Verizon donates additional $65K to Johns Hopkins University initiatives in DC, Baltimore

Rhea-AI Summary

Verizon has announced an additional donation of $65,000 to Johns Hopkins University and Medicine initiatives in Washington, D.C., and Baltimore, adding to a previous $50,000 donation. The new funds will support 'The Power Shift' event series, focusing on the intersection of AI and telemedicine, with the first event scheduled for May 30 at the Hopkins Bloomberg Center. Verizon is also sponsoring a Baltimore educational summit, focusing on AI's impact on healthcare and local government. Additionally, Verizon will continue supporting the 'Leading in a Diverse Society' initiative at Johns Hopkins Carey Business School. This donation aligns with Verizon's broader goal of educating individuals on AI and tech skills, part of their Citizen Verizon initiative aimed at preparing 500,000 individuals for future jobs by 2030.

Positive

• Verizon is increasing its donation to Johns Hopkins initiatives by $65,000.
• Funds will support community-focused events like 'The Power Shift' series and a Baltimore summit.
• Focus on AI and telemedicine can improve healthcare access in underserved communities.
• Continued support for the 'Leading in a Diverse Society' initiative at Johns Hopkins Carey Business School.
• Commitment to educating individuals on AI and tech skills aligns with Verizon's Citizen Verizon initiative.
• Previous $50,000 donation has been augmented, showing ongoing support.
• Events hosted at prestigious locations like Hopkins Bloomberg Center and Reginald F. Lewis Museum.

Negative

• No immediate financial gain evident for shareholders from the donation.
• Potential short-term financial impact due to increased charitable contributions.

WASHINGTON, May 29, 2024 (GLOBE NEWSWIRE) -- On top of a $50,000 donation announced last year, Verizon is donating an additional $65,000 this year to Johns Hopkins University and Medicine initiatives in the District of Columbia and Baltimore – including a series of experiential and interactive community conversations, called The Power Shift, to discuss artificial intelligence (AI) and its applications in healthcare.

The Power Shift event series in D.C. will focus on the intersection of telemedicine and AI, including the potential benefits of leveraging new technology and broadband to improve healthcare access in underserved communities. The recently opened, state-of-the-art Hopkins Bloomberg Center (555 Pennsylvania Ave. NW), will host the first event from 5 to 8 p.m. May 30, featuring a panel discussion with industry leaders, tech demonstrations and workshops.

Verizon also will sponsor and host a Baltimore educational summit, including two panel discussions focused on how AI developments will impact the healthcare industry and local government. Panelists from Johns Hopkins, CareFirst Blue Cross Blue Shield, and Verizon will help community members demystify AI using customer-focused use cases. The Reginald F. Lewis Museum (830 E. Pratt St., Baltimore, MD 21202) will host the summit in the months to come.

“Johns Hopkins University and Medicine consistently demonstrates dedication to fostering the success of small businesses, recognizing their vital role in enhancing the health, vitality, and prosperity of our community,” said Maria Harris Tildon, Vice President of Government, Community, and Economic Partnerships. “We look forward to partnerships such as this one with Verizon to further amplify our work and mission of improving the health and well-being of our communities.”

“At Verizon, we're dedicated to driving innovation. Artificial Intelligence presents immense opportunities to reshape industries and improve lives, including advancements in healthcare.” said Tony Lewis, State Government Affairs Vice President, Verizon. “That’s why Verizon is proud to engage and convene thought leaders through this event series. This new technology has the potential to change the world, and Verizon is collaborating with innovators to ensure it's used to uplift all of us, so we can continue to move forward together.”

In addition, Verizon will continue to support Johns Hopkins Carey Business School’s “Leading in a Diverse Society” initiative, beyond an initial $50,000 investment that was announced last year but will be applied in 2024. The initiative connects students from underrepresented demographics with alumni to provide mentorship, expertise and professional networking.

Verizon is proud to be a sponsor of this series and to amplify the innovations and entrepreneurial solutions to health disparities in D.C., Baltimore and beyond. Verizon remains committed to educating individuals on AI and other tech skills through community events and the Verizon Skill Forward program, a free online program for adults in the US to gain skills for in-demand jobs. This initiative is part of Citizen Verizon’s efforts to prepare 500,000 individuals for jobs of the future by 2030.

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed in 2000 and is one of the world’s leading providers of technology and communications services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $134.0 billion in 2023. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, and security.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at verizon.com/news. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media contact:
Chris Serico
christopher.serico@verizon.com
908-227-8097 

FAQ

What is Verizon's latest donation to Johns Hopkins initiatives?

Verizon has donated an additional $65,000 to Johns Hopkins University and Medicine initiatives in D.C. and Baltimore.

When is the first event of 'The Power Shift' series?

The first event of 'The Power Shift' series is scheduled for May 30 at the Hopkins Bloomberg Center.

What topics will the Baltimore summit focus on?

The Baltimore summit will focus on AI's impact on healthcare and local government.

What is the 'Leading in a Diverse Society' initiative?

The 'Leading in a Diverse Society' initiative connects underrepresented students with alumni for mentorship and networking.

What is the goal of Verizon's Citizen Verizon initiative?

The goal of Verizon's Citizen Verizon initiative is to prepare 500,000 individuals for jobs of the future by 2030.