As companies adopt artificial intelligence, it is a market that seeks employment.
As companies adopt artificial intelligence, it is a market that seeks employment.
SAN FRANCISCO (Reuters) - Dozens of employers looking to hire the next generation of technology employees turned to the University of California at Berkeley in September to meet students at a career in electrical engineering and computer science.
Boris Yue, 20, was one of the thousands of students who attended and worked his way through his co-workers to meet with recruiters.
But Yue was not worried about so much potential competition. While the job perspective for those with computer skills is generally good, Yue is in an even more rarefied category: he is studying artificial intelligence, working on technology that teaches machines to learn and think in a way that mimics human cognition.
Your choice of specialty makes it unlikely that you will have difficulty finding a job. "There is no shortage of machine learning opportunities," he said.
He is right.
Artificial intelligence is now being used in a constantly expanding range of products: cars that drive themselves; robots that identify and eradicate weeds; computers capable of distinguishing dangerous skin cancers from benign moles; and smart locks, thermostats, speakers and digital assistants that bring technology to homes. At Georgia Tech, students interact with digital teaching assistants who have made artificial intelligence possible for an online course on machine learning.
Expanding applications for AI have also created a shortage of skilled workers in the field. Although schools across the country are adding classes, increasing enrollment and developing new programs to meet student demand, there are very few potential employees with training or experience in AI.
That has great consequences.
Very few job seekers trained in AI have reduced hiring and prevented growth in some companies, recruiters and potential employers told Reuters. It may also be delaying wider adoption of a technology that, according to some economists, could spur economic growth in the United States by increasing productivity, which is currently growing at only half of its pre-crisis pace.
Andrew Shinn, a chip design manager at Marvell Technology Group who was recruiting interns and new graduates at the UC Berkeley racing fair, said his company has had trouble hiring artificial intelligence jobs.
"We have had difficulties filling jobs for several years," he said. "It makes things slower."
"MAJORITY"
Many economists believe that AI has the potential to change the basic trajectory of the economy in the same way as, say, electricity or the steam engine.
"I think artificial intelligence is ... coming of age," said St. Louis Federal Reserve Bank President James Bullard in an interview. "This will spread throughout the economy and change all our lives."
But the speed of the transformation will depend in part on the availability of technical talent.
The shortage of trained workers "will definitely slow down the diffusion of new technology and any productivity gains that go with it," said Chad Syverson, a professor at the Booth School of Business at the University of Chicago.
The data of the government of the EE. UU They do not track job vacancies or hiring specifically on artificial intelligence, but online job postings tracked by job sites, including Ziprecruiter and Glassdoor, show vacancies for jobs related to AI are increasing. According to the data provided by the company, AI jobs as a percentage of Indeed's general jobs almost doubled in the last two years. Indeed searches for artificial intelligence jobs, meanwhile, increased by only 15 percent. (For a graph, please see tmsnrt.rs/2CEi4eG
The universities are trying to keep up. According to Professor Pieter Abbeel, applicants for UC Berkeley's doctoral program in electrical engineering and computer science totaled 300 a decade ago, but last year they increased to 2,700, with more than half of applicants interested in AI . In response, the school tripled its entrance to class at 30 in the fall of 2017.
At the University of Illinois, Professor Mark Hasegawa-Johnson, last year, tripled the enrollment limit on the school's AI intro course to 300. The additional 200 seats were filled in 24 hours, he said.
Carnegie Mellon University began offering the nation's first artificial intelligence degree this fall. "We firmly believe that the demand is there," said Reid Simmons, who heads the new CMU program. "And we're trying to provide the students to meet that demand."
However, a solution to the mismatch between supply and demand is probably five years, says Anthony Chamberlain, chief economist at Glassdoor. The company has algorithms that track job offers on company websites, and their data shows that job offers related to AI have doubled in the last 11 months. "The supply of people moving to this field is well below demand," he said.
A MARKET OF WORKERS
The demand has raised wages. Glassdoor estimates that average salaries for AI-related jobs advertised at the company's career sites increased 11 percent between October 2017 and September 2018 to $ 123,069 per year.
Michael Solomon, whose 10X manager based in New York rents technologists to companies for specific projects, says his top IA engineers now charge up to $ 1000 per hour, more than triple the pay just five years ago, which makes them in one of the two Best paid categories, together with blockchain experts.
Liz Holm, professor of materials science and engineering at Carnegie Melon, saw the growing demand first hand in May, when one of her graduate PhD students, who used machine learning methods for her research, was overwhelmed with offers of work, none In science of materials and all of them related to artificial intelligence. Finally, the student took a job with Proctor & Gamble, where she uses AI to find out where to place the items on shelves in stores around the world. "Companies are really looking forward to these people at this time," Holm said.
Mark Maybury, an artificial intelligence expert who was hired last year as Stanley Black and Decker's first technology director, agreed. The firm is incorporating AI in the design and production of tools, he said, although he said the details are not yet public.
"Have we been able to find the talent we need? Yes, "he said. "Is it expensive? Yes."
The crisis is great news for students seeking work with artificial intelligence skills. In addition to increasing their salary and giving them more options, they often receive job offers long before they graduate.
Derek Brown, who studied artificial intelligence and cognitive science as a college student at Carnegie Mellon, received a full-time postgraduate job offer from Salesforce at the beginning of his senior year in the last year. He rejected it in favor of Facebook, where it began last July.
Additional reporting by Jane Lee; Edited by Greg Mitchell and Sue Horton
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