AI education has been picking pace as more educational institutions jump on the bandwagon to provide employable skills. With tech giants exploring AI revenue generation and exploring more artificial intelligence-related products, the demand in the job market will likely necessitate AI knowledge and relevant skills.

AI Education Picks Pace

According to a report by CNBC, a growing number of universities are now offering degrees focused on artificial intelligence due to the hype around the subject. Companies are lacking in this talent, which is why AI-specific associate’s, bachelor’s, master’s, and PhD programs are becoming more popular. Additionally, Indeed.com reports that 50% of the highest-paid technology talents are AI-specific.

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Market Skills to Demand AI in the Future

Around 2024, generative AI software use will begin to gain traction, predicts Fred Havemeyer, head of software and AI research at Macquarie. The forecast coincides with the expectation that artificial intelligence will be used in about two-thirds of jobs in the future.

Apple’s recent announcement that it will concentrate on AI products moving ahead is also a good illustration of the same. The decision was driven by IT corporations’ desire to profit handsomely from artificial intelligence services. Additionally,  Google’s AI-powered Gemini for Workspace has already been updated and made available. Moreover, in the same market, Microsoft is making big additions to bolster its range of artificial intelligence technologies. With most companies dealing with AI products, relevant skills in various fields will be required in the future for people to seek jobs.

AI Growth: What to Expect?

Artificial intelligence will probably become a major growth element as it becomes a part of more and more jobs. An excellent example of how important artificial intelligence is to many of the biggest names in the industry is the way Nvidia is now performing. For the quarter, Nvidia reported adjusted profits per share (EPS) of $5.16 on revenue of $22.1 billion. Additionally, a revenue of $20.4 billion and earnings per share of $4.60 were the predictions made by analysts.

For IT organizations, artificial intelligence will be a major source of future revenue. In addition, it is projected that the global AI market will grow at a CAGR of 37.3% from 2023 to 2030. According to Forbes, China stands to benefit the most from artificial intelligence. The GDP of the country will have grown by 26% by 2030. The GDP of North America will have climbed by 14.5% at the same time. Together, these advantages will account for nearly 70% of the $10.7 trillion global economic impact.

 

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Filed under: News - @ January 1, 1970 12:00 am