AI does not save: companies are spending more than ever on artificial intelligence

Studies suggest that the skills required for jobs in the United Kingdom could change by up to 65% by 2023.

We are all tired of reading and hearing that AI saves costs and that it is good for the company. The problem is that these “costs” are actually the salaries of employees who end up being fired in a very bad time. Now we find out that what they save on people they spend… on more AI.

ChatGPT DOWNLOAD

A report from LinkedIn details a 9% increase in the hiring of technical AI talent in the UK over the past year, indicating a growing reliance on the emerging technology that has become commonplace in many industries.

The change is reflected in hiring trends and the evolution of skill sets, and studies suggest that the skills required for jobs in the United Kingdom could change by up to 65% by 2023, compared to 2016.

Up to 5 million average spending on AI

According to the LinkedIn study, the main AI skills currently in demand in the United Kingdom are: machine learning, generative AI, deep learning, and natural language processing.

These skills are increasingly in demand in various sectors, such as administrative and support services, professional services, technology, information and media, manufacturing industry, and financial services.

Janine Chamberlin, Country Manager of LinkedIn in the United Kingdom, emphasized the need for companies to prioritize efforts to improve qualifications.

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Chamberlain recommends trying public tools like Microsoft Copilot and ChatGPT as a preliminary step before implementing more advanced and personalized AI applications.

At the same time, a separate study by Rackspace Technology in collaboration with AWS found that three out of four (75%) IT decision makers plan to invest between $0.5 and $5 million in AI this year.

Author: Chema Carvajal Sarabia

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