1490229 story Netflix Prize Competitor Already Beats Netflix 174 Posted by CmdrTaco on Monday October 09, 2006 @11:14AM from the no-really-drop-dead-gorgeous-is-funny dept. Baldrson writes "Within the first week of the announcement of The Netflix Prize a team has already beaten Netflix's own movie recommendation algorithm. This is pretty impressive given the previously quoted researcher who said: 'You're competing with 15 years of really smart people banging away at the problem.' The team is WXYZConsulting.com apparently registered by a data mining professor named Yi Zhang. Congratulations are in order for Netflix and Prof. Zhang's team who are demonstrating, yet again, the power of prizes to accelerate progress."