According to a SmallTimes.com story, the Foresight Institute has recruited Peter Diamandis of the X-Prize Foundation to take over the Feynman Grand Prize steering committee. After eight years, no one has been able to claim the Feynman prize for the construction of a working nanotechnology robot arm less than 100-nanometers long. After the recent winning of the X-Prize, it is hoped that Diamandis can help achieve the same results for the Feynman prize. Likely to be part of the plan is increasing the size of the Feynman prize from its current $250,000 to a larger sum.