Spin glasses and the Parisi formula

Spin glasses are models of statistical mechanics in which a large number of simple elements interact with one another in a disordered fashion. One of the fundamental results of the theory is the Parisi formula, which identifies the limit of the free energy of a large class of such models. Yet many interesting models remain out of reach of the classical theory, and direct generalizations of the Parisi formula yield invalid predictions. I will report here on some partial progress towards the resolution of this problem, which also brings a new perspective on classical results.