US Firms Scramble to Hire Generative AI Talent, Job Listings Soar

US Firms Scramble to Hire Generative AI Talent, Job Listings Soar

The demand for generative AI talent is soaring, with thousands of openings on offer across the U.S., according to new research from job search engine Adzuna. The research found that the number of job listings citing generative AI surged 700% between January and May 2023.

Adzuna analyzed millions of jobs available on its platform and found a growing trend in the monthly number of job postings that feature keywords like “generative AI” and “ChatGPT.” In May alone, it advertised 7.8 million job vacancies across the U.S., Business Insider reported.

Among these were 1,496 job listings that cited generative AI as at the end of May, up 709% from 185 citings in January, and just three in May 2022, the report said. A quick search for generative AI job vacancies on Adzuna showed 1,993 openings in the U.S., as of writing.

Also read: AI Took 4,000 Jobs in May, Is Yours at Risk?

AI powers US markets

Generative AI is a type of artificial intelligence that can create new content such as text and images in response to prompts. It is a rapidly growing field, epitomized by OpenAI’s ChatGPT, an AI chatbot that uses natural language processing to create human-like conversations.

Businesses have been quick to leverage ChatGPT since its launch in November. Many incorporated the myriad of ChatGPT-inspired AI poducts into their own operations to boost efficency, customer service, and cut costs.

ChatGPT is a popular tool for entities because it can be used to automate customer service tasks, create content, and analyze data.

In the U.S., about 50 publicly traded companies mentioned the OpenAI chatbot in quarterly earnings calls in May 2023, highlighting the importance of this new tech trend. According to James Neave, head of data science at Adzuna, more firms want workers​​ with generative skills.

“In the US, not only are markets powered by AI but with AI in focus for both investors and job seekers, we’re seeing an increase in jobs citing Generative AI,” he told Business Insider.

Adzuna revealed generative AI opportunities are predominantly cited in sectors that include IT, engineering, scientific and quality assurance, accounting and finance, and sales. The platform also reported an increase in jobs that require working with ChatGPT, Neave added.

High paying jobs

According to Adzuna, the advertised pay for jobs citing generative AI is $146,244 per year on the average, while the average for ChatGPT-related jobs is $133,000. These are obviously very high paying jobs compared to the average worker in the U.S., or anywhere else.

“Based on Adzuna research, we expect businesses will continue posting more job ads citing Generative AI, ChatGPT, and chatbots as this year goes on,” Neave said.

The emergence of generative AI has led to the creation of new job roles, including “prompt engineers” who write text to test AI-powered chatbots, Insider reported. Their job is to help developers find errors and hidden features in their code.

However, AI could end up displacing some workers. Goldman Sachs warned in a previous report that generative AI may lead to 300 million job losses worldwide. As MetaNews reported this week, that is already happening. Artificial intelligence cost 4,000 humans their jobs in the U.S.last month.

Image credits: Shutterstock, CC images, Midjourney, Unsplash.