**Context:**

The Norwegian Academy of Science and Letters announced** the Abel Prize 2024 to Michel Talagrand.**

**More on the news**

- Prize has been awarded to
**French**mathematician Michel Talagrand for his advances in**describing and predicting the universe’s randomness.** - Talagrand’s work focuses on
**stochastic systems,**which model random variables within a given time and space.

• The Abel committee also commended another element of Talagrand’s work, which shows that **even random systems have an element of predictability. **

- For example, flipping a coin 1,000 times will predictably yield close to 500 heads and 500 tails.

**About Abel Prize**

- This Prize is awarded
**annually**to outstanding international mathematicians.

• The prize was established by the **Norwegian Government in 2002** and is managed by **The Norwegian Academy of Science and Letters on behalf of the Norwegian government.**

- The Norwegian Academy of Science and Letters, founded in
**1857,**is a non-governmental, nationwide body which embraces**all fields of science**to support the advancement of**science and scholarship in Norway.** - The Abel Prize is named after the
**Norwegian mathematician Niels Henrik Abel,**to commemorate his**200th birth anniversary.** - The
**first**Abel Prize, awarded in 2003, went to**French mathematician Jean-Pierre Serre.** - The only person of
**Indian origin**to have won this prize is**Srinivasa S.R. Varadhan.**He taught at the**Courant Institute, New York University, and won this prestigious award in 2007.**

**Niels Henrik Abel (1802 -1829)**

- He was a
**Norwegian**mathematician. - He was
**the first person**to formulate and solve an**integral equation.** - He gave proof of the
**impossibility of solving algebraically the general equation of the fifth degree.** - He gave the
**theory of elliptic functions.**

- To date, the award has only been given to
**one female mathematician—Karen Keskulla Umlenbeck**of the University of Texas in Austin, Texas.

• In 2019 the prize money was increased to** 7.5 million Norwegian Kroner (NOK).**

- The prize money is
**granted**by the**Norwegian Parliament (Stortinget) through the annual national budget.**

**Nominations for the Prize**

- Anyone may nominate candidates for the Abel Prize. However,
**one may not nominate himself.**Such nominations will not be assessed. Both**individuals and institutions**may put forward nominations. - Nominations of deceased persons are
**not accepted.** - The Prize may be awarded to one or several people,
**but not to institutions or groups,**and**not more than three individuals.**

• The** board of the Norwegian Academy of Science and Letters formally decides **who will be the next Abel Prize laureate. They do so on the recommendation of the **Abel Committee. **

- The Committee comprises a group
**of internationally outstanding mathematicians.**