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Xprize offers $7 million for exploring the ocean floor
After years of focusing on moonshots and other lofty goals, the Xprize Foundation now hopes to inspire innovation in the opposite direction... in a very literal sense. Its new Shell Ocean Discovery Xprize is offering a total of $7 million in awards to teams that can deliver robotic exploration of sea floors as deep as 4,000m (13,123ft). The $4 million grand prize and a $1 million runner-up prize will go to the groups that deliver the sharpest maps on top of meeting baseline requirements for autonomy, depth and speed. The top 10 teams will split a $1 million milestone prize, while the National Oceanic and Atmospheric Administration is chipping in another $1 million for teams that spot objects through biological and chemical clues.