Finance

AVPN and Google.org Launch a $15 Million AI Opportunity Fund to Upskill Asia-Pacific Workforce

Published May 28, 2024

In an ambitious move to prepare the Asia-Pacific workforce for the fast-evolving AI landscape, the Asian Venture Philanthropy Network (AVPN) in collaboration with Google.org, the philanthropic arm of Alphabet Inc. GOOG, has announced the inception of a $15 million AI Opportunity Fund. This groundbreaking initiative aims to support non-profits and social enterprises across the region in developing and deploying scalable AI solutions tailored to enhance worker competencies and adaptability amidst the accelerating pace of technological change.

Empowering the APAC Workforce

The new fund seeks to mitigate the challenges posed by an AI-driven future by equipping workers with the necessary skills to thrive. By focusing resources on training and educational programs, AVPN and Google.org aspire to democratize the benefits of AI technology, ensuring broad-based access to employment opportunities in this new digital era. As part of this vision, the fund prioritizes inclusivity, aiming to reach underrepresented communities particularly susceptible to economic disruptions caused by AI advancements.

Alphabet Inc.'s Continued Commitment

Alphabet Inc. GOOG, the parent company of Google and a leading entity in global technology, continues to exhibit its dedication to societal progress through this strategic initiative. With a legacy stemming from its establishment in 2015, Alphabet has consistently focused on harnessing technology to address enduring social challenges. Through Google.org, Alphabet extends its commitment beyond commercial objectives, impacting lives positively by fostering innovative practices in education and workforce development, hallmarks that are evident in the AI Opportunity Fund's objectives.

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