Artificial intelligence has frequently been blamed for causing job losses, but for those who possess the necessary skills in this field, there are highly lucrative opportunities available. Streaming giant Netflix, for example, is advertising a position for a machine-learning platform product manager that pays between $300,000 and $900,000 per year. The role involves establishing the strategic direction for the Machine Learning Platform (MLP) and measuring its success. Candidates can choose to work at the Los Gatos office in California or remotely within the West Coast timezone. Notably, a college degree is not required for this position.
The eye-catching salary figures have captured the attention of Hollywood industry workers who are currently on strike, demanding higher-paying contracts with better safeguards against the disruptive effects of streaming and emerging technology. Amazon is also offering a highly lucrative position as a senior manager in applied science and generative AI, with a potential salary of up to $340,300 per year.
Netflix is known for offering generous compensation packages to attract top talent in AI. The company’s highest-paying role in the field can earn individuals up to $900,000 annually, further highlighting the demand for AI expertise. Amazon has been at the forefront of AI integration within its operations, utilizing AI-based tracking technology since 2020 to ensure social distancing among its workers during the pandemic. In addition, it recently acquired Snackable.AI, a small AI firm focused on audio applications.
As AI technology continues to advance and replace jobs in various sectors, experts in the field are in high demand. Consequently, job listings at companies such as Netflix and Amazon feature highly competitive salaries that place employees in the top 1% of earners in the United States. Retail giant Walmart, for instance, offers a director of retail media AI a salary of up to $288,000 per year. Google is also seeking a lawyer specializing in AI, offering up to $351,000 annually to provide legal advice on the risks associated with the technology.
Financial institutions like Goldman Sachs, JPMorgan Chase, and Ernst & Young are all actively recruiting AI professionals for various positions, with salaries ranging from $190,000 to $250,000 per year. Even dating app Hinge, under its parent company Match Group, is vying for AI talent by offering a vice president of AI role with a potential salary of up to $398,000 per year. Freelancing platform Upwork is also seeking a remote vice president of AI and machine learning, with a base pay of up to $437,000 per year.
However, not all companies are willing to offer such generous salaries. Deloitte, for example, is advertising a senior AI consultant role with a maximum hourly rate of $28, equivalent to an annual salary of around $58,000. Similarly, an AI engineer at Proctor & Gamble can expect to earn between $110,000 and $132,000 per year, while Nike’s senior machine learning engineer position pays approximately $148,000 annually.
It is worth noting that some AI roles require experience with GitHub Copilot, a cloud-based AI tool that generates code. Nevertheless, not all companies are choosing to hire expensive AI experts; some are opting to train existing employees on how to execute AI-related projects. Ultimately, attracting and retaining AI talent is a challenge for companies, as individuals seek financial prosperity alongside the opportunity to work on inspiring projects.
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