On November 13, 2014, ACM announced the funding level for the ACM A.M. Turing Award is now $1 million. Google Inc. will provide all funding for this award, recognized as the highest honor in computer science and often referred to as the field's equivalent of the Nobel Prize.
The new amount is four times its previous level. The cash award, which goes into effect with the 2014 ACM Turing Award to be announced early next year, 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.
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