In 1990 Hugh Loebner agreed with The Cambridge Center for Behavioral Studies to underwrite a contest designed to implement the Turing Test. Dr. Loebner pledged a Grand Prize of $100,000 and a Gold Medal (pictured above) for the first computer whose responses were indistinguishable from a human’s. Each year an annual prize of $2000 and a bronze medal is awarded to the most human computer. The winner of the annual contest is the best entry relative to other entries that year, irrespective of how good it is in an absolute sense.
Note that the gold medal has never been awarded (yet). While the programs are not too convincing (sample transcript from 2004 competition), it’s an interesting goal for AI researchers to work toward.