💰 The AI Jobs Jackpot: How to Capitalize on This Growing Trend
And I don't mean getting a job.
👋 Hey, I’m Casandra. I share research-backed business ideas to help you start and grow a business. This is a 🔒 Premium Edition 🔒 of Really Good Business Ideas.
There's a gold rush happening, but it’s not precious metals.
2024’s gold rush is artificial intelligence (AI).
While it’s only been one and half years since OpenAI introduced ChatGPT to the world,1 generative AI (gen AI) is expected to change everything.2
Gen AI is a huge topic providing countless opportunities, and we’re still only at the beginning of this societal upheaval. But today, I want to discuss one timely way to profit from this gold rush…other people’s interest in AI jobs.
Table of Contents
The Opportunity 💰
Search interest in “ai” skyrocketed in December 2022 after OpenAI announced their gen AI product, ChatGPT, on November 30, 2022.3 More importantly for us, search interest has remained high ever since.
However, the best insights always come from going deeper and segmenting the data.
Hiding within this trend is another trend that follows the same pattern.
Search interest for “ai jobs” has been on a similar trajectory, but since it’s much more specific, it’s a much more actionable opportunity.
This search interest data suggests that many people are looking for jobs in artificial intelligence.
But are there actually jobs available?
It’s true that AI is expected to disrupt many industries in the future, but most haven’t been affected yet. That’s because most generative AI products aren’t very good (yet).4
The technology is promising, but the products still need to get a lot better.
So it’s not surprising that Gen AI jobs are growing quickly. 5
Especially in software development, where AI jobs have been taking a greater share of job postings lately.
AI job growth is likely to continue as huge market growth is expected. The global artificial intelligence market is forecasted to grow from $197 billion in 2023 to $1,812 billion in 2030. That’s a compound annual growth rate of 36.6%!6
This is massive. Industries rarely grow at this pace.
On top of that, this past quarter (Q2 2024) set a record for AI funding. Investments in artificial intelligence startups surged to $24 billion, more than doubling the $11 billion in investments during the previous quarter.7
Guess what software startups need investment for? Hiring people to build their products.
So, here we have a new trend showing already high growth and several strong signals pointing towards continued growth—or, in other words, a perfect business opportunity.