Microsoft president talks $4B AI investment amid sweeping layoffs: ‘We have to prioritize’

The company has laid off roughly 15,000 employees globally since May, including 3,120 workers in Washington state by Aug. 1.

SEATTLE — Microsoft on Wednesday announced a $4 billion global initiative to expand access to artificial intelligence training — a major investment that comes as the company lays off thousands of workers.

Unveiled at Seattle’s Museum of History & Industry, the five-year program, called Microsoft Elevate, aims to train 20 million people in AI skills through a new Elevate Academy and partnerships with schools, colleges, and nonprofits. Microsoft President Brad Smith said the goal is to “democratize access to AI.”

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