Raimondo and Holcomb Launch RAISE US to Combat AI Job Loss
Former Commerce Secretary Gina Raimondo and former Governor Eric Holcomb launched RAISE US, a nonprofit deploying $500 million to help workers adapt to AI-driven displacement.
Gina Raimondo and Eric Holcomb have launched RAISE US, a bipartisan nonprofit designed to help the American workforce adapt to job displacement caused by artificial intelligence. The organization has secured over $500 million in multi-year commitments toward a $1 billion goal to fund education, training, and the piloting of workforce policies such as wage insurance and short-time compensation.
Operating in partnership with states and major employers rather than the federal government, the initiative is launching initial pilots in Arkansas, Connecticut, Maryland, and Utah. In Arkansas, the group is developing an AI-powered career navigation platform called Arkansas LAUNCH. Anchor partners include Microsoft, Amazon, Anthropic, the OpenAI Foundation, Bank of America, IBM, Cisco, and Eli Lilly and Co.
The initiative seeks to establish a people strategy to complement the national technology strategy, creating state-level policy models that Congress may eventually adopt to prevent economic instability. This effort comes amid analyst warnings that up to 25 million U.S. jobs could be eliminated over five years.
President Donald Trump has dismissed immediate concerns regarding AI-driven job losses. He asserts that labor demand remains high and that the primary challenge is finding workers, despite Bureau of Labor Statistics data indicating job losses in manufacturing and trucking during his second term.