> Non-Exclusive: You hereby grant and will grant to Competition Sponsor and its designees a worldwide, non-exclusive, sub-licensable, transferable, fully paid-up, royalty-free, perpetual, irrevocable right to use, reproduce, distribute, create derivative works of, publicly perform, publicly display, digitally perform, make, have made, sell, offer for sale and import your winning Submission and the source code used to generate the Submission, in any media now known or developed in the future, for any purpose whatsoever, commercial or otherwise, without further approval by or payment to you.
This is from section A subsection 1 of the competition rules, just for your information. Competition sponsor is Jane Street obviously. If you manage to build a model that can generate returns that would be sufficient to them, you rather trade with it yourself, or use it as a proof-of-work for recruiting interviews.
I once read in an article (that I unfortunately can't find right now) that the the worth of Shazam lies in the fact that it can recognise, which songs are trending. The value chain is approximately like this:
1)New song is released
2)It starts being "shazamed" by various people - it's becoming trendy
3)Large stores that differntiate themselves by being trendy want to play trendy songs first
4)They pay Shazam to tell them which songs are trendy
5)The stores play them
6)Customers "shazam" those songs in the store
7)Customers view the store as trendy
8)Now four instances have profited: Shazam, the store, the musician and the customers (for having found a trendy song very early on)
This is from section A subsection 1 of the competition rules, just for your information. Competition sponsor is Jane Street obviously. If you manage to build a model that can generate returns that would be sufficient to them, you rather trade with it yourself, or use it as a proof-of-work for recruiting interviews.