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Verizon Invests $70M in AI Training Nationwide
23 Sep
Summary
- Verizon dedicates $70 million to nationwide AI training programs.
- Partnerships with non-profits like Goodwill will offer training.
- The initiative aims to equip hundreds of thousands with AI skills.
Verizon has announced a significant $70 million investment to drive a nationwide AI training initiative. This effort is designed to support job seekers, small businesses, and educators as the U.S. economy navigates a major transformation.
The telecom company is collaborating with prominent non-profit organizations, such as Goodwill Industries, to deliver AI training. These programs will utilize resources from leading technology firms, including IBM, Google, Microsoft, and OpenAI, aiming to empower hundreds of thousands of individuals with essential AI competencies.
Verizon's CEO, Dan Schulman, highlighted the profound impact artificial intelligence will have on the workforce. He urged other large corporations to contribute financially to this cause, suggesting that a collective investment from Fortune 100 companies could establish a multibillion-dollar fund to bolster worker skills for AI-related jobs.
This new initiative builds upon Verizon's previous commitment, which included a $20 million investment last year to aid departing employees in acquiring AI skills following job cuts. The current program adds an additional $50 million to this ongoing effort.
