AI Hiring Trends Report - April 2024

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Starting from May 2024, we will analyze the latest publicly available AI job posting data to look for overall shifts by geography & industry, as well as uncovering trends in top hiring companies and roles with the highest demand. These trends can help to strategically guide your next move within AI space, regardless of whether you are an employer or candidate.

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AI Jobs Overall

Unlike the overall hiring trend that we saw in our latest Industry Hiring Trends Report, total number of new AI job postings increased in April, with a 7% uptick compared to March 2024 and almost a 30% increase compared to beginning of the year. Share of AI jobs compared to overall software jobs also increased from ~5.3% to ~6.4% in April vs March 2024, continuing an overall increase trend started in 2023 — this indicates that AI hiring market is much more active than the overall IT hiring market.

Geography Lens

New AI job postings saw an increase in regions with a large number of developed countries, such as North America ( 35%) and Europe, Middle East and Africa ( 4%). Latin America and Asia Pacific saw a significant decrease in April vs March 2024, -44% and -43%, respectively.

Most U.S. states saw an increase in new AI job postings in April, with Louisiana having the highest increase (almost a 7-fold increase), while Maine had the largest decrease of -49% from March. The biggest US states in terms of job postings were California (nearly 10% of global demand), Washington (~3% of global demand), and Texas (~3% of global demand), with the latter two seeing growth in April AI postings compared to March.

Industry Lens

Apparel & Fashion penetrated the Top 5 Industries list, reaching a #1 position with an astonishing 535% increase in April AI job posts vs March 2024. The IT & Services Industry is the second largest Industry in terms of the number of AI job posts, however witnessing a decline from last month (-6%). Staffing & Recruiting and Semiconductors follow the trend of IT & Services, decreasing by 3% and 8%, respectively. Semiconductors show strong growth at 78% increase from March.

In terms of dynamics of AI job posts, apart from beforementioned Industries, Automotive shows the strongest growth with a 169% in AI related job posts vs March, other Industries in the Top 5 increased by 50-80%. Computer Hardware and Hospital & Healthcare saw the highest decreases of 40% and 33%, respectively; other Industries in the Top 5 saw a less steep decline, varying between 15% and 31%.

Company Lens

Outlier stands out with a significant lead in AI job posts with nearly 1400 positions. Tech giants, such as Intel (416), Meta (262), and Google (173) also feature prominently in the list, with the AI hiring activity signaling about continued investment in AI/ML talent.

Capital One, with 251 job postings, highlights the financial sector's growing reliance on AI/ML. Financial institutions could be leveraging these technologies for risk management, customer service enhancements, fraud detection and more.

The presence of companies like Accenture (225) and Ernst & Young (105) highlights the broad applicability of AI/ML across various sectors, with consulting firms seeking AI/ML talent signaling about efforts to enhance their service offerings.

In the Top 10 we also see consumer technology companies, such as Apple (172), Amazon (156), and Tiktok (109), with investment in AI/ML talent being necessary to continue driving innovation and maintaining a competitive edge.

Candidate Lens

When looking at specific job titles that companies typically look for, we see interesting trends — with the most obvious being that AI-related job postings seem to be closed in that same month much faster (70-75%) compared to overall Industry hiring (85-90% on average).

Despite the AI/ML Engineers seeing a decline across multiple job titles vs March 2024, they remain to be the highest in demand role, highlighting the ongoing need for technical expertise in developing and maintaining AI/ML systems.

AI Managers lead with 74% of postings still open, marking a significant 22% increase from last month — this indicates a rising demand for leadership roles in AI, as companies could be seeking experienced professionals to guide their AI initiatives.

Demand for Training Managers has seen an extraordinary 443% increase postings, with 83% of positions still available. This surge suggests a growing emphasis on training and development within the AI/ML space, likely to ensure that teams stay updated with the latest advancements.

Apart from #3-5 in the Top 10 list, most of the positions saw a decrease in demand. Most notable decrease was noted in ML Data Scientists, a 49% drop vs March 2024; postings for ML Managers also decreased significantly (-40%).

If you are interested in reading more, click here to read other Aura reports.

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Abylay Jetmekov

Product Manager, Aura

Note: All information mentioned in this report comes from publicly available data; if you believe the information on your company is incorrect, please reach out to us at [email protected].

This work is based on secondary market research, analysis of financial information available or provided to Aura Intelligence and a range of interviews with industry participants. Aura Intelligence has not independently verified any such information provided or available to Aura Intelligence and makes no representation or warranty, express or implied, that such information is accurate or complete. Projected market and financial information, analyses and conclusions contained herein are based on the information described above and on Aura Intelligence’s judgment, and should not be construed as definitive forecasts or guarantees of future performance or results. The information and analysis herein does not constitute advice of any kind, is not intended to be used for investment purposes, and neither Aura Intelligence nor any of its subsidiaries or their respective officers, directors, shareholders, employees or agents accept any responsibility or liability with respect to the use of or reliance on any information or analysis contained in this document. This work is copyright Aura Intelligence and may not be published, transmitted, broadcast, copied, reproduced or reprinted in whole or in part without the explicit written permission of Aura Intelligence.