Meta, Google, BlackRock commit over $265 million to train electricians for AI data centers

Industry
โดย The New York Times·Read original
Summary · why it matters

Meta, Google, and BlackRock are collectively committing more than $265 million to recruit and train electricians and other construction workers for artificial intelligence data centers across the United States. Meta is putting $115 million toward the first year of a multi-year effort, initially enrolling around 5,000 people in a month-long course with transportation and housing covered, after which participants move directly onto job sites with Meta contractors. Google's $50 million pledge is directed at the IBEW and its contractor network, aiming to grow yearly apprenticeship intake from 19,500 to 30,000 over three years in markets Google has identified. BlackRock has contributed $100 million to expand skilled trades training for its data centers in Texas. The spending reflects a strained labor market where data center installation and maintenance workers earn roughly 42 percent above comparable wages, and areas like Dallas and Northern Virginia have seen workers leave for signing bonuses and higher per diems.

Impact on stocks 3

Artificial Intelligence▲ · 2 stocks
Alphabet Inc Class C
GOOG
▲ PositiveCapitalrelevance

Google pledges $50M to expand IBEW apprenticeship programs for its data centers, easing labor constraints.

Meta Platforms Inc.
META
▲ PositiveCapitalrelevance

Meta commits $115M to train electricians for its AI data centers, addressing labor shortages and supporting its infrastructure buildout.

Digital Finance & Tokenization▲ · 1 stocks
BlackRock Inc
BLK
▲ PositiveCapitalrelevance

BlackRock contributes $100M to skilled trades training for its data centers in Texas, supporting its infrastructure investments.

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