The artificial intelligence industry is expected to reach $59.8 billion by 2025. With use cases in almost every industry vertical, artificial intelligence is predicted to be the future of technology by thought leaders including Bill Gates. From sales forecasting to improving productivity, the application of artificial intelligence (AI) is immense for companies worldwide.
As companies race to scale up their AI capabilities, the demand for experts in the field is expected to rise. Geography-wise, the United States accounts for 66 % percent of the total global investment in AI. As companies bet big time on AI, recruiters are paying impressive salaries to hire AI talent. Glassdoor Research estimates the average annual base pay for AI-based jobs at $111,118 per year.
Here are the top companies that are hiring AI talent as per the Glassdoor research:
The online retail giant applies AI and ML technologies to improve both their products and services. Amazon Echo is one of their most popular AI-based products that use Alexa, an intelligent personal assistant. After acquiring Kiva, a robotics company in 2012, Amazon implemented an ML algorithm to automate their picking and packaging process. This brought down their ‘Click to ship’ cycle to just 15 minutes, thereby reducing operating costs by 20% while improving inventory capacity by 50%. The company also uses ML technology to identify workflows and enhance their customer interactions. Amazon also has a cloud computing division, Amazon Web Services, which offers AI services. With many AI and ML projects in their bucket, Amazon is one of the top AI companies to work for.
The IT company which featured among Fortune’s top 100 companies to work for in 2017 has big plans for AI. Nvidia’s products include computer chips and platforms with ARM/ GPU that can be used in a variety of devices from drones to automobiles. Their latest graphics processing unit (GPU), Titan V is one of the most powerful GPU of all time and can be used for research in AI and ML. The Glassdoor research ranks Nvidia at number 2 on their list of top companies hiring for AI talent.
As one of the leading software companies, Microsoft has been building its AI capabilities on different fronts to drive their business. With a variety of AI-based products and services like Cortona, CNTK, cognitive services, and industry-specific AI apps, Microsoft offers developers many interesting and challenging projects in AI.
Watson is IBM’s most well-known AI projects. IBM’s Watson division is focused on developing cloud-based artificial intelligence technologies for their own products and other organizations. The technology has been used in several spheres including cancer research and retail. IBM is investing heavily in developing their AI capabilities for a wide range of use cases from self-driving cars to hospitality.
Accenture is investing heavily in combining different technologies with AI and IoT. With the objective of developing AI-based solutions for its clients, Accenture has set up a global network of innovation hubs for developing AI technologies in San Jose, California, and Arlington, Virginia, in the United States; Sophia Antipolis, France; Beijing, China; Bangalore, India; and Dublin, Ireland.
With over 3 billion users, worldwide, Facebook is the leading social networking site in the world. The company recognized as one of the best places to work in 2018 by Glassdoor is also home to cutting-edge innovations in AI. Their internal group called Facebook AI Research (FAIR) is committed to solving challenges in AI. Apart from acquiring AI companies like Masquerade and Zurich Eye, the company has also invested strategically in their own artificial intelligence labs. The company’s AI research team led by deep learning pioneer, Yann LeCun has many major initiatives planned for 2018 to improve the efficiency of the social media platform.
Intel is investing big time in AI and ML technologies. Apart from developing new ML frameworks and AI chips, the company has invested in many AI startups and acquired AI-focused companies. Saffron Technology is one such company that was acquired by Intel. With a focus on building greater AI capabilities, Intel is among the top 10 companies hiring AI talent in the market.
The smartphone manufacturer is developing AI technologies to improve camera features, security and user experience of mobile phones. Their AI-powered assistant, Bixby, is designed to deliver a better user experience for mobile phone users. The company is also investing in AI-based startups and have set up AI research centers worldwide.
To leverage on AI and ML technologies for manufacturing, the company will invest $1.2 billion in the next two to four years. Their range of AI concept devices includes SmartCast+, an intelligent, interactive speaker that delivers AR experience. Apart from working with renowned tech universities, Lenovo has also set up specialized research labs in the US, Germany, and China.
Adobe has several new programs and projects focused on building better tools powered by AI. With their Sensei platform based on AI and ML, Adobe plans to offer better user experience to its clients. The company plans to incorporate more AI-based technology in its services and products.
By leading the AI revolution, these top AI companies are among the best places to work for AI experts. In their report titled, How AI Boosts Industry Profits and Innovation, Accenture Research, and Frontier Economics predict that artificial intelligence has the potential to enable 38% profit gains and result in an economic boost of $14 trillions by 2035. With the potential to increase corporate profitability, the AI buzz is here to stay and will pave the way for technological advancements in the future.