The Nobel Prize is a prestigious international award given annually in several categories, including Physics, Chemistry, Medicine, Literature, and Peace. Established by the will of Alfred Nobel, a Swedish inventor, the prizes recognize outstanding contributions to humanity in these fields. Winners, known as Nobel Laureates, are selected by various committees and organizations based on their significant achievements. The awards are presented on December 10 each year, coinciding with the anniversary of Alfred Nobel's death, and include a medal, diploma, and a monetary grant.