The D.C. metropolitan area surpassed the San Francisco Bay Area in terms of artificial intelligence jobs in December.
The D.C. metropolitan area surpassed the San Francisco Bay Area in terms of artificial intelligence-related job openings in December, according to a study by commercial real estate firm JLL. As of the end of 2023, there were more than 1,000 such active openings in the DC area.
The demand for AI-related jobs in Washington DC is rapidly increasing for several reasons.
While technology companies in some tech hubs like San Francisco are cutting jobs for economic reasons, the JLL report says federal spending and government contracts have helped the D.C. region absorb the effects of economic fluctuations. It is said that it is difficult to accept.
Washington, DC’s economy also benefits from diverse industries such as technology, defense, healthcare, and finance. However, about half of the AI-related jobs in the D.C. Metro require a government security clearance.
D.C. is and remains a hotbed of lobbying, and the emergence and future of artificial intelligence will largely depend on the regulatory environment. JLL called this uncharted territory and said lobbying groups were competing to represent the industry.
The number of organizations lobbying on AI issues in Washington has grown to more than 300, with companies, nonprofits, universities, industry groups and others increasing in the first three quarters of 2023, according to JLL research. It said it spent $569 million lobbying the federal government on AI. – Related issues.
Another reason the D.C. region is ripe for advances in artificial intelligence is Northern Virginia’s vast data center capacity. This is by far the world’s largest data center market, with a capacity of almost 4,000 MW, which is three times that of Singapore, the world’s second largest data center market.
AI data centers have more robust requirements that will benefit Northern Virginia’s current and future data center inventory needs.
According to Bloomberg Intelligence, the generative AI market will reach $1.3 trillion over the next 10 years.
The federal government’s own spending on artificial intelligence research and development has more than doubled in the past five years. President Biden’s fiscal year 2024 budget request includes $1.8 billion for AI and machine learning efforts.
The DC Metro is a strong job market for the entire tech industry. Forbes magazine ranks the area as the No. 1 job market for IT jobs compared to states. Virginia and Maryland are both in the top 10.
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