Cognizant is investing heavily in AI skills training, aiming to train 2 million people by 2030. The company plans to hire 1,500 US college graduates in 2026 and has awarded $70 million in philanthropic grants for STEM education and technology careers. This move is part of Cognizant's effort to address the growing demand for AI skills in the workforce.
Broadcom Inc. is also benefiting from the growing demand for AI infrastructure, with its AI-related business growing by 30% and reporting a 24% year-over-year increase in revenue. The company expects AI chip revenue of $115 billion by 2027, growing at a 24% compound annual growth rate.
In other AI-related news, Grameenphone Academy has enrolled over 400,000 people in its AI skills training program, while Hana Securities has launched an AI-powered trading app. Beisen Holdings Limited has unveiled Beisen Mavens, a platform that utilizes AI to provide HR professionals with personalized recommendations and insights.
A total of $9.2 billion was invested in AI startups across 46 funding rounds, covering various sectors including Kubernetes, MLOps, cloud infrastructure, and clean energy. The iShares S&P 100 ETF has replaced Nike and Colgate with four AI infrastructure plays, including Dell, Palo Alto, Arista Networks, and SanDisk.
Meanwhile, Proofpoint has introduced the SOC Analyst Agent, a product built through OpenAI's Daybreak Defence Network, which uses AI to help analysts investigate threats. The AI investment boom has raised concerns that it may be crowding out other sectors, including biotech and nanotechnology.
Key Takeaways
* Cognizant aims to train 2 million people in AI skills by 2030 and has awarded $70 million in philanthropic grants for STEM education. * Broadcom Inc. expects AI chip revenue of $115 billion by 2027, growing at a 24% compound annual growth rate. * Grameenphone Academy has enrolled over 400,000 people in its AI skills training program. * Hana Securities has launched an AI-powered trading app. * Beisen Holdings Limited has unveiled Beisen Mavens, a platform that utilizes AI for HR professionals. * A total of $9.2 billion was invested in AI startups across 46 funding rounds. * The iShares S&P 100 ETF has replaced Nike and Colgate with four AI infrastructure plays. * Proofpoint has introduced the SOC Analyst Agent, a product built through OpenAI's Daybreak Defence Network. * The AI investment boom has raised concerns about crowding out other sectors. * OpenAI is involved in various AI developments, including the Daybreak Defence Network.Cognizant invests in US workforce for AI-driven future
Cognizant is investing in America's workforce by hiring US college graduates and scaling new AI-era job categories. The company aims to hire 1,500 graduates in 2026 and has joined a national coalition to support worker transitions. Cognizant plans to train 2 million people in AI skills by 2030. The company has awarded $70 million in philanthropic grants for STEM education and technology careers. Cognizant's CEO, Ravi Kumar S, believes AI will create more jobs than it displaces.
Cognizant to upskill 2 million in AI by 2030
Cognizant is doubling its global AI skilling commitment to 2 million people by 2030. The company plans to hire 1,500 US college graduates in 2026 and scale its Frontier Certified Engineer and Frontier Business Operator roles. Cognizant has joined the RAISE US coalition to support worker transitions and has awarded $70 million in grants for STEM education. The company's AI skilling program aims to address the growing demand for AI skills in the workforce.
Cognizant to train 2 million people in AI skills
Cognizant is investing in homegrown talent by hiring US college graduates and scaling its AI-era job categories. The company aims to train 2 million people in AI skills by 2030 and has joined the RAISE US coalition to support worker transitions. Cognizant has awarded $70 million in philanthropic grants for STEM education and technology careers. The company's AI skilling program aims to address the growing demand for AI skills in the workforce.
Broadcom's AI opportunity expands across infrastructure
Broadcom Inc. is benefiting from the growing demand for AI infrastructure. The company's AI-related business grew by 30% and reported a 24% year-over-year increase in revenue. Broadcom's AI chips are used in various applications, including natural language processing, computer vision, and robotics. The company is expanding its presence in emerging markets, including AI.
Broadcom's AI forecast suggests hyperscalers want more
Broadcom Inc. expects AI chip revenue of $115 billion by 2027 and growing at a 24% compound annual growth rate. The company's AI chip business is driven by demand from hyperscalers, including Amazon Web Services, Microsoft Azure, and Google Cloud. Broadcom's AI chips are used in various applications, including natural language processing and computer vision.
Grameenphone Academy enrolls 400,000 for AI skills
Grameenphone Academy has enrolled over 400,000 people in its AI skills training program. The academy provides training in digital, professional, and emerging technology skills. The program aims to prepare young people for an AI-enabled economy and provide them with practical skills.
Hana Securities launches AI-powered trading app
Hana Securities has launched an AI-powered trading app that provides investors with summarized stock market information and personalized recommendations. The app uses AI to analyze market trends and provide insights to investors.
Beisen unveils AI HR experts on Mavens platform
Beisen Holdings Limited has launched Beisen Mavens, a platform that utilizes AI to provide HR professionals with personalized recommendations and insights. The platform aims to integrate AI into HR operations and provide tangible benefits, including increased efficiency and reduced costs.
AI funding roundup: $9.2B across 46 rounds
A total of $9.2 billion was invested in AI startups across 46 funding rounds. The funding rounds covered various sectors, including Kubernetes, MLOps, cloud infrastructure, and clean energy.
iShares S&P 100 ETF replaces Nike and Colgate with AI stocks
The iShares S&P 100 ETF has replaced Nike and Colgate with four AI infrastructure plays, including Dell, Palo Alto, Arista Networks, and SanDisk. The ETF's holdings reflect the growing importance of AI in the market.
Is AI crowding out other investments?
The AI investment boom has raised concerns that it may be crowding out other sectors, including biotech and nanotechnology. The growing demand for AI infrastructure and talent has led to increased borrowing costs, which could squeeze financing for non-AI firms.
Proofpoint launches AI SOC Analyst Agent with OpenAI
Proofpoint has introduced the SOC Analyst Agent, a product built through OpenAI's Daybreak Defence Network. The agent uses AI to help analysts investigate threats and provide natural-language investigation across connected security data.
Sources
- Cognizant Invests in America's AI-Era Workforce
- Cognizant Invests in America's AI-Era Workforce
- AI training goal doubles to 2 million people. Cognizant plans to reach it by 2030.
- Broadcom Inc. (AVGO)’s AI Opportunity Expands Across Infrastructure
- Broadcom’s AI Forecast Suggests Hyperscalers Want More Than Just Nvidia GPUs
- Grameenphone Academy crosses 400,000 enrolments, driven by AI skills
- Hana Securities Launches AI-Powered Trading App
- Beisen Unveils 15+ AI HR Experts on Mavens Platform AI Monetization Continues to Accelerate
- AI Funding Roundup: $9.2B Across 46 Rounds, Aug 31 to Sep 6
- The S&P 100 ETF Just Dumped Nike and Colgate for 4 AI Stocks. Here's What That Means for Your Portfolio
- Is AI crowding out other investment?
- Proofpoint launches AI SOC Analyst Agent with OpenAI
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