<Tr> <Th> Number of laureates </Th> <Td> 584 prizes to 923 laureates as of 2017 </Td> </Tr> <Tr> <Th> Website </Th> <Td> nobelprize.org </Td> </Tr> <P> The Nobel Prize (/ ˈnoʊbɛl /, Swedish pronunciation: (nʊˈbɛl); Swedish definite form, singular: Nobelpriset; Norwegian: Nobelprisen) is a set of Six annual international awards bestowed in several categories by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances . </P> <P> The will of the Swedish scientist Alfred Nobel established the prizes in 1895 . The prizes in Chemistry, Literature, Peace, Physics, and Physiology or Medicine were first awarded in 1901 . In 1968, Sveriges Riksbank (Sweden's central bank) established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, which has been commonly known as the Nobel Prize in Economics . The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, economics and activism for peace . </P>

What is the purpose of the nobel prize