Google quadruples Nobel Prize in Computing to $1M

The Association for Computing Machinery's annual A.M. Turing Award -- the Nobel Prize in Computing -- gets big funding boost to $1M from Google

The Association for Computing Machinery (ACM) has announced that its annual A.M. Turing Award, sometimes called the Nobel Prize in Computing, will now come with a $1M award courtesy of Google.

Previously, the award came with a $250K prize funded by Google and Intel.

The award, which goes to "an individual selected for contributions of a technical nature made to the computing community," is generally doled out in February or March. This past March, the winner was Microsoft Research principal Leslie Lambert, a distributed computing wrangler.

MORE:Why there's no Nobel Prize in Computing

Other winners have included Internet pioneer Vinton Cerf, chief Internet evangelist for Google and immediate Past President of the ACM.

The AMC says that the quadrupled prize value "reflects the escalating impact of computing on daily life through the innovations and technologies it enables. The new level is also intended to raise the Turing Award's visibility as the premier recognition of computer scientists and engineers who have made contributions of lasting and major technical importance to the computing field."

This enables the Turing Award to blow past award purses of some other major honors, such as the Japan Prize, which this past year was worth $481K to a fiber optics researcher.

The annual TED Prize for social entrepreneurship isn't necessarily tech related, but has been, and is worth $1M also. Finland's Millennium Technology Prize (won by Tim Berners-Lee in 2004) is worth 1 million euros, so more than $1M, but is only given out every other year.

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