"Tech Consortium Addresses AI's Impact on Jobs and Economy"

Big Tech companies including Cisco, Google, Microsoft, IBM, Intel, SAP, and Accenture have formed the AI-Enabled ICT Workforce Consortium (ITC) to address concerns about AI leading to job losses. The consortium aims to evaluate the impact of AI on 56 ICT job roles and provide training recommendations, with a focus on re-skilling and upskilling within the information and communication technology industry. However, skepticism remains about the effectiveness of vague promises and reports, as the demand for AI roles is reportedly decreasing. The ITC intends to publish its findings in a report this summer and will determine its future scope in mid-2024.