This bill authorizes the Commissioner of Labor and Workforce Development in New Jersey to form 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 responsibility 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 landscape. The bill also establishes an advisory council to guide the partnership's work and requires annual reporting to the Governor and Legislature on the program's progress.

Additionally, the bill stipulates that private entities involved in these partnerships will not be subject to certain procurement and contracting requirements, nor to prevailing wage laws, thereby streamlining the process for developing AI training programs. The Commissioner will oversee the approval of project proposals, which must include details such as fee structures, training duration, instructor qualifications, and training locations. The bill aims to create a robust framework for AI workforce development while ensuring that the training programs are effectively managed and evaluated.