Demand for artificial intelligence (AI) market continues to grow

David Wei (Beijing), an artificial intelligence startup in Beijing, once offered him the opportunity to double his salary and hold company options. But that was eight months ago, and now the 27-year-old programmer, who has an annual salary of 400,000 yuan, expressed regret that he didn’t need more money at the time, and he is actively looking for a higher-paying family. As a postgraduate in applied mathematics at Harbin Institute of Technology, Wei is one of the 300,000 talented people in the world with advanced skills in computer science. This area is the basis for supporting research and development from driverless cars to home robots. According to relevant reports, there are millions of such artificial intelligence (AI) talents in the world.

The rise of the AI, known as the Fourth Industrial Revolution, has raised concerns. McKinsey expects that 800 million people worldwide will face the risk of unemployment by 2030. But it is not without irony that, despite the ubiquity of AI, this technology requires a lot of human intelligence. This is exactly why people like Wei are in short supply. Data shows that as of March this year, more than 1.9 million professionals worldwide have worked in the AI ​​industry. Among them, there are as many as 850,000 people in the United States, while China ranks seventh only slightly higher than 50,000, ranking behind India, the United Kingdom, and Canada, roughly the same as Australia and France.

Experts revealed last year that China’s AI talent gap will exceed 5 million in the next few years. The global AI talent report released by LinkedIn in July shows that due to the serious shortage of domestic talent in this field, China has been introduced from overseas. 9/10 of the AI ​​positions recruited in the Mainland did not recruit suitable candidates. The report said that the AI ​​position posted on the LinkedIn platform in the past three years has increased by nearly 8 times from 50,000 in 2014 to 440,000 in 2016. About 44% of the overseas talents working in the AI ​​field in China are from the United States, and Britain and France are ranked second and third.

According to a survey conducted by global risk consulting firm Weili Lai Yuet, the demand for AI talent will continue to grow. Many Chinese technology companies predict that their AI team will expand by an average of 20% next year. “Now many Chinese technology companies regularly visit top universities and headhunting companies. Keep an eye on the market and understand the market. Its overseas recruitment plan does not even have a number of people or a budget limit."

James Lewis, a senior researcher at the Center for Strategic and International Studies at the US think tank, said that a talent shortage may become the biggest obstacle to China’s dream of realizing AI. China's "AI road map is very good, but it will probably require more time to build a talent team." He said this is a slow process. Even so, China’s economic strength and willingness to invest are making it an advantage over the United States and Europe. In his view, this will depend on the competition between the US and Chinese enterprises for the few talents. The phenomenon of “brain drain” in China has recently been reversed. Today, Chinese companies have provided excellent AI scientists with very generous treatment in China. For AI programmer Wei, the shortage of talent is good news. “When I switch to the next startup, I'll pay at least 30%.”

Source: Global Times Author: SarahDai

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