Google CEO Sundar Pichai announces over USD 800 million to support SMBs, crisis response

Google CEO Sundar Pichai announces over USD 800 million to support SMBs, crisis response

Sundar Pichai, CEO of Google and Alphabet, has announced the company’s new commitment to support SMEs, health organizations and governments and health professionals in response to the ongoing COVID-19 pandemic. In an official blog, Pichai announced a new $ 800 plus million pledge.

The blog also cited “$ 250 million in advertising grants to help the World Health Organization (WHO) and more than 100 government agencies worldwide provide critical information on how to spread COVID-19 and other measures to local communities.” $ 20 million will be provided in advertising grants to financial institutions and community NGOs, while $ 340 million in Google Ads credits will be available to all small and medium-sized businesses with active accounts in the past year. A $ 200 million investment fund aims to help NGOs and financial institutions around the world provide access to capital for small businesses.

The company is also providing $ 20 million in Google Cloud credits for academic institutions and researchers to study the pandemic. In addition to grants, Google is also working with Magid Glove & Safety to increase the production of 2-3 million face masks in the coming weeks. (ANI)

(This story has not been edited by staff and is automatically generated from a syndicated feed.)

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