Google Announced a $120M Fund for Global AI Education and Training

IBL News | New York

Google’s CEO, Sundar Pichai, announced a $120 million fund for global AI education and training, which will be operated in partnership with local nonprofits and NGOs.

Sundar Pichai  Introduced his Global AI Opportunity Fund during a speech at the UN Summit of the Future last Saturday.

“AI is poised to accelerate progress at unprecedented scale. We have a once-in-a-generation opportunity to unlock human potential for everyone, everywhere,” he said.

“We can drive deeper partnerships to ensure the technology benefits everyone.”

Regarding the AI opportunity, he said that AI is boosting productivity across sectors and empowering governments to provide public services.

Some studies show that AI could boost global labor productivity by 1.4 percentage points, and increase global GDP by 7%, within the next decade.

“AI will have limitations … be it issues with accuracy, factuality, and bias … as well as the risks of misapplication and misuse, like the creation of deep fakes. It also presents new complexities, for example the impact on the future of work. For all these reasons, we believe that AI must be developed, deployed, and used responsibly from the start.”

Pichai also highlighted “Grow with Google,” which has already trained one hundred million people worldwide in digital skills.