Google CEO Sundar Pichai announces $800 million for small businesses, crisis responders

Google CEO Sundar Pichai has anunced company's new financial commitment of over $800 million to support SMBs, health organisations and governments, and health workers in wake of coronavirus pandemic.

Pichai, in his blog, also mentioned tech giant's contribution of $250 million in ditional vertisement grants to World Health Organisation and more than 100 government ncies worldwide to combat virus. 

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About $20 million will be provided in grants to community financial institutions and NGOs, while $340 million in Google s credits will be available to all SMBs with active accounts over past year. A $200 million investment fund has been anunced with aim to support NGOs and financial institutions around world to help provide small businesses with access to capital.

tech giant is also providing $20 million in Google Cloud credits for acemic institutions and researchers working to study pandemic. Besides grants, Google is also working with Magid Glove & Safety to ramp up production of 2-3 million face masks in coming weeks.

World stares puzzled at coronavirus

 pandemic has sent major global ecomies into limbo with many industries staring at huge revenue losses due to virus outbreak. Countries such as US, China, Italy, France, South Korea, among or developed nations have been bly hit by COVID-19. infected cases and death toll in se countries is maximum as compared to ors despite having one of world’s best health care systems.

US has become new epicentre of dely COVID-19 infection, surpassing Italy with over 120,000 positive cases and total deaths in country surging over 2000. US President Donald Trump has blamed China for ir alleged negligence and concealment of facts on issue that has supposedly led to escalation of disease into a global pandemic.

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dely coronavirus outbreak that originated in China last year has spre across 197 countries across world. Presently, re are nearly 660,000 confirmed global cases of COVID-19 infection which has led to death of over 30,600 people.

As re is vaccine or specific antiviral medicine to treat COVID-19, countries have been grappling with all possible mechanisms to contain its spre. So far, China, Italy, Iran, Spain and US have witnessed  most number of confirmed cases of vel coronavirus.

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(Im source - AP)