IBM is investing $1 billion in job training, apprenticeships

IBM is on track to spend $1 billion on artificial intelligence-focused training and initiatives for the U.S. workforce over the next decade, CNBC reports.

IBM CEO, Chair and President Ginni Rometty said at a CNBC conference April 2 that within the next five to 10 years, she expects AI to affect 100 percent of jobs in the workforce, according to the report. As a result, companies will face issues finding employees for positions in areas including software development and data analytics, she said.

"To get ready for this paradigm shift companies have to focus on three things: retraining, hiring workers that don't necessarily have a four-year college degree and rethinking how their pool of recruits may fit new job roles," Ms. Rometty said.

As part of its $1 billion AI investment, IBM is creating 500 apprenticeships to train workers with technology skills, but not a college degree, to fill AI positions at the company.

Ms. Rometty is one of 25 individuals appointed in February to President Donald Trump's American Workforce Policy Advisory Board, which aims to support the rise of automation without letting AI replace jobs.

To access the full report, click here.

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