The ARC AGI Prize is a $1,000,000+ public competition aimed at advancing research in artificial general intelligence (AGI) by developing open-source solutions for the ARC-AGI benchmark, which measures the ability to acquire new skills and solve novel problems, unlike current Al models that rely on memorization. The competition encourages a variety of approaches, such as discrete program searches and LLM-based strategies, with the goal of achieving 85% accuracy on the benchmark, reflecting substantial progress towards AGI.