The tiny computer is built on the company's 22nm transistor technology, runs Linux and has built-in WiFi and Bluetooth modules. What's more, the tiny machine can connect to its own app store. 

It will be offering up to $1.3 million in prizes for developers churning out wearable tech. The full details of the contest weren't revealed at the show, but Krzanich did say that first prize would walk away with a cool $500,000. It'll be available sometime in mid-2014. 

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