Comment I agree somewhat... (Score 2) 108
The effect of 'contests' and 'rewards' is often a bunch of people coming up with an expensive one-off stunt that does exactly what is required for the prize money and nothing more, and does not really advance the state of the art. The various turing test contests are an example, as well as the Ansari X prize.
I agree with you, but not completely. For contrast, the Darpa grand challenge led to Google's self-driving car, which is poised to put 3 million truck drivers out of work.
The original grand challenge might actually be the problem - people looked at the success and tried to emulate it.
The differences might stem from problem specifications, or proper choice of problem. I remember the Darpa prize for building a machine to ascend the space elevator powered by a big searchlight at the bottom. The contest rules specifically required solar cells and electric motors, completely cutting out thermodynamic engines of various type (steam engines, stirling-cycle, other mechanical types). With so little room for innovation, it became a simple cutting-edge engineering chore.
Another prize involved a machine that can ride (and pilot) a tractor, dismount and walk into a building, find and turn a valve, and return. That doesn't quite fire the imagination as much as building a self-driving car, and the requirements are quite specific.
The Turing Test has no fundamental basis in theory, but it's led to some interesting algorithms like ELIZA, insights into human interaction (ie - that you don't actually have to be intelligent to keep up a conversation), and clarified the definition of AI a little.
So there's definitely value in having prizes, but I agree with you that it's not a 1-to-1 ratio of prize money to return.