Turing computing award funding raised to $1 million, up from $250,000

NEW YORK, N.Y. – Recipients of the A.M. Turing Award, one of the most prestigious honours in computing, will now receive $1 million, a fourfold increase.

Google Inc. is providing funding for the prize. Previously, Google and Intel Corp. shared the $250,000 funding commitment.

The award is named after the British mathematician Alan Turing and is given annually by the Association for Computing Machinery.

In Thursday’s announcement, ACM President Alexander Wolf said the increase puts the Turing Award “at the monetary level of the world’s most prestigious cultural and scientific awards and prizes.”

Past recipients include Douglas Englebart, who developed the mouse and other computing technologies, and Vint Cerf and Bob Kahn, who developed the key communications technology behind the Internet.

The recipient of the 2014 prize will be named early next year.