ChainCatcher message, Ethereum Foundation member Devansh Mehta stated that the AI-based project donation amount prediction competition has officially begun. Participants need to predict the relative funding ratios between 1023 sets of projects based on the provided 2387 training comparison data. This competition is a warm-up for the official competition at the end of January, which will involve 4303 Ethereum repositories and their dependent projects.

Devansh Mehta mentioned that Vitalik will fund this event with $20,000, and the contributions of participants may influence the funding methods for future open-source projects, gaining recognition from the community and Ethereum developers.