Verizon Announces $70 Million Investment in AI Training Initiative
Verizon has announced a $70 million investment to provide artificial intelligence (AI) training across the United States for job seekers, small businesses, and educators. The initiative aims to equip individuals with skills needed as the economy transitions into an era increasingly shaped by AI technologies. The telecom giant is collaborating with major non-profit organizations like Goodwill Industries and leveraging resources from leading tech firms such as IBM, Google, Anthropic, Microsoft, and OpenAI. Verizon CEO Dan Schulman emphasized that preparing workers for AI-related roles is essential to safeguarding democracy and economic stability. He also called on other large corporations—particularly Fortune 100 companies—to contribute similarly sized funds. This new initiative builds upon a previous $20 million investment from last year, which was aimed at helping employees affected by job cuts gain AI skills. The additional funding brings the total commitment to $90 million in workforce development related to AI over recent years.
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Topics: AI Telecom Industry Workforce Training