New bill would reward companies for training and hiring the human workforce behind AI

The SKILL Act is a new bill that would provide tax credits to companies for training and hiring workers. The bill is specifically aimed at the human workforce behind AI, which includes roles such as data labelers and annotators who prepare data for machine learning models. The legislation seeks to incentivize companies to invest in this often overlooked segment of the AI industry.

Under the proposed law, employers would receive a $2,500 tax credit for each student who completes a qualifying training program. An additional $2,500 credit would be available if the employer hires that graduate. The credits are structured to cover both the training phase and the subsequent employment of workers.

The bill has been introduced as a way to address labor needs in the AI sector while also providing opportunities for workers to gain relevant skills. The tax credits are designed to reduce the financial burden on companies that invest in training their workforce. The SKILL Act is currently under consideration and would require congressional approval to become law.