Cadence Announces Fem.AI Alliance to Lead Gender Equity Revolution in the AI Workforce
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Cadence Announces Fem.AI Alliance to Lead Gender Equity Revolution in the AI Workforce

Equinix, NetApp, NVIDIA and Workday join Fem.AI Alliance to drive change, backed by initial $20 million Cadence investment

SAN JOSE, Calif. — (BUSINESS WIRE) — October 15, 2024 — Cadence Design Systems, Inc. (Nasdaq: CDNS) announced that industry leaders Equinix Foundation, NetApp, NVIDIA and Workday are founding members of the Cadence Giving Foundation’s Fem.AI Alliance, a group of companies and institutions that have committed to driving change towards a more representative tech and AI workforce. The Fem.AI Alliance is dedicated to evolving the future workforce by increasing women’s representation and leadership in the tech industry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241015434402/en/

The Cadence Giving Foundation's Fem.AI Alliance is dedicated to evolving the future workforce by increasing women’s representation and leadership in the tech industry. Founding members include Equinix Foundation, NetApp, NVIDIA and Workday. (Graphic: Business Wire)

The Cadence Giving Foundation's Fem.AI Alliance is dedicated to evolving the future workforce by increasing women’s representation and leadership in the tech industry. Founding members include Equinix Foundation, NetApp, NVIDIA and Workday. (Graphic: Business Wire)

“Women’s talent and perspectives are crucial to shaping the future of AI. Ensuring that women are well represented and valued in the workforce is a business imperative,” said Anirudh Devgan, president and CEO of Cadence. “With our newly formed Fem.AI Alliance, we will work with like-minded companies to increase the number of women in STEM, which will fuel the creation of innovative, inclusive and responsible AI solutions.”

The inaugural Fem.AI Summit, hosted by the Cadence Giving Foundation on October 1, a day also recently recognized as International Women in AI Day, brought together leaders from the tech industry, as well as universities, venture capital and social impact. The summit highlighted the challenges women face in AI and inspired leaders to play a role in effecting change. Experts discussed the many reasons to expand the talent pipeline and the need for diverse perspectives in the creation and testing of AI solutions.

“Ensuring that women play a role in this technology revolution is not just a nice-to-have; it is essential. We must have enough talent to capitalize on what AI promises to deliver, and we need a true cross-section of society working on AI so that we create technology that serves everyone,” said Tina Jones, senior vice president, Global Human Resources at Cadence.

“AI has the power to transform society positively, but we must actively work together to improve representation,” said Alexis Bjorlin, vice president of DGX Cloud at NVIDIA. “The Fem.AI Alliance presents an opportunity to help shape an inclusive AI future by empowering women to pioneer in this nascent field.”

“AI’s true potential relies on its ability to represent the range of human experiences, making Fem.AI’s mission so critical,” said Kathy Pham, vice president of AI at Workday. “In line with our commitment to elevating humans and supercharging work through the power of AI, Workday is proud to join this alliance to help support and cultivate women AI leaders driving innovation.”

The Cadence Giving Foundation is committing $20 million and working with nonprofit partners and universities to address the three critical leakage points where women decide not to pursue STEM careers. Through its partnerships with nonprofits, including Break Through Tech, Fast Forward, Generation, Global Semiconductor Alliance’s Women’s Leadership Initiative (WLI), Last Mile Education Fund, Reboot Representation and VC Include, and in collaboration with MIT Thriving Stars and Cadence’s university and scholarship programs, Cadence’s investment has already impacted thousands of women to move past those three leakage points.

Interested organizations can learn more about the initiative and join the Fem.AI Alliance today.

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About Cadence

Cadence is a pivotal leader in electronic systems design, building upon more than 30 years of computational software expertise. The company applies its underlying Intelligent System Design strategy to deliver software, hardware and IP that turn design concepts into reality. Cadence customers are the world’s most innovative companies, delivering extraordinary electronic products from chips to boards to complete systems for the most dynamic market applications, including hyperscale computing, 5G communications, automotive, mobile, aerospace, consumer, industrial and healthcare. For 10 years in a row, Fortune magazine has named Cadence one of the 100 Best Companies to Work For. Learn more at cadence.com.

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