The global fight for AI talent is intensifying. Companies and countries are vying to attract the best minds in the field, with the US and China leading the race. However, other countries are also making significant strides. The demand for AI specialists is driven by the technology’s potential to revolutionize industries from healthcare to finance. However, the supply of talent is limited, leading to fierce competition and escalating salaries. Some companies are investing in training programs to develop AI skills among their existing workforce. Others are looking to hire talent from abroad, prompting governments to review their immigration policies to attract foreign AI experts. Despite these efforts, the demand for AI talent continues to outstrip supply, making it a seller’s market for those with the right skills.
Read more at: www.bloomberg.com