One link deeper:
My headlines
- Must open-source full code
- Must make a three minute video presentation, besides the text description and the live code and full code base
10 top judged teams win equally-distributed prizes: $3000 + various credits across multiple provider’s services, then a distribution of some extra perks for 2+3 team members besides the main award going to the project representative. (maximize prize profit with three team members).
The $3000 OpenAI cash might start to offset the tax burden of the remaining service-usage value prizes added in. $18480 value + ($1500 to $2700 depending on team head count claimed) and unknown “swag” value. There is strange arbitrary language “$500 in cash prizes from Netlify” that is under “per winner” (but might be total) when it should just be “You get $500 cash if you are a winner”.
Conclusion after 20 minutes of “Pro” doing research:
They don’t say what value will be cut in a 1099 - or if you can refuse the service credits to not be taxed on them (like $10000 of Cloudflare)
The IRS says a prize that is refused is not included in income, but the public challenge rules do not establish whether a winner may decline only selected components.
So I hope that a tweet with the nine other winners has thousands of dollars of value for you…