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MSNBCA team led by the Massachusetts Institute of Technology spread the wealth far and wide to locate 10 red balloons in undisclosed locations across the country on Saturday and win a $40,000 cash prize from the Pentagon's think tank.

The DARPA Network Challenge was designed to celebrate the 40th anniversary of the creation of ARPANet, the precursor to today's Internet, and to study how social networking could help solve big problems in a small amount of time.

Balloon hunt nets $40,000 for MIT-led team - Innovation-