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AI jobs premium cools: Premium for AI jobs cools as talent supply increases

Hiring volumes in artificial intelligence and related roles have cooled down in 2024, softening the record pay premiums bagged by AI professionals a year ago when demand for talent far outstripped supply, said staffing companies and industry officials.Average pay hike for a new job in AI — including AI/ML engineer, robotics engineers, natural language processing engineer, ethics engineer and data architect — has reduced to 15-25% from 50-60% a year ago, said executives from Teamlease Digital and Xpheno. Tech bellwethers…

Top IT Skills Trends in the UK for 2024

After a turbulent 2023 marked by job cuts by big tech firms, 2024 could see a more positive outlook for IT professionals in the U.K. Tech workers looking for new roles may find there is particular demand for artificial intelligence and cloud expertise, as well as a need for softer skills around communications and managing teams. Is there a shortage of IT skills in the UK? There has been a long-term IT skills shortage in the U.K. About two million people in the U.K. work in tech, but there’s still demand for…

AI can change the world forever – Frankenstein AI to exams, here are 6 shocking ways

Over the course of history, there have been many revolutions that have brought about changes to society and shaped mankind's future. From an economic shift to industries in the 18th century to the digital revolution of the 2000s, the advancement in the last few centuries has been gathering pace at an ever-increasing pace. Over the last few years, another revolution has been brewing - artificial intelligence (AI). From farming, healthcare, and education to industries, the AI revolution is expected to have a major impact…

ai jobs: Adecco chief says AI will create new jobs

Artificial intelligence raises serious concerns for jobs but it will also create new positions, the head of Adecco, the world's biggest temporary staffing agency, told AFP.From meteorologists to lawyers and screenwriters, generative AI capable of creating content -- such as the chatbot ChatGPT -- could change the contours of many professions. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Professional…

Eyeing AI Jobs? Nobel Prize Winner Cautions on Rush Into STEM After Artificial Intelligence Rise

Eyeing AI jobs? A Nobel Prize-winning labor market economist has cautioned younger generations against piling into studying science, technology, engineering, and mathematics (STEM) subjects, saying  as “empathetic” and creative skills may thrive in a world dominated by artificial intelligence. Christopher Pissarides, professor of economics at the London School of Economics, said that workers in certain IT jobs risk sowing their “own seeds of self-destruction“ by advancing AI that will eventually take the same jobs in the…

5 things about AI you may have missed today: Apple’s AI research, fear of deepfakes spreads in UK, more

Even as we enter the last leg of the year, artificial intelligence (AI) continues to be an important discussion topic for corporations and governments alike. Apple has published new AI research where the researchers have highlighted how large language models (LLMs) can be run on limited storage devices, such as iPhones, instead of the internet, and still maintain their capabilities. This development may give the tech giant an edge over competitors. In other news, the former Justice Secretary Sir Robert Buckland is urging…

5 things about AI you may have missed today: Accenture unveils Gen AI studio, Biden’s AI strategy sparks concern, more

Pakistan's Imran Khan speaks from prison through AI in virtual rally amid election concerns; France leads global shift with AI-powered surveillance ahead of 2024 olympics; Biden's stealthy AI strategy sparks clash with Elon Musk and OpenAI over transparency; Accenture unveils Gen AI studio in Bengaluru - this and more in our daily roundup. Let us take a look.1. Pakistan's Imran Khan speaks from prison through AI in virtual rallyFormer Pakistani Prime Minister Imran Khan, currently imprisoned, addressed supporters via a…

10-30% of Jobs Could be Automated with AI

The impact of generative artificial intelligence is likely to be faster and more widespread than previously thought. That means challenges ahead for workers, managers and policymakers. The U.K.’s Department for Education has published a new report about AI’s impact on the job market. The report’s authors said that there was now a “consensus” that 10-30% of jobs could be automated with AI. The technology also has the potential to increase productivity and create new high-value jobs in the U.K. economy.…