The Loebner Prize is an annual competition that tries to find out if computers can think like people. It happens every year and teams from all around the world enter to show off their computer programs that are designed to talk and act like a real person. The goal is to see which computer program is the most convincing and can fool the judges into thinking it's a real person. The computer program that does the best job of convincing the judges wins the Loebner Prize.