China's AI industry salary has doubled, talent competition is still the key

What will happen to the future AI industry? We don't know, but it will definitely be an accelerated state of development. We have to be bad, and the future will bring us too many opportunities for investment and entrepreneurship. However, in the process of accelerating development, the lack of talent has become the biggest bottleneck in the industry, even though the top industry wages such as China's AI are almost equal to Silicon Valley.

According to foreign media reports, as more and more funds flock to start-ups and more mature enterprises and the government's huge demand gap for the rapid development of artificial intelligence technology, thousands of people in China are now employed by companies to strengthen Cyber ​​security and trying to make China a global leader in artificial intelligence applications.

Thomas Liang, a former senior executive of China's search giant Baidu, said: "Now the company is well-funded and thirsty. Now, startups in popular areas such as AI often even raise 50%-100% of the salary for the talents."

China's AI industry has doubled its salary. Talent competition is still the key.

In recent years, China has emerged as a global technology center. The technology giants such as Alibaba and Tencent currently have a market capitalization of more than 1 trillion US dollars. This has led to a boom in recruitment and wages in the technology field, and has also made the salaries of top talents in some fields the same. Silicon Valley is comparable.

Although the government wants to create high-paying jobs and improve its position in the value chain, it will also exacerbate China's income inequality. Because the wages of non-technical jobs will be relatively low, and the recruitment and income growth of the AI ​​industry are concentrated in big cities such as Beijing and Shenzhen.

According to the National Bureau of Statistics, the size of China's information technology and software industry in the fourth quarter of last year ushered in a 33.8% year-on-year growth. According to the data of the technology recruitment website 100offer.com, the outstanding graduates who work in artificial intelligence in China can get an annual salary of 300,000 to 600,000 yuan, while the team leader with 3 to 5 years of work experience can get the annual salary. Easy to exceed RMB 1.5 million. Of course, many of these job opportunities are in megacities such as Beijing or Shenzhen.

Thomas Liang expects that the salary of the Chinese AI industry has roughly doubled since 2014.

In contrast, San Francisco AI researchers have an average annual salary of $112,659 (about 720,000 yuan), and engineers in machine learning have an average annual salary of $150,815 (about 960,000 yuan).

For Chinese software engineers studying in the United States, they are very worried that President Trump's immigration policy will affect their access to visas, but it also makes the option of returning to work more attractive. Some Chinese technology companies have said that they have been actively recruiting Chinese students from American universities, and many even set up offices in Silicon Valley to attract top talents.

Song, an artificial intelligence engineer who is 26 years old and works in Beijing, said: "By learning artificial intelligence, my salary has doubled."

Song had previously received a series of artificial intelligence training courses in his spare time. His current income is about 320,000 yuan per year.

George, 26, is currently working on the China News Aggregate application "Today's Headlines," with an annual salary of about $60,000 (about 380,000 yuan). But he said that if there is a better chance, he is likely to choose to quit.

At present, external funds are still pouring into Chinese technology companies. According to research firm Preqin, the risk capital investment received by Greater China last year exceeded US$65 billion, a 35% increase over the same period of the previous year, a record high. $770 million in financing in North America.

In fact, the Chinese government's efforts to promote the integration of the Internet, big data and artificial intelligence with the traditional economy are all part of the effort to get the Chinese economy to the upstream of the value chain. At the same time, the government is also promoting the use of facial recognition and other technologies to combat crime and improve citizen safety.

At the same time, China's domestic technology boom has gradually spread from the coast to inland cities. For example, Alibaba has set up a headquarters in Xi'an, while American technology giants such as Apple and Qualcomm have chosen to invest heavily in the southwestern province of Guizhou.

However, the wages of the Chinese labor market are not all rising, but are still limited to the relatively low-tech fields. According to official data, the employment rate in the manufacturing and service industries is currently fading.

In this regard, Qu Hongbin, chief economist of HSBC in Hong Kong, said: "Don't forget that by 2018, there will be 8.2 million college graduates in China, and these people need a job. So from my perspective Look, the pressure to create enough jobs is still there."

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