Synthetic Intelligence (AI) has turn out to be a preferred matter of dialogue, and the success of OpenAI’s ChatGPT has attracted the eye of enormous tech corporations, resulting in a big funding in growing AI instruments. This has resulted in a rising demand for expert AI professionals worldwide, together with in India. The Nationwide Affiliation of Software program and Companies Firms (NASSCOM) has acknowledged that there’s a scarcity of no less than 51% of AI engineers in India. Presently, India has 416,000 AI engineers, however the demand for an extra 213,000 AI engineers nonetheless exists.
India is often referred to as the worldwide tech business’s again workplace, however it’s going through difficulties in assembly the demand for expert expertise. NASSCOM reviews that India is likely one of the world’s prime three expertise markets, together with the US and China, with a 16% share of the worldwide AI expertise pool. India has the world’s second-largest pool of extremely expert expertise in AI, machine studying, and massive information.
Virtually each tech firm, equivalent to Google, Baidu, and Microsoft, is engaged in creating AI engines. Consequently, the demand for AI engineers is at an all-time excessive, starting from Silicon Valley to Bangalore. Though some distinguished tech corporations have let go of a substantial variety of staff prior to now few months, the downsizing has not affected the AI workforce.
Tech corporations are keen to supply important salaries to retain AI engineers, who’re presently in excessive demand and regularly switching jobs for 30-50% pay will increase. The scarcity of expert AI engineers is turning into extra pronounced as demand for AI continues to rise in industries equivalent to healthcare, finance, and leisure. India has seen a surge within the variety of tech innovation centres, referred to as International Functionality Facilities (CGCs) or Captives, with 66 new centres opening final yr, bringing the entire to round 1600. Because of this, corporations from all around the world are establishing CGCs and R&D hubs in India.