financetom
Business
financetom
/
Business
/
Cisco to Lead Consortium to Help Retrain Workers Affected by AI
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cisco to Lead Consortium to Help Retrain Workers Affected by AI
Apr 4, 2024 7:41 AM

10:17 AM EDT, 04/04/2024 (MT Newswires) -- Cisco Systems ( CSCO ) and a group of eight tech-oriented companies on Thursday announced the launch of the AI-Enabled Information and Communication Technology Workforce Consortium with the goal of "reskilling and upskilling" workers impacted by artificial intelligence technologies.

The consortium includes Google ( GOOG ) , Microsoft ( MSFT ) , IBM ( IBM ) , Accenture ( ACN ) , SAP (SAP), Intel ( INTC ) , Eightfold and Indeed, according to the statement.

Working as a private sector collaborative, the consortium will evaluate "how AI is changing the jobs and skills workers need to be successful," the group said.

The first phase of work will culminate in a report with insights for business leaders and workers, with further details to be announced in the coming months, the group said. Findings will be intended "to offer practical insights and recommendations to employers that seek ways to reskill and upskill their workers in preparation for AI-enabled environments," the group said

Consortium members said they hope to train around 100 million workers in digital skills including AI and cybersecurity in the years ahead.

Price: 49.40, Change: +0.66, Percent Change: +1.35

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AstraZeneca Says China Approves Fasenra for Severe Eosinophilic Asthma
AstraZeneca Says China Approves Fasenra for Severe Eosinophilic Asthma
Aug 20, 2024
06:37 AM EDT, 08/20/2024 (MT Newswires) -- AstraZeneca ( AZN ) said Tuesday that China's health regulator has approved its drug, Fasenra, as a maintenance treatment for severe eosinophilic asthma in patients aged 12 and older. The health agency's decision was based on a late-stage trial that showed that Fasenra significantly reduced the annualized asthma exacerbation rate by 74% when...
Market Chatter: Saudi Public Investment Fund in Talks to Acquire Boeing 777, Airbus A350 Freighters, Bloomberg Reports
Market Chatter: Saudi Public Investment Fund in Talks to Acquire Boeing 777, Airbus A350 Freighters, Bloomberg Reports
Aug 20, 2024
06:39 AM EDT, 08/20/2024 (MT Newswires) -- Saudi Public Investment Fund is in early talks with Boeing ( BA ) and Airbus to acquire freighters for a new cargo airline, Bloomberg reported Tuesday, citing unnamed people familiar with the matter. Talks involve acquiring Boeing 777 and Airbus A350 freighters, although no final decisions have been made, and the plans could...
Custody giant State Street expands crypto services in new partnership
Custody giant State Street expands crypto services in new partnership
Aug 20, 2024
(Reuters) - State Street is partnering with Swiss crypto company Taurus to offer new digital asset services, including turning real-world assets into tradeable tokens, to tap growing institutional demand for such investments, the U.S. financial services provider told Reuters. As cryptocurrencies have spread in the financial system through regulated products including futures and exchange-traded funds, they are drawing more interest...
Lowe's Fiscal Q2 Earnings, Revenue Decline; Fiscal 2024 Guidance Slashed
Lowe's Fiscal Q2 Earnings, Revenue Decline; Fiscal 2024 Guidance Slashed
Aug 20, 2024
06:22 AM EDT, 08/20/2024 (MT Newswires) -- Lowe's (LOW) reported fiscal Q2 earnings Tuesday of $4.17 per diluted share, down from $4.56 a year earlier. Analysts polled by Capital IQ expected $4. Revenue for the quarter ended Aug. 2 was $23.59 billion, down from $24.96 billion a year earlier. Analysts surveyed by Capital IQ expected $23.96 billion. The home improvement...
Copyright 2023-2025 - www.financetom.com All Rights Reserved