Tech’s biggest companies are placing huge bets on artificial intelligence, banking on things ranging from face-scanning smartphones and conversational coffee-table gadgets to computerized health care and autonomous vehicles. As they chase this future, they are doling out salaries that are startling even in an industry that has never been shy about lavishing a fortune on its top talent.Typical A.I. specialists, including both Ph.D.s fresh out of school and people with less education and just a few years of experience, can be paid from $300,000 to $500,000 a year or more in salary and company stock, according to nine people who work for major tech companies or have entertained job offers from them.
Well-known names in the A.I. field have received compensation in salary and shares in a company’s stock that total single- or double-digit millions over a four- or five-year period. And at some point they renew or negotiate a new contract, much like a professional athlete. Although AI and machine adoption is on the rise, there is negligible talent with experience in technologies like deep learning and neutral networks.
Accordingly, the average salary of AI professionals across industries are quite attractive. Moreover, HR managers and talent acquisition professionals feel that because of AI their roles will evolve into broader and more strategic productivity management roles. As there is significant talent crunch in the AI space, recruiters who can speed up their hiring process using AI automation tools will win the war for talent in the future.
While tech’s biggest firms are trying to vacuum up all the talent, the fact remains that companies of all sizes are going to need to leverage A.I. in coming years if they want to retain some sort of competitive advantage. Fortunately, Dice data has shown that tech pros don’t just care about money; they also want perks, benefits, and a positive working environment. A company that can provide those things, even if it doesn’t have the billions of a Google or Amazon, has a shot at snatching up the talent it needs.
For those tech pros looking to boost their standing within their company, there may be no better time to pick up some A.I.-related skills. Consider taking a few courses from a bootcamp or online-learning institution such as Udacity—your company may even pay for it.
Growth opportunities are hard to come by without significant investment, but artificial intelligence (AI) is a self-running engine for growth in healthcare. According to Accenture analysis, when combined, key clinical health AI applications can potentially create $150 billion in annual savings for the US healthcare economy by 2026.
AI in health represents a collection of multiple technologiesenabling machines to sense, comprehend, act and learn so they can perform administrative and clinical healthcare functions. Unlike legacy technologies that are only algorithms/ tools that complement a human, health AI today can truly augment human activity.
With immense power to unleash improvements in cost, quality and access, AI is exploding in popularity. Growth in the AI health market is expected to reach $6.6 billion by 2021—that’s a compound annual growth rate of 40 percent. In just the next five years, the health AI market will grow more than 10×2.