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 >
Why Polysilicon Company Daqo New Energy's Shares Are Trading Higher Premarket Today
Why Polysilicon Company Daqo New Energy's Shares Are Trading Higher Premarket Today
Jul 22, 2024
Daqo New Energy Corp. ( DQ ) shares are trading higher after the company approved a $100 million share repurchase program, effective until June 30, 2025. Daqo New Energy’s board has authorized the repurchase of up to $100 million of its shares or ADSs through various legal means, in compliance with U.S. securities laws. The repurchase program will be funded mainly...
Market Chatter: Lockheed Martin Upgrade to F-35 Jet Allows US to Resume Accepting Deliveries
Market Chatter: Lockheed Martin Upgrade to F-35 Jet Allows US to Resume Accepting Deliveries
Jul 22, 2024
08:02 AM EDT, 07/22/2024 (MT Newswires) -- Lockheed Martin ( LMT ) and key suppliers have upgraded systems on the F-35 jet on an interim basis, allowing the US to resume taking deliveries after a months-long halt over software delays, Reuters reported Saturday, citing senior officials. The jets have been upgraded under a program called Technology Refresh 3 that aims...
Sleep Country to be Acquired by Fairfax in $1.7 Billion Deal
Sleep Country to be Acquired by Fairfax in $1.7 Billion Deal
Jul 22, 2024
08:02 AM EDT, 07/22/2024 (MT Newswires) -- Sleep Country Canada Holdings ( SCCAF ) on Monday agreed to be acquired by a Fairfax Holdings (FFH.TO) subsidiary in a deal with an enterprise value of about $1.7 billion. Fairfax will pay $35 per share in cash, a 34% premium to the 20-day volume-weighted average price for the period ending on July...
Verizon misses quarterly revenue estimates on slow phone upgrades
Verizon misses quarterly revenue estimates on slow phone upgrades
Jul 22, 2024
(Reuters) -Verizon Communications ( VZ ) missed quarterly revenue estimates on Monday due to slow phone upgrades in the United States, taking the shine off strong growth in wireless subscribers and sending shares of the telecom firm down 3.4% before the bell. Price-conscious customers are holding on to their old phones for longer durations than they did previously, which has...
Copyright 2023-2025 - www.financetom.com All Rights Reserved