Ending Soon! Save 33% on All Access

Google to Hand Out 'Infinity Million' Dollars to Hackers Who Break Into Google Chrome The search giant retires its annual hackathon, replaces it with an around-the-clock program that allows hackers to submit (and get paid for) finding bugs anytime, from anywhere.

By Laura Entis

Opinions expressed by Entrepreneur contributors are their own.

Usually, around this time of year, Google announces plans for its annual hackathon in which contestants from around the globe gather together to search for holes in Google Chrome and are awarded for their efforts with cash prizes. Last year, prize money totaled exactly $2.71828 million, "the mathematical constant e for the geeks at heart," Google explained. (Duh.)

This year, Google is radically shaking up the formula for its so-called Pwnium competition (the name is derived from splicing "Pwn," the act of breaking into a computer and owning it, with "ium," a play on the full name for Google Chrome, i.e. Chromium). Yesterday the company announced that in lieu of a single-day competition, the challenge will expand to become an around-the-clock, constant process, which means hackers can submit bugs whenever, from wherever (although the competition does bar residents from sanctioned countries, such as Iran, Syria and North Korea, from participating).

Related: How Hacking Is Helping Businesses Beyond the Tech Sector

Additionally, in place of a contained sum, Google has changed the nature of the prize money at stake: "For those who are interested in what this means for the Pwnium rewards pool, we crunched the numbers and the results are in," Tim Willis, a member of the Chrome security team and a "hacker philanthropist," writes in a post announcing the news. "It now goes all the way up to $∞ million."

Awards now range from a minimum of $500 up to a new high of $50,000. With a cash pot of "infinity millions," at least for now, there is no limit on the reward pool, although Willis, in a footnote, cautions that the program is "experimental and discretionary" and can be scrapped at any time.

These changes, he writes, are meant to lower the barrier of entry, and remove the incentive for hackers to sit on discovered bugs until the annual competition.

Related: PayPal's Job Recruiting Secret: Hackathons

Laura Entis is a reporter for Fortune.com's Venture section.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Growing a Business

Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024

With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Social Media

How To Start a Youtube Channel: Step-by-Step Guide

YouTube can be a valuable way to grow your audience. If you're ready to create content, read more about starting a business YouTube Channel.

Business News

Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'

The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.

Business News

Kickstarter Is Opening Up Its Platform to Creators and Making Big Changes to Its Model — Here's What's New

The company noted it is moving beyond traditional crowdfunding and making it easier for businesses to raise more money.

Business News

Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save

The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.