The One Laptop per Child association (OLPC) is a non-profit organization, created by faculty members of the MIT Media Lab, set up to oversee The Children's Machine project and the construction of the XO-1 "$100 laptop". Both the project and the organization were announced at the World Economic Forum in Davos, Switzerland in January 2005. OLPC is funded by a number of sponsor organizations, including AMD, Brightstar Corporation, eBay, Google, Marvell, News Corporation, SES, Nortel Networks, and Red Hat.