Paysa, a company that aims to enable both companies and employees to make data driven salary and talent decisions, has announced results from a new study, indicating that U.S. companies across all industries are investing $1.35 billion in artificial intelligence (AI) talent. The study looked at AI talent hiring trends from April 2017 through September 2017.
The results of this latest study underscore major investment and hiring trends in AI technology – demonstrating that momentum is continuing to build as businesses across every sector incorporate AI technology into products, solutions and services.
According to a 2016 IDC research report, by 2019, 40 percent of all digital transformation initiatives and 100 percent of all effective IoT efforts will be supported by cognitive/AI capabilities. By 2018, 75 percent of developer teams will include cognitive/AI functionality in one or more applications.
According to the Paysa study, the automotive sector is the eighth highest where AI investing is taking the lead at more than $34 million. The top three companies investing in hiring AI talent are Uber at $6.6 million, Ford Motor Co. at $4.1 million and Here at $3.9 million.
“AI investment is exploding now, more than ever, at a rapid pace across every industry,” said Chris Bolte, co-founder and CEO of Paysa. “Between the need to leverage massive amounts of data and deliver the highly personalized experiences that today’s connected consumer requires, new career and salary opportunities for AI talent are popping up every day and seem to be never ending. This is great news for today’s workers on many levels and squelches the fear that AI will eliminate the need for humans in the workplace.”
More on the numbers in the AI market can be found here.
