The global battle for talent is raging because of the potential AI breakthroughs that bright minds stand to make in the next few years thanks to recent advances in computation power and the availability of vast data sets.
AI is now at the core of almost all of the big tech companies’ major products (think Apple’s iPhone, Amazon Echo, Microsoft Surface, etc) and even fairly small advances in areas like speech recognition and image search could have a big impact on profits.
In a bid to attract the most capable people, the multibillion dollar tech giants are offering annual salaries in the hundreds of thousands of pounds and some people leading AI-focused teams at these companies are earning over £1 million a year, according to multiple sources that Business Insider has spoken to.
How Microsoft is recruiting AI talent
Microsoft is also trying to bring people into the company by finding talent at conferences and sponsoring students through university on the condition that they take a job when they’ve finished studying.