Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 08, 2021
Why AI Specialists are Getting Paid Huge Money

Why AI Specialists are Getting Paid Huge Money

Some of the tech world’s biggest companies, like Google, Amazon, Facebook, Microsoft, and others are placing huge bets on the future of AI. AI specialists, engineers with extensive AI background, and even a PhDs in mathematics or computer science are being targeted for jobs at some of the biggest tech companies in the world. Indeed, well-known names in the AI field have received compensation in salary and shares in a company’s stock that total single- or double-digit millions over a four- or five-year period. These are lavish salaries even by Silicon Valley standards, and its plain to see just how valuable the industry considers AI – and how quickly the rush is to be first to market.

Salaries are soaring so quickly that an inside joke within the industry is that AI specialists need to be handled like professional athletes, with short-term contracts and salary caps. It’s also true that they often move from company to company and opportunity to opportunity, just like professional ball players do.

At the highest end of the compensation spectrum are executives with experience managing AI projects. In a court filing earlier this year, Google revealed that one of the leaders of its self-driving-car division, Anthony Levandowski, took home over $120 million in incentives before joining Uber last year. Facebook and Amazon are also pouring money into tasks it thinks AI can help solve, like building digital assistants for smartphones and home gadgets and spotting offensive content.

 

 

But these high-profile jobs are not just limited to Silicon Valley and the biggest players in tech. The auto industry is also competing with the tech industry for the same experts who can help build self-driving cars. Uber hired 40 people from Carnegie Mellon’s groundbreaking AI program in 2015 to work on its self-driving-car project.

The primary reason for these exorbitant salaries is the knowledge that AI will only grow in importance in the coming decades, and it is important to fast track research and development now. But there is also a supply issue—there is not a ton of AI specialists out there, and the big companies are trying to sweeten the deal as much as they can so they attract the top talent. Solving tough AI problems is not writing code or building apps—those jobs are a dime a dozen in tech. For AI, in the entire world there are probably fewer than 10,000 people who have the skills necessary to tackle serious artificial intelligence research and application.

Will you or someone you know join this elite club of AI experts?

Related Tickers: AAPL
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 07, 2021
4 Tricks Hedge Funds Use to Get Ahead

4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.
John Jacques's Avatar
John Jacques
published in Blogs
Mar 22, 2018
A.I. Stock Market Predictions: Head & Shoulders

A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I.  Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Jul 10, 2020
3 Stocks to Buy if Coronavirus Second Wave Hits

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.
Edward Flores's Avatar
Edward Flores
published in Blogs
Feb 06, 2021
How to Become the Millionaire Next Door

How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations.  As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.
Alla Petriaieva's Avatar
Alla Petriaieva
published in Blogs
Feb 23, 2021
Is Ethereum’s Bomb about to Explode?

Is Ethereum’s Bomb about to Explode?

Ethereum’s software is set for an update in October.Until it is finished, participants in the Ethereum blockchain must determine how to delay the difficulty bomb – code that necessitates a steadily increasing amount of computer power to mine blocks and unlock rewards – that is already in place.
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Aug 07, 2018
When Is the Next Recession Coming?

When Is the Next Recession Coming?

However, we also know that economists predicted 22 recessions out of 11 that took place since 1945. Are there real recession signs we should watch for?Indeed, the answer is yes, and here are a few very important ones: The first one is almost obvious and known to everyone – it is the Fed.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 22, 2020
Central banks have been buying $2.4 billion in assets every hour for the past two months

Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into  bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record. 
Rick Pendergraft's Avatar
Rick Pendergraft
published in Blogs
Feb 07, 2021
Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest
Sergey Savastiouk's Avatar
Sergey Savastiouk
published in Blogs
Mar 10, 2021
How to Start Trading Penny Stocks

How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.
Abhoy Sarkar's Avatar
Abhoy Sarkar
published in Blogs
May 08, 2020
US unemployment rate jumps to 14.7%, the highest in series history

US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate.  Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.