XPrize Wants to Give $10M to Create ‘The Matrix’-Like Virtual Avatars

Ready to transport your senses to another part of the world? It may sound like a pitch for a spin-off from The Matrix, but the XPrize Foundation announced at South by Southwest in Austin, Texas on Monday that it wants to give $10 million to anyone that can make it happen.

“You’re effectively, for lack of a better term, Uber-ing your senses into that avatar in a different location,” Peter Diamandis, founder and executive chairman of the XPrize Foundation giving away the prize, told...

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