11.29.17
Paysa, whose goal is to enable both companies and employees to make data driven talent decisions, today announced results from a new study, indicating that U.S. companies across all industries are investing $1.35 billion in 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% of all digital transformation initiatives – and 100% of all effective IoT efforts – will be supported by cognitive/AI capabilities. By 2018, 75% of developer teams will include cognitive/AI functionality in one or more applications.
According to the Paysa study, here are the top 10 industries where AI investing is taking the lead, followed by the top three companies in each sector that are investing in hiring AI talent.
Big Tech: $619,544,633
Amazon: $305,832,434
Microsoft: $124,062,524
Apple: $105,371,161
Financial Services: $82,070,361
JPMorgan Chase: $15,405,130
Capital One: $14,606,635
Wells Fargo: $9,964,770
IT infrastructure: $65,276,912
Oracle: $17,199,495
IBM: $12,194,996
Cisco Systems: $11,262,807
Hardware: $51,012,199
NVIDIA: $22,295,391
Intel Corporation: $15,058,261
Lenovo: $4,362,240
Consulting: $49,618,307
Booz Allen Hamilton: $21,863,372
Applied Minds: $5,293,371
Deloitte: $4,655,689
Data Science and Business Analytics: $43,360,872
IntelliPro Group Inc.: $4,892,582
Rang Technologies: $4,704,423
All-In Analytics: $4,179,233
ERP and Enterprise Software: $36,878,628
Adobe: $10,975,045
Salesforce: $7,200,158
Siemens USA: $2,643,959
Automotive: $34,020,238
Uber: $6,609,670
Ford Motor Company: $4,113,455
Here: $3,926,613
Financial Technology (FinTech): $32,547,517
Intuit: $28,344,107
Square: $2,549,554
Stripe: $1,653,856
The companies that are investing the most in AI talent across all industries are:
Company Total Investment
Amazon $ 305,832,434
Microsoft $ 124,062,524
Apple $ 105,371,161
Alphabet (Google) $ 33,567,049
Intuit $ 28,344,107
Facebook $ 22,948,321
NVIDIA $ 22,295,391
Booz Allen Hamilton $ 21,863,372
Oracle $ 17,199,495
GE $ 16,550,125
The top 20 Highest Paying Companies, by Average Salary for an AI Engineer are as follows:
1.Uber $ 314,746
2.WalmartLabs $ 265,698
3. Netflix $ 264,799
4. Facebook $ 257,846
5. Salesforce $ 248,281
6. Google $ 236,388
7. Coupang $ 234,348
8. Twitter $ 230,639
9. Splunk $ 227,202
10. Apple $ 227,094
11. Intuit $ 221,438
12. Palo Alto Networks $ 219,679
13. PayPal $ 218,262
14.OpenTable $ 215,399
15. VMware $ 211,862
16. Amazon $ 209,762
17. Unity Technologies $ 208,729
18. Adobe $ 207,076
19. eBay $ 203,626
20. Veritas Technologies $ 202,776
Finally, the top metropolitan areas for AI jobs and the average salary that employees can expect to receive if they have a job in AI at each location are:
San Francisco, $182,418
Seattle, $191,213
New York, $122,075
Boston, $151,806
Chicago, $102,768
San Diego, $122,623
Austin, TX, $124,023
Atlanta, GA, $111,323
Washington, DC, $106,288
Charlotte, NC, $111,879
“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.”
