US government data does not track job openings or hires in artificial intelligence specifically, but online job postings tracked by job sites including Indeed, ZipRecruiter and Glassdoor show job openings for AI-related positions are surging.Artificial intelligence is now being used in an ever-expanding array of products: cars that drive themselves; robots that identify and eradicate weeds; computers able to distinguish dangerous skin cancers from benign moles; and smart locks, thermostats, speakers and digital assistants that are bringing the technology into homes. The company has algorithms that trawl job postings on company websites, and their data show AI-related job postings having doubled in the last 11 months.He’s right.”But the speed of the transformation will depend in part on the availability of technical talent.At the University of Illinois, professor Mark Hasegawa-Johnson last year tripled the enrollment cap on the school’s intro AI course to 300.

“The supply of people moving into this field is way below demand,” he said. “Companies are really hungry for these folks right now,” Holm said. “It does slow things down. Eventually, the student took a job with Proctor & Gamble, where she uses AI to figure out where to put items on store shelves around the globe. Applicants to UC Berkeley’s doctoral program in electrical engineering and computer science numbered 300 a decade ago, but by last year had surged to 2,700, with more than half of applicants interested in AI, according to professor Pieter Abbeel. Louis Federal Reserve Bank President James Bullard in an interview. The extra 200 seats were filled in 24 hours, he said.Too few AI-trained job-seekers has slowed hiring and impeded growth at some companies, recruiters and would-be employers told Reuters.But Yue wasn’t worried about so much potential competition.Boris Yue, 20, was one of the thousands of student attendees, threading his way among fellow job-seekers to meet recruiters.”The crunch is great news for job-seeking students with AI skills.(Source).“Have we been able to find the talent we need? Yes,” he said. AI job postings as a percentage of overall job postings at Indeed nearly doubled in the past two years, according to data provided by the company. Although schools across the country are adding classes, increasing enrolment and developing new programs to accommodate student demand, there are too few potential employees with training or experience in AI. “And we are trying to supply the students to fill that demand. In addition to bumping their pay and giving them more choice, they often get job offers well before they graduate.Michael Solomon, whose New York-based 10X Management rents out technologists to companies for specific projects, says his top AI engineers now command as much as USD 1000 an hour, more than triple the pay just five years ago, making them one of the company’s two highest paid categories, along with blockchain experts.”Still, a fix for the supply-demand mismatch is probably five years out, says Andrew Chamberlain, chief economist at Glassdoor.Liz Holm, a materials science and engineering professor at Carnegie Melon, saw the increased demand first-hand in May, when one of her graduating PhD students, who used machine learning methods for her research, was overwhelmed with job offers, none of which were in materials science and all of them AI-related.A shortage of trained workers “will definitely slow the rate of diffusion of the new technology and any productivity gains that accompany it,” said Chad Syverson, a professor at the University of Chicago Booth School of Business.The expanding applications for AI have also created a shortage of qualified workers in the field.

The demand has driven up wages. Glassdoor estimates that average salaries for AI-related jobs advertised on company career sites rose 11 per cent between October 2017 and September 2018 to $123,069 annually. “I do think artificial intelligence is … coming of age,” said St.Andrew Shinn, a chip design manager at Marvell Technology Group who was recruiting interns and new grads at UC Berkeley’s career fair, said his company has had trouble hiring for AI jobs. “This will diffuse through the whole economy and will change all of our lives.Mark Maybury, an artificial intelligence expert who was hired last year as Stanley Black and Decker’s first chief technology officer, agreed. While the job outlook for those with computer skills is generally good, Yue is in an even more rarified category: he is studying artificial intelligence, working on technology that teaches machines to learn and think in ways that mimic human cognition.

In response, the school tripled its entering class to 30 in the fall of 2017. “We feel strongly that the demand is there,” said Reid Simmons, who directs CMU’s new program. At Georgia Tech, students interact with digital teaching assistants made possible by AI for hybrid injection molding machine Manufacturers an online course in machine learning.Carnegie Mellon University this fall began offering the nation’s first undergraduate degree in artificial intelligence. His choice of speciality makes it unlikely he will have difficulty finding work. He turned it down in favour of Facebook, where he started this past July. Searches on Indeed for AI jobs, meanwhile increased just 15 per cent.Dozens of employers looking to hire the next generation of tech employees descended on the University of California, Berkeley in September to meet students at an electrical engineering and computer science career fair. It may also be delaying broader adoption of a technology that some economists say could spur US economic growth by boosting productivity, currently growing at only about half its pre-crisis pace.”Many economists believe AI has the potential to change the economy’s basic trajectory in the same way that, say, electricity or the steam engine did.Derek Brown, who studied artificial intelligence and cognitive science as an undergraduate at Carnegie Mellon, got a full-time post-graduation job offer from Salesforce at the start of his senior year last fall. “There is no shortage of machine learning opportunities,” he said.That has big consequences. “Is it expensive? Yes.Universities are trying to keep up. “We have had difficulty filling jobs for a number of years,” he said. The firm is embedding AI into the design and production of tools, he said, though he said details are not yet public