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The world of work is undergoing a rapid transformation, with the emergence of artificial intelligence (AI) playing a pivotal role in reshaping job roles and titles. The impact of AI on employment is becoming increasingly evident, as highlighted by the latest data released in LinkedIn's Future of Work report.
Back in May this year, the concept of a 'head of AI' was in its infancy, with the job title yet to be defined. Fast forward to today, and the landscape has dramatically changed.
The LinkedIn report reveals a staggering 21-fold increase in global English-language job postings mentioning terms like GPT or ChatGPT since November 2022, when OpenAI introduced its groundbreaking AI chatbot.
Karin Kimbrough, LinkedIn's chief economist, told Forbes, "We're seeing the evolution of jobs now changing faster than it was before."
The job market is now replete with titles like chief AI officer, AI engineer, AI specialist, AI advisor, and AI data scientist. The number of companies appointing a 'head of AI' in the United States has nearly tripled in the last five years.
The AI job boom isn't exclusive to LinkedIn. Other job platforms are also experiencing a surge in AI-related positions. As of August 11, they have indeed reported 529 listings for generative AI-related jobs per one million postings, marking a substantial increase from 104 per million in November 2022.
While overall hiring may have experienced a slowdown, the demand for individuals possessing AI skills remains robust. Cory Stahle, an economist at Indeed, notes, "We've gone from this really fast boil to a still really warm pot of water here."
ZipRecruiter corroborates this trend, observing a remarkable surge in generative AI-related job postings, with 1,309 listings in July, compared to just 21 a year prior.
Despite the undeniable growth in AI-related roles, the larger question looms: will the jobs AI creates surpass those it displaces?
The answer may take years to materialize. Goldman Sachs projects that AI could replace 300 million full-time jobs, while employers surveyed by the World Economic Forum foresee AI eliminating 83 million jobs by 2027, but concurrently creating 69 million, resulting in a net decrease of 14 million jobs.
John Sviokla, the co-founder of advisory firm GAI Insights, cautions against alarmism, drawing parallels to the scepticism surrounding driverless cars. "That was exactly the wrong answer," he asserts.
Alongside AI experts, a new cadre of job titles is predicted to emerge, including ethicists and chief trust officers. As companies increasingly integrate AI into their systems, ensuring fairness and bias mitigation becomes paramount.
The LinkedIn report also reveals a surge in users adding AI-oriented skills to their profiles, indicating that job seekers perceive growing opportunities in the AI sector. The rate of users adding generative AI-related skills has nearly doubled, reflecting the evolving dynamics of the job market.