AI vendors offer to help fix the job havoc they created

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Summary

Raise Us has launched as a nonpartisan nonprofit to help workers adapt to an AI-driven economy. The group is partnering with major tech companies, employers, state governments, and training organizations to design retraining and redeployment programs. It has already secured more than $500 million and wants to reach $1 billion in commitments. Analysts question whether the effort will produce measurable action or mainly serve as AI industry PR. The initiative could still become a channel for workforce training pilots and employer-facing transition programs.

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Amount $500.0M Total raised
Date August 1, 2024 Announcement date
Investors Cisco, Microsoft, IBM Lead investors
Company raiseus.ai Funded company

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