Tech companies pledge billions in cybersecurity investments

Some of the country's leading technology companies have committed to investing billions of dollars to strengthen cybersecurity defenses and to train skilled workers, the White House announced Wednesday following President Joe Biden's private meeting with top executives.

The Washington gathering was held during a relentless stretch of ransomware attacks that have targeted critical infrastructure and major corporations, as well as other illicit cyber operations that U.S. authorities have linked to foreign hackers.

After the meeting, the White House announced that Google had committed to invest $10 billion in cybersecurity over the next five years, money aimed at helping secure the software supply chain and expand zero-trust programs.

Microsoft, meanwhile, said it would invest $20 billion in cybersecurity over the next five years and make available $150 million in technical services to help local governments upgrade their defenses. IBM plans to train 150,000 people in cybersecurity over three years, Apple said it would develop a new program to help strengthen the technology supply chain, and Amazon said it would offer to the public the same security awareness training it gives to employees.

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