J.P. Morgan just hired a top Google executive in a big bet on artificial intelligence

J.P. Morgan just hired a top Google executive in a big bet on artificial intelligence

Tech giants reminiscent of Google’s Alphabet and Fb, Silicon Valley startups, and a swath of commercial and monetary corporations are all vying for a small group of confirmed AI consultants who can assist create an automatic future. Meaning the marketplace for specialists within the know-how has by no means been hotter, leading to compensation that reaches into the tens of millions of in some instances.

In a push to stop fintech corporations and established tech giants from luring their clients, banks are more and more trying outdoors finance for managers in applied sciences from machine studying to blockchain. About one-third of J.P. Morgan’s latest senior hires are from outdoors the trade, in response to the lender.

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