The pace of AI education is accelerating as more educational institutions jump on the bandwagon and offer employable skills. As tech giants seek AI revenue generation and consider more AI-related products, job market demands are likely to require AI knowledge and related skills.
AI education accelerates
CNBC reports that the hype surrounding artificial intelligence has led more universities to offer degrees focused on artificial intelligence. Because companies lack this talent, AI-focused associate, bachelor's, master's, and doctoral programs are becoming increasingly popular. Additionally, Indeed.com reports that 50% of the highest paid tech talent specializes in AI.
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Market skills that will require AI in the future
Fred Havemeyer, head of software and AI research at Macquarie, predicts that the use of generative AI software will start to gain traction around 2024. This prediction is consistent with the expectation that approximately two-thirds of jobs will use artificial intelligence in the future.
Apple's recent announcement that it will now focus on AI products is a similar example. This decision was driven by the desire of IT companies to earn significant profits from artificial intelligence services. Additionally, Google's AI-powered Gemini for Workspace has already been updated and available. Additionally, in the same market, Microsoft is making significant additions to enhance its range of artificial intelligence technologies. In the future, people will need relevant skills from various fields to find jobs, as most companies are dealing with his AI products.
Growth in AI: What can we expect?
Artificial intelligence will likely be a major growth factor as it becomes part of more and more jobs. A great example of how important artificial intelligence is to many of the industry's biggest players is Nvidia's current performance. For the quarter, Nvidia reported adjusted earnings per share (EPS) of $5.16 on revenue of $22.1 billion. Furthermore, analysts were expecting sales of $20.4 billion and earnings per share of $4.60.
Artificial intelligence will be a major source of revenue for IT organizations in the future. Furthermore, the global AI market is projected to grow at a CAGR of 37.3% from 2023 to 2030. According to Forbes, China will benefit the most from artificial intelligence. The country's GDP will grow by 26% by 2030. At the same time, North American GDP would increase by 14.5%. Together, these benefits account for nearly 70% of the $10.7 trillion global economic impact.
