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As companies embrace AI, it’s a job-seeker’s market

(In first and 17th paragraphs, this October 15 story corrects name to computer sciences department, not information technology. In 17th paragraph, corrects that applicants are for study of artificial intelligence in electrical engineering and computer sciences PhD program, not for doctoral put in electrical engineering and computer science corrects range of applicants revealed to 341, not 300. Corrects source to your department, not professor Pieter Abbeel. Also corrects number of entering AI students in 2017 to 38, not 30.)

SAN FRANCISCO (Reuters) – A multitude of employers looking to hire generation x of tech employees descended over the University of California, Berkeley in September to satisfy students at the electrical engineering and computer sciences career fair.

Boris Yue, 20, was one among countless student attendees, threading his way among fellow job-seekers to meet recruiters.

But Yue wasn’t concerned about a lot of potential competition.? Although job outlook for everyone with computer skills is usually good, Yue is at a doubly rarified category: they are studying artificial intelligence, perfecting technology that teaches machines to find out and think somehow that mimic human cognition.?

His choice of specialty helps it be unlikely he will wrestle finding work. “You cannot find any lack of machine learning opportunities,” he stated.

He’s right.

Artificial intelligence currently is being used within the ever-expanding choice of products: cars that drive themselves; robots that identify and eradicate weeds; computers capable of distinguish dangerous dangerous skin cancers from benign moles; and smart locks, thermostats, speakers and digital assistants that are bringing the science into homes. At Georgia Tech, students connect with digital teaching assistants thanks to AI for any web based course in machine learning.

The expanding applications for AI in addition have resulted in a lack of qualified workers within the field. Although schools across the nation are adding classes, increasing enrollment and developing new programs to suit student demand,? one can find an inadequate number of potential employees with training or experience of AI.

That has big consequences.

Too few AI-trained job-seekers has slowed hiring and impeded growth at some companies, recruiters and would-be employers told Reuters. It could also be delaying broader adoption of your technology that some economists say could spur U.S. economic growth by boosting productivity, currently growing this huge most of its pre-crisis pace.

Andrew Shinn, a chip design manager at Marvell Technology Group who was simply recruiting interns and new grads at UC Berkeley’s career fair, said his company has gotten trouble hiring for AI jobs.?

“We certainly have had difficulty filling jobs for a number of years,” he said. “It will slow things down.”

“COMING OF AGE”

Many economists believe AI has the potential to modify the economy’s basic trajectory just like that, say, electricity and the steam engine did.?

“I do think artificial intelligence is – coming of age,” said St. Louis Fed Bank President James Bullard in the interview. “This would diffuse over the whole economy and definitely will change our lives.”

But the incidence of the transformation is based on mainly about the option of technical talent.

A lack of trained workers “could slow the incidence of diffusion of the new technology or any productivity gains that include it,” said Chad Syverson, a professor within the University of Chicago Booth School of Business.

U.S. government data is not going to track job openings or hires in artificial intelligence specifically, but online job postings tracked by jobsites including Indeed, Ziprecruiter and Glassdoor show job openings for AI-related positions are surging. AI job postings as the proportion of overall job postings at Indeed nearly doubled in the past 24 months, in line with data furnished by this company. Searches on Indeed for AI jobs, meanwhile increased just 15 %. (For your graphic, please visit https://tmsnrt.rs/2CEi4eG

Universities are attempting to keep up to date. Applicants to learn artificial intelligence in UC Berkeley’s electrical engineering and computer sciences doctoral program numbered 341 a decade ago, but by recently had surged to two,700, using the department.?The entering form of AI students?was 38 in the fall of 2017, up from 10 inside fall of 2008.

At the University of Illinois, professor Mark Hasegawa-Johnson in 2009 tripled the enrollment cap within the school’s intro AI course to 300. Extra 200 seats were completed 1 day, he said.

Carnegie Mellon University this fall began offering the nation’s first undergraduate degree in artificial intelligence. “We presume strongly how the demand there has to be,” said Reid Simmons, who directs CMU’s new program. “And we’re aiming to give you the students to fill that demand.”

Still, a treatment for the supply-demand mismatch may well be several years out, says Andrew Chamberlain, chief economist at Glassdoor. The firm has algorithms that trawl job postings on company websites, along with data show AI-related job postings having doubled in the last 11 months. “The unbooked time of men and women entering into search engine marketing is a lot below demand,” he said.

?

A JOB-SEEKER’S MARKET

The needs have driven up wages. Glassdoor estimates that average salaries for AI-related jobs advertised on company career sites rose 11 percent between October 2017 and September 2018 to $123,069 annually.

Michael Solomon, whose New York-based 10X Management rents out technologists to companies for specific projects, says his top AI engineers now command about $1000 an hour or so, more than triple the pay just five years ago, leading them to be on the list of company’s two highest paid categories, as well as blockchain experts.

Liz Holm, a materials science and engineering professor at Carnegie Melon, saw the increased demand first-hand in May, when among her graduating PhD students, who used machine learning methods of her research, was overwhelmed with job offers, none ones were in materials science and all of them AI-related. Eventually each student took work with Proctor & Gamble, where she uses AI to determine where you can put items on store shelves across the globe. “Organizations are really hungry because of these folks at the moment,” Holm said.

Mark Maybury, a man-made intelligence expert who had previously been hired during the past year as Stanley Black and Decker’s first chief technology officer, agreed. The firm is embedding AI into the design and production of tools, he was quoted saying, though he explained facts are not yet public.

“Are we had the oppertunity to discover the talent we want? Yes,” he stated. “Can it be expensive? Yes.”

The crunch is great news for job-seeking students with AI skills. Along with bumping their pay and it’ll more choice, they typically get job offers prior to they graduate.

Derek Brown, who studied artificial intelligence and cognitive science for an undergraduate at Carnegie Mellon, got a full-time post-graduation job offer from Salesforce at the start of his senior year last fall. He turned it down favoring Facebook, where he soon started the 2009 July.

(Additional reporting by Jane Lee; Editing by Greg Mitchell and Sue Horton)

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