This bill authorizes the Commissioner of Labor and Workforce Development in New Jersey to create public-private partnerships aimed at developing artificial intelligence (AI) job training programs. The partnerships will allow private entities to take on full financial and administrative responsibilities for creating training and retraining services that focus on AI-related skills. This initiative is designed to support displaced workers and enhance the skill sets of the current workforce, ensuring competitiveness in the rapidly evolving technology market. The bill also stipulates that these private entities will not be subject to certain procurement and prevailing wage requirements, facilitating a more streamlined process for program development.

Additionally, the bill mandates the establishment of an advisory council to guide the partnership's efforts, with its membership determined by the commissioner. The council will be responsible for submitting annual reports to the Governor and the Legislature, detailing the program's progress and effectiveness. The commissioner will oversee the review and approval of project proposals, which must include essential details such as fee structures, training duration, instructor qualifications, and training locations. Overall, this legislation aims to bolster New Jersey's workforce in the AI sector through strategic collaboration between public and private entities.