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Google is investing $1 billion to prepare American workers for the future

Google doesn't want employers to have to search too hard for workers with technological skills. That's why the tech company is investing an unprecedented $1 billion in the future of American jobs — and the future of its company.

Google CEO Sundar Pichai unveiled the initiative, aimed at preparing the U.S. workforce for a transforming job market, at an event Thursday. It's Google's biggest philanthropic move to date, USA Today notes.

Called Grow with Google, the program provides resources for Americans to learn and teach new technology skills. Google will provide $1 billion in grants to nonprofits focused on building the in-demand job skills, and Google employees will volunteer 1 million hours to help make that happen.

The massive program addresses the fact that the world's jobs are rapidly shifting into the tech industry. Pichai pointed out that one-third of the jobs available in 2020 require skills that aren't common today, per the World Economic Forum.