The article discusses the growing demand for artificial intelligence (AI) talent and its impact on the tech industry. As companies race to develop AI capabilities, they are facing a shortage of skilled workers, leading to a fierce competition for AI talent. This talent war is driving up salaries for AI experts, with some companies offering million-dollar compensation packages. According to a report by Forrester Research, the average salary for an AI professional in the United States is expected to reach $344,000 by 2024, a significant increase from the current average of around $150,000. The article highlights that the shortage of AI talent is not limited to tech giants like Google and Microsoft, but extends to companies across various industries seeking to leverage AI for competitive advantage. To address this shortage, companies are investing heavily in training and upskilling existing employees, as well as partnering with universities and coding bootcamps to develop AI talent pipelines. However, the article warns that the high salaries and intense competition for AI talent could exacerbate existing inequalities in the tech industry, making it even harder for underrepresented groups to break into the field.
Source: https://www.businessinsider.com/tech-workers-real-winners-ai-talent-war-pay-2024-7