Zuckerberg’s Education Connectivity initiative is a big deal.
The initiative aims to give millions of kids an education by providing them with a laptop, computer, and a tablet.
The plan is expected to cost more than $1bn.
Mark Zuckerberg said the initiative was launched in 2014 as part of the social network’s “Education Day” program, which focuses on building the next generation of people.
“We wanted to create a world where kids can be educated, and we are excited to be a part of that effort,” Zuckerberg said at the unveiling of the initiative.
The program, now called Education Day, is being spearheaded by Microsoft co-founder Paul Allen.
Microsoft has said it is committed to investing $1.3bn over the next five years to bring computers and education to everyone.
The company has also partnered with the Gates Foundation to support the initiative, which was created in partnership with the Bill & Melinda Gates Foundation.
It has raised more than a half-billion dollars from investors to date.
“This initiative is our first big step toward providing a platform for everyone, and it’s important to underscore that there is a great deal of work ahead,” Allen said at a press conference earlier this month.
“Education has never been a luxury, and there’s a great responsibility to support young people to build a better future for themselves.”
Zuckerberg also revealed that Microsoft will be investing $3.6bn in education over the course of its lifecycle, bringing its total investments to more than four billion.
Zuckerberg added that the $1billion cost of the Education Connectiveness program was a “huge” part of its decision to invest.
“It’s a big investment, but it’s a small part of our overall investment,” Zuckerberg told TechCrunch.
“That’s the way it should be.
It’s not a billion-dollar investment, it’s not the most important part of investing.
We have a lot of other investments to make.”