERE.
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