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Stock impact report

Caterpillar pledges $100M to upskill workforce in AI era [Yahoo! Finance]

Caterpillar, Inc. (CAT) 
Last caterpillar, inc. earnings: 4/28 06:30 am Check Earnings Report
US:NYSE Investor Relations: caterpillar.com/en/investors.html
Company Research Source: Yahoo! Finance
Caterpillar Inc. plans to commit $100 million over the next five years to upskill its workers to keep up with technological advancements and an evolving labor market. The construction and mining equipment manufacturer is making the investment in a bid to train up its workforce with robotics, automation and artificial intelligence technologies, including digital twins and machine language models. The pledge builds on Caterpillar's efforts to close the growing manufacturing skills gap, including through STEM outreach for K-12 students and paid technician training programs for adults Over the next five years, the skill sets needed for the global workforce are set to evolve dramatically, driven by rapid technological advancements in AI, information processing, robotics and automation. According to the World Economic Forum's The Future of Jobs Report 2025 , these trends are expected to fuel demand for technology-related skills, including in AI and big data, networks and cybersecur Show less Read more
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