The funding level for the ACM A.M. Turing Award is now $1,000,000, to be provided by Google Inc. The new amount is four times its previous level. The cash award, which goes into effect for 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.

Since its inception in 1966, ACM's Turing Award has honored the computer scientists and engineers who created the systems and underlying theoretical foundations that have propelled the information technology industry. The award is named for Alan Turing, the British mathematician who laid the foundation for today’s always-on, interconnected world. Turing envisioned the power of the thinking machine, leading the way to innovations that changed the world: programmable computers, mobile devices, cryptology, artificial intelligence, robotics, graphics, and genomics.

The 2014 Turing Award will be presented at the ACM Awards Banquet in the spring of 2015.

Read more about the funding of this most prestigious award in computing in the news release.