In a strategic move, Alphabet Inc. GOOGL GOOG subsidiary Google has committed $1 billion to provide artificial intelligence (AI) offering educational resources and technical assistance to U.S. colleges and nonprofits.

Google’s three-year initiative has already partnered with more than 100 universities, including major public university systems like Texas A&M and the University of North Carolina.

Participating institutions stand to receive cash funding, cloud computing credits for AI training, and AI-related research resources. Additionally, Google will provide college students with an advanced version of its Gemini chatbot for free, among other AI tools.

Google’s Senior Vice President, James Manyika, revealed in an interview that the company intends to extend the program to all accredited nonprofit colleges across the U.S. and is exploring similar efforts internationally. However, he declined to disclose the specific amount Google is allocating in direct funding to external institutions.

This initiative comes as other tech behemoths, including Amazon and Microsoft, are making comparable advances in AI education. Microsoft announced a $4 billion commitment to enhance AI education worldwide in July. By introducing their products to students, tech companies aim to secure future business deals as these users transition into the workforce.

The push for AI education has been gaining momentum, with over 250 CEOs from Fortune 500 companies advocating for AI and computer science education for all K-12 students in May, as part of the Unlock8 campaign led by Code.org and CSforALL.

Furthermore, tech leaders have been vocal about the rapid advancement of AI. Microsoft co-founder Bill Gates warned that AI is progressing at a surprising rate, creating uncertainty about when AI might replace human workers across industries.

Similarly, Nvidia Corp. CEO NVDA Jensen Huang shared his views on the impact of AI on the job market, stating that AI will eliminate mundane tasks and revolutionize the way people work. Those who do not embrace AI risk being left behind.

Benzinga's Edge Rankings place Google in the 65th percentile for momentum and the 72nd percentile for growth, reflecting mixed performance. Check the detailed report here.