A recent study has shown that the AI job market in the UK has seen a quicker expansion than that of the US over the last five years.
The research, carried out by AIPRM and examining job listings, indicates that from 2017 to 2022, the US experienced an average annual growth in AI job postings of 1.2%, while the UK saw a slightly higher growth rate of 1.22% during the same period.
This notable performance of the UK not only surpasses the US but also exceeds the growth rates of other major economies such as India (1.19%), Canada (1.26%), and Brazil (1.21%).
John Smith, the lead author of the study, remarked, “Despite consistent expansion of the AI job market in America, the pace of growth lagged slightly behind other countries like Britain.”
In addition to analyzing hiring trends, the study identifies the highest paying and most sought-after AI roles in the US. The role of Director of Data Science tops the list with an average salary of £200,263.
The position of AI Architect comes in second, with an average annual income of approximately £197,431. Key skills for this role include expertise in architecture, AWS, business intelligence, and DataOps.
The report also notes that salaries for various positions in data science and machine learning exceed a median average of £150,000.
Furthermore, it points out that California serves as a major hub for AI, representing over a quarter (27%) of the total US job listings in this field, more than double that of the next highest state, New York, at 13%.
“Rapid advances in AI technology have unlocked exciting new capabilities for businesses across many sectors. As companies look to capitalize on areas like computer vision and natural language processing, we can expect demand for skilled AI workers to keep accelerating,” Smith discussed regarding the factors fueling the positive growth forecasts.
However, he also issued a caution about the potential obstacles stemming from the increasing debate over AI regulation, stating, “Policymakers still need to strike the right balance between innovation and ethics. Getting this right will help the AI job market continue thriving.”