The Association for Computing Machinery (ACM) has annoucned that the funding level for the ACM A.M. Turing Award is now $1,000,000 - four times its previous level - to be provided by Google. The cash award goes into effect for the 2014 ACM Turing Award to be announced early next year.

"The Turing Award is now funded at the monetary level of the world's most prestigious cultural and scientific awards and prizes," said ACM President Alexander Wolf. "With the generous support of Google, we can celebrate the mainstream role of computing in transforming the world and the way we communicate, conduct business, and access entertainment. We can also commemorate the pioneering, fundamental contributions of our ACM Turing Award recipients in advancing computing as a science and a profession."

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 most recent ACM A.M. Turing Award (2013) was presented to Leslie Lamport, who developed formal modeling and verification protocols that improved correctness, performance, and reliability of computer systems.