NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Tech Giants Form Consortium for AI Workforce Development

EditorLina Guerrero
Published 04/04/2024, 09:11 PM
© Reuters
IBM
-

LEUVEN, Belgium - Cisco (NASDAQ:CSCO), in collaboration with Accenture (NYSE:ACN), Eightfold, Google (NASDAQ:GOOGL), IBM (NYSE: NYSE:IBM), Indeed, Intel (NASDAQ:INTC), Microsoft (NASDAQ:MSFT), and SAP, announced the formation of the AI-Enabled Information and Communication Technology (ICT) Workforce Consortium. The group aims to address the impact of artificial intelligence on technology jobs and develop strategies for reskilling and upskilling workers.

The Consortium, which includes advisory support from a range of organizations such as the American Federation of Labor and Congress of Industrial Organizations and Khan Academy, was catalyzed by the U.S.-EU Trade and Technology Council Talent for Growth Task Force. The initiative is a response to the rapid evolution of AI and its implications for the workforce.

The immediate goal of the Consortium is to produce a report that offers actionable insights for both business leaders and workers, focusing on the roles most likely to be influenced by AI advancements. The report will provide guidance on reskilling and upskilling pathways, aiming to equip workers with the necessary skills for AI-enabled environments.

Cisco and its partners have set ambitious goals to train millions of individuals globally in AI and digital skills over the next decade. Cisco alone aims to train 25 million people by 2032, while IBM has committed to skilling 30 million by 2030. Intel has pledged to empower 30 million people with AI skills by 2030, and Microsoft plans to certify 10 million people from underserved communities by 2025. SAP and Google have also announced significant investments in upskilling initiatives.

The Consortium will initially assess the impact of AI on 56 specific ICT job roles. This evaluation will consider the top ICT job titles with the highest volume of job postings in the United States and five of the largest European countries by ICT workforce numbers. The findings will be used to recommend training programs that are inclusive and beneficial to a wide range of stakeholders, including students, current IT workers, and employers.

The U.S. Secretary of Commerce, Gina Raimondo, expressed support for the Consortium's efforts, highlighting the importance of preparing the workforce for AI-driven changes in the labor market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.