New York Is the Capital of a Booming Artificial Intelligence Industry
AI and machine learning job postings have doubled since 2015, but there aren’t enough viable candidates to go around. That means big starting salaries for those who qualify.
From Silicon Valley to Wall Street, there’s increasing demand for highly skilled workers in artificial intelligence and machine learning. But a limited pool of talent has allowed viable candidates who smell the desperation to put a high price on their skills.
The number of job postings featuring “artificial intelligence” or “machine learning” in their description has doubled since 2015, according to global jobs site Indeed.com, and prospective employees are increasingly seeking them out. Search entries for AI and machine learning positions have risen 182 percent in the past three years. But more job searches don’t mean more qualified applicants, as industries struggle to find sufficiently skilled candidates.
Meanwhile, the lucrative salaries being offered on public platforms such as Indeed.com may pale in comparison with bigger-money AI jobs filled directly or via head-hunters—jobs which can come with huge bonuses and stock options.