Google offers online course in jobs push amid concerns about AI

Google is launching a new online education program to certify people for work in information technology support, part of the internet giant’s philanthropic push around job training

San Francisco: Alphabet Inc.’s Google is launching a new online education program to certify people for work in information technology support, part of the internet giant’s philanthropic push around job training.

Google has poured billions into artificial intelligence, a technology that many expect will render jobs across several fields obsolete. Last year, Google chief executive officer Sundar Pichai introduced a companywide initiative focused on employment. He announced Google would give $1 billion over five years to nonprofits in the field.

The new program, developed with online education firm Coursera Inc., is designed to help people without formal training or college degrees find IT jobs at large companies. “As technology advances change or replace more jobs, we must create more pathways for people to jump into the new, high-paying careers of the future,” Jeff Maggioncalda, Coursera’s CEO, said in a statement.

Google said it developed the curriculum based on its own training of support staff. The company said it will fund financial assistance for over 10,000 participants program, pooled from the $1 billion it has already pledged. Bloomberg

Another Euro Crisis? Here's What Markets Are Saying About Italy

Italy’s stocks and bonds came under intense pressure on Friday, with the plunge in the country’s banks wiping $10 billion off their market value. Those who remember the chaos of the euro region’s sovereign debt crisis will be asking, whether this is the start of something much worse. Here’s what financial markets are telling us. Bond Risks The selloff in the nation’s 10-year bonds drove yields up the most since May -- a time when the Five Star Movement and the League parties were forming their coalition, and holding talks with euroskeptics who had floated the idea of leaving the euro area. The good news is that the hard-line rhetoric has faded somewhat, meaning the concern in markets is about the size of Italy’s debt load, rather than the risk that it leaves the currency bloc. This is reflected in Italy’s 10-year yield spread over German bunds. That gauge is hovering at around 270 basis points, still short of the year’s highs of around 323 basis points. A...

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