New Paysa Study Reveals U.S. Companies Across All Industries Investing $1.35 Billion in AI Talent

PALO ALTO, Calif., Nov. 29, 2017 -- Paysa, whose goal is to enable both companies and employees to make data driven talent decisions, today announced results from a new study, indicating that U.S. companies across all industries are investing $1.35 billion in AI talent. The study looked at AI talent hiring trends from April 2017 through September 2017.

The results of this latest study underscore major investment and hiring trends in AI technology -- demonstrating that momentum is continuing to build as businesses across every sector incorporate AI technology into products, solutions and services.

According to a 2016 IDC research report, by 2019, 40% of all digital transformation initiatives – and 100% of all effective IoT efforts – will be supported by cognitive/AI capabilities. By 2018, 75% of developer teams will include cognitive/AI functionality in one or more applications.

According to the Paysa study, here are the top 10 industries where AI investing is taking the lead, followed by the top three companies in each sector that are investing in hiring AI talent.

Big Tech: $619,544,633

1. Amazon: $305,832,434
2. Microsoft: $124,062,524
3. Apple: $105,371,161

Financial Services: $82,070,361

1. JPMorgan Chase: $15,405,130
2. Capital One: $14,606,635
3. Wells Fargo: $9,964,770

IT infrastructure: $65,276,912

1. Oracle: $17,199,495
2. IBM: $12,194,996
3. Cisco Systems: $11,262,807

Hardware: $51,012,199

1. NVIDIA: $22,295,391
2. Intel Corporation: $15,058,261
3. Lenovo: $4,362,240

Consulting: $49,618,307

1. Booz Allen Hamilton: $21,863,372
2. Applied Minds: $5,293,371
3. Deloitte: $4,655,689

Data Science and Business Analytics: $43,360,872

1. IntelliPro Group Inc.: $4,892,582
2. Rang Technologies: $4,704,423
3. All-In Analytics: $4,179,233

ERP and Enterprise Software: $36,878,628

1. Adobe: $10,975,045
2. Salesforce: $7,200,158
3. Siemens USA: $2,643,959

Automotive: $34,020,238

1. Uber: $6,609,670
2. Ford Motor Company: $4,113,455
3. Here: $3,926,613

Financial Technology (FinTech): $32,547,517

1. Intuit: $28,344,107
2. Square: $2,549,554
3. Stripe: $1,653,856 

The companies that are investing the most in AI talent across all industries are:

The top 20 Highest Paying Companies, by Average Salary for an AI Engineer are as follows:

Finally, the top metropolitan areas for AI jobs and the average salary that employees can expect to receive if they have a job in AI at each location are:

1. San Francisco, $182,418
2. Seattle, $191,213
3. New York, $122,075
4. Boston, $151,806
5. Chicago, $102,768
6. San Diego, $122,623
7. Austin, TX, $124,023
8. Atlanta, GA, $111,323
9. Washington, DC, $106,288
10. Charlotte, NC, $111,879

“AI investment is exploding now, more than ever, at a rapid pace across every industry,” said Chris Bolte, co-founder and CEO of Paysa. “Between the need to leverage massive amounts of data and deliver the highly personalized experiences that today’s connected consumer requires, new career and salary opportunities for AI talent are popping up every day and seem to be never ending. This is great news for today’s workers on many levels and squelches the fear that AI will eliminate the need for humans in the workplace.”

About Paysa

Paysa offers personalized career and hiring recommendations plus real-world salary insights for maximizing opportunity, earning potential and value at all stages of an individual’s career. Using proprietary artificial intelligence technology and machine learning algorithms, Paysa analyzes millions of data points including jobs, resumes and compensation information, providing professionals with actionable tools, insights, and research. They can then see and understand their individual worth in the market today, and how to increase their value. Paysa also empowers enterprises with the knowledge they need to be competitive in today’s fierce tech hiring market. Employers can learn which skills, real-world company experience, and educational background offer the greatest predictor of a candidate’s or employee’s future success at their organization.

Media Contact
Andrea Corry for Paysa
TopMind PR
[email protected]
(925) 640-5482