Google is prepared to shell out $110,000, €82,000 for any exploit, served from a web page, that gives attackers access to the Chromebook. This can be from either guest mode or while the user is logged in.
An exploit that can take over the Chromebook, persists even if the device is shut down and rebooted and affects all users, is worth $150,000, €110,000.
Anyone that can demonstrate an exploit which fits in any of the two categories will be eligible to get the prize, as long as the entire exploit is disclosed.
Google has $3.14159 million, €2.3361 million lined up for this. In case you're wondering, those are the first digits of the number pi.
Attackers will have a Samsung Series 5 550 as a target. It's the most expensive Chromebook, but it should make no difference, at the OS level all Chromebooks are virtually identical.
As for the regular Pwn2Own competition, Google is now a full sponsor and will pay part of the rewards for any exploit, i.e. not just those in Chrome.
However, Google was able to get its way and the rules this year are clear, any exploit and the bugs used in it must be revealed in full for it to qualify.