RAISE US Launches $500 Million AI Jobs Initiative, Targeting $1 Billion
Updated
Updated · POLITICO · Jun 25
RAISE US Launches $500 Million AI Jobs Initiative, Targeting $1 Billion
3 articles · Updated · POLITICO · Jun 25
Summary
$500 million in initial funding will be deployed by RAISE US over the next three to four years to help states prepare for AI-driven job disruption, with the nonprofit still fundraising toward $1 billion.
Gina Raimondo said the group is working through governors because states can move faster, while warning that concentrated job losses could eventually force federal intervention.
Eric Holcomb said even $1 billion would fall short as RAISE US expands to more states, underscoring the scale of potential worker displacement.
An internal policy lab will study additional responses, but the group is avoiding the fight over taxing AI profits, public wealth funds, government stakes in companies or direct cash payouts.
The launch comes as AI leaders have recently softened earlier warnings of rapid white-collar job losses, even as bipartisan backers argue the labor-market risk is too large to ignore.