THE artificial intelligence (AI) boom has led to significant increases in both job opportunities and compensation, as demand for tech talent remains high in China. According to a new industry report, wages for AI-skilled workers have been trending upward, with those experienced in machine learning, engineering and deep learning securing impressive salaries.

Fueled by a surge in demand as Chinese companies rush to update and develop more AI applications, monthly salaries in this field increased by an average of 5.3 percent to 13,594 yuan ($1,869) during the second quarter compared with the previous year, according to a report Chinese job-hunting platform Zhilian Zhaopin sent to the Global Times on Monday.

The rapid growth of the AI industry and its critical role in driving digital transformation have turned it into a highly competitive field for jobseekers and companies vying for high-end talent, the report said.

This trend is confirmed by industry analysts and business insiders, who believe the increasing demand for AI talent has translated into higher pay for AI-related industries.

The demand for AI experts is driving up salaries and offering lucrative financial incentives, with some professionals receiving offers exceeding 1 million yuan in total compensation, including significant equity, the Global Times has learned from a source familiar with the matter on Monday.

According to this source, as the market's demand for AI talent is constantly growing, tech companies are willing to pay higher salaries in order to attract and retain these highly rated professionals.

Chinese companies such as TikTok, Huawei and Tencent are now competing for top talent in the AI sector, offering competitive salaries to secure their positions in the global race for technological supremacy, thepaper.cn reported. These companies have either implemented innovative talent cultivating strategies to nurture local talent or have invested in training the next generation of AI workers.

Read The Rest at :