The announcement can be found on the Archon X website
Friday, October 28, 2011
It's now the the Archon Genomics X PRIZE presented by MEDCO. The competition rules have been revised - "The $10 million prize purse will be given to the first team that accurately sequences the whole genome of 100 subjects within 30 days for $1,000 or less per genome, at an error rate no greater than one per million base pairs." The 100 subjects are centenarians. These changes were implemented in hopes of generating more public appreciation for the project and giving greater medical value to the competition. The judging process will emphasize accuracy and completion in the hope that a "medical grade" genome can be produced, based on the guidelines recently published in Nature Genetics, vol. 43.