AI Job Demand Overview
The desire for artificial intelligence skills in new hires has exploded over the last five years, and continues to be a priority for hiring managers across nearly every industry, data from Stanford University’s annual AI Index Report found.
Current Job Statistics
In 2023, 1.6% of all United States-based jobs required AI skills, a slight dip from the 2% posted in 2022. This decrease is likely attributed to hiring slowdowns, freezes, or layoffs at major tech companies like Amazon, Deloitte, and Capital One in 2023, the report said.
What Skills Are Required?
Generative AI skills, or the ability to build algorithms that produce text, images, or other data when prompted, were sought after most, with nearly 60% of AI-related jobs requiring those skills. Large language modeling, or building technology that can generate and translate text, was second in demand, with 18% of AI jobs citing the need for those skills.
Industry Breakdown
The industries that require these skills run the gamut — the information industry ranked first with 4.63% of jobs, while professional, scientific, and technical services came in second with 3.33%. The financial and insurance industries followed with 2.94%, and manufacturing came in fourth with 2.48%.
Geographic Distribution
California — home to Silicon Valley — had 15.3%, or 70,630 of the country’s AI-related jobs posted in 2023. It was followed by Texas at 7.9%, or 36,413 jobs. Virginia was third, with 5.3%, or 24,417 of AI jobs.
Future of AI Jobs
Though the number of jobs dipped from 2022 to 2023, the adoption of AI technologies across business operations has not. In 2017, 20% of businesses reported that they had begun using AI for at least one function of their work. In 2022, this number reached 50%, and it climbed to 55% in 2023.
Conclusion
The Stanford report predicts two futures for the trajectory of the technology — one in which the technology continues to develop and increase productivity, but there’s a possibility that it’s used for “good and bad uses.”
“They are stepping in to encourage the upside,” the report said of government bodies. “Such as funding university R&D and incentivizing private investment.”
For more details, visit the full report at Oklahoma Voice.
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