The Formula One World Championship is a premier international auto racing competition organized by the Fédération Internationale de l'Automobile (FIA). It features a series of races known as Grands Prix, held on various circuits around the world. The championship has been held annually since 1950 and includes teams and drivers competing for the titles of World Champion and Constructors' Champion. Each race weekend consists of practice sessions, qualifying, and the main race, where drivers aim to complete the distance in the shortest time. The championship is known for its high-speed cars, advanced technology, and significant global following, making it one of the most prestigious motorsport events.