AI NEWS & TRENDS
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Need for Skilled AI Talent is Driving Up Salaries |
The average listed salary for an AI engineer grew 12% since last quarter, according to data analysis by tech salaries tracker Comprehensive.io. Now, the average salary is around $188,000 for AI engineers, 21% higher than non-AI software engineers. The number of AI-related job postings rose 22% in the past three months compared to the previous quarter as enterprise generative AI plans require tech leaders to recruit skilled talent, according to an analysis of 5,000 U.S. tech companies. (https://www.ciodive.com/news/ai-job-posting-salary/698324/)
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Most Execs Don't See AI Shrinking Financial Teams |
55% of senior financial leaders surveyed do not think AI will shrink financial reporting teams, according to a recent survey from the Big Four accounting firm KPMG. 65% of financial executives say they are using AI in that space in some capacity, citing benefits related to increased efficiency and a reduced burden on employees (51%); greater data accuracy, reliability and predictability (50%); and increased visibility into end-to-end processes and controls (50%). (https://www.cfodive.com/news/slim-majority-execs-ai-shrinking-financial-teams-FOBO-KPMG/698773/)
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OpenAI's ChatGPT Now Has 100 Million Weekly Active Users |
ChatGPT now has 100 million weekly active users, OpenAI CEO Sam Altman recently announced. The service was released nearly a year ago, garnered an estimated 100 million monthly users within just two months of launching, and set a record for fastest-growing user base. Altman also shared that over two million developers use the platform, including more than 92% of Fortune 500 companies. (https://techcrunch.com/2023/11/06/openais-chatgpt-now-has-100-million-weekly-active-users/)
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Biden's AI Order Calls for Guardrails to Protect Workers |
The Labor Department has been tasked with leading the development of artificial intelligence guidelines for employers under a sweeping executive order signed by President Joe Biden in late October. The order directs the department, in consultation with other federal agencies, to craft a set of standards to guide companies in mitigating the risks of AI adoption in the workplace, including displacement of jobs and increased collection of employee data. The standards must be published within six months. (https://www.cfodive.com/news/biden-eo-seeks-ai-guardrails-employers/698270/)
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TECH WORKFORCE NEWS & TRENDS
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Tech Labor Market Rebounded in October |
The technology job market bounced back in October with U.S. employers across industries adding 483,000 IT jobs, according to a CompTIA review of U.S. Bureau of Labor Statistics data published recently. The tech sector also expanded hiring activity in October, adding 2,159 workers. Tech services and custom software development positions drove growth for the industry. (https://www.ciodive.com/news/tech-labor-market-october-comptia/698791/)
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Cybersecurity Workforce Grows, But Still Needs More |
The global cybersecurity workforce grew 8.7% to reach 5.5 million people in 2023, the highest number on record, according to the 2023 ISC2 Global Workforce Study. However, the industry still confronts a record gap of 4 million industry professionals - a total of 9.5 million qualified workers are necessary to adequately safeguard the world's digital assets, according to the report. (https://www.ciodive.com/news/cybersecurity-workforce-shortfall-4-million/698684/)
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NEW TECH PRODUCT TRENDS
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Startup Founded by Former Apple Employees & Backed by OpenAI's CEO & Microsoft, Launches AI Pin Wearable Intended to Replace Your Phone |
Humane, a secretive startup built by a team of ex-Apple employees, has launched the "AI Pin" - a wearable projector, with the ability to capture photos with an ultrawide RGB camera, send text messages and emails, and answer your most curious questions thanks to its ChatGPT-like capabilities. The AI Pin is meant to be a casual, everyday accessory. It requires a magnetic battery pack to keep it latched onto your shirt, and weighs about 55 grams - the weight of a tennis ball. When prompted with a physical tap on the device, the AI Pin can project a Laser Ink Display onto the palm of your hand. You can navigate the operating system, dubbed Cosmos, by tilting or rolling your hand forward or backward. A pinch gesture with your index and thumb fingers selects what's on the projected display. And making a closed fist brings you back to the home screen. When given a prompt, the device pulls the most relevant AI tool to service your needs. Humane's AI Pin will start at $699. (https://www.zdnet.com/article/humane-launches-699-ai-powered-projector-to-replace-your-phone-thats-not-the-craziest-part/)
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Toyota Claims EV Breakthrough Will Allow Cars to Travel 745 Miles on a Single 10-Minute Charge |
Toyota has said it's close to being able to mass manufacture potentially revolutionary solid-state batteries that could offer double the range of existing electric cars, bringing EVs into the mainstream. According to Toyota, cars powered by solid-state batteries could have a range of 745 miles, a charging time of 10 minutes, and hit the market in 2027 or 2028. (https://www.dailymail.co.uk/yourmoney/electric-vehicles/article-12662175/Toyota-EV-solid-state-range-745-miles.html)
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New Apple Watch to Detect Blood Pressure, Sleep Apnea; Health Coach Service Planned |
Apple plans to introduce a new paid health service alongside a blood pressure sensor and a system for detecting sleep apnea in the Apple Watch next year, according to a recent report from Bloomberg. The paid health coaching service could provide a new area for Apple to develop recurring subscription revenues. Apple's services business is its second largest, behind the iPhone. Reportedly, Apple's blood pressure sensor will detect when a user's blood pressure is elevated (though it won't show their exact measurements) and monitor breathing and sleeping habits to predict if a person has sleep apnea. (https://www.cnbc.com/2023/11/01/apple-watch-blood-pressure-sleep-apnea-and-health-coach-planned-report.html)
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