Share to Twitter Share to Linkedin A new salary survey of AI professionals and data scientists was released today , showing unprecedented annual increase in compensation for data analysis skills and experience. The Burtchworks survey of 1,841 data professionals (1,265 Data Scientists and 576 AI Professionals), conducted from May 2021 to April 2022, found “the largest salary increases we have ever reported, across all job levels.” The increases in mean base salaries over this period for AI Professionals ranged from 11% for level 1 individual contributors to 10% for level 3 managers and from 13% for level 1 data scientist individual contributor to 10% for level 3 data scientist manager. The most notable salary increases were across all managerial levels, with companies looking for “professionals who have extensive experience and are able to hit the ground running, especially given the Great Resignation and the prioritization of efficiently managing … [Read more...] about A Booming Market For AI Skills, With Salaries Topping $300,000
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Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
(Agence France-Presse) (The Jakarta Post) PREMIUM Hong Kong ● Wed, August 10 2022 Most markets rose on Tuesday but investors moved cautiously ahead of United States inflation data later in the week, after a jobs report suggested the US Federal Reserve would likely need to continue its sharp interest rate hikes to tame runaway prices. A rally across global markets from June lows appeared to have hit the buffers after Friday's forecast-busting employment reading showed the world's top economy remained resilient but meant more monetary tightening was on the cards. There had been hopes that recent weak data — including one showing the economy contracted for two straight quarters — would allow the bank to take its foot off the pedal in lifting borrowing costs, and possibly begin cutting in 2023. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, … [Read more...] about Markets mostly up as focus turns to inflation data
Overhauling Denver’s campaign finance rules was popular with voters in 2018. More than 70% of Denverites who cast ballots that year voted for Referred Measure 2E. The sweeping change to the city’s campaign rules ratcheted down contribution limits for candidates seeking every seat from mayor to the city auditor, banned direct corporate and union campaign contributions and established a fair elections fund to provide public financing for candidates who agreed to abide by even lower contribution limits and other rules. Participate in the fair elections fund and receive a 9-to-1 public funding match on contributions from Denver residents between $5 and $50. In other words, a $50 donation becomes $500 with taxpayer money so long as the donor hails from the city and county. A lot has happened since then. First, the measure’s backers struck a deal with the City Council to delay the law’s effective date until after the 2019 municipal election instead of trying to enact the changes … [Read more...] about In crowded city races, Denver’s new fair election fund will face first test
Arsenio Balisacan MANILA, Philippines — As more senior citizens have ventured back to the job market due to the harder times wrought by the high prices of food and other basic services, the country’s chief economist on Tuesday urged the private sector to provide them with opportunities and training so they could adapt to potential employment especially in the digital space and in agriculture. “Our institutions, our practices, our regulations have to evolve and respond with the changing times. Life expectancy has been increasing in many societies, including us [in the Philippines]… In countries like Japan or South Korea where life expectancy has increased, the society has opened up opportunities for the age-old members of their population,” Socioeconomic Planning Secretary Arsenio Balisacan noted in a press briefing on Tuesday. Balisacan, who heads the state planning agency National Economic and Development Authority (Neda), said the Philippines would have to follow suit in … [Read more...] about Neda chief: Hire more seniors; PH job market must evolve
Public pensions lost a median of 7.9% from fiscal year 2021 to 2022, their worst performance since 2009, The Wall Street Journal reported Tuesday. Public pensions last year had a record-setting median return of 27%, but retirement plans remain underfunded as the growth of costs has outpaced the growth in assets, according to the WSJ, citing data from analytics firm Wilshire Trust Universe Comparison Service. This has encouraged pension funds to embrace more risky investment strategies, leading them to be more influenced by changes in the stock market, with this year’s losses driven primarily by record inflation, reductions in the speculative markets and high stock valuations, the WSJ reported. “It was a really bad quarter for investing, there’s no way around it,” said Michael Rush, a senior vice president at Wilshire. Larger public pension funds performed better on average, with plans managing over $5 billion in funds returning a median loss of 5.1%, while funds managing over … [Read more...] about ‘A Really Bad Quarter’: Public Retirement Funds Are Having A Brutal 2022
Share to Twitter Share to Linkedin Director and CIO of cKers Finance, and co-founder of global sustainability advisory firm cKinetics. Carbon markets today are estimated to be worth over $100 billion and are expected to grow in the coming years. This potential spike in value could lead to a great opportunity for both the environment and investors. Has a new gold rush started? Let’s take a closer look. Carbon Is A Way To Put Value On A Scarce Resource: Air Imagine that our Earth was the size of an apple. Our atmosphere would be similar to the skin of the apple. That is how small our atmosphere is. The atmosphere stretches a mere 6.2 miles after which it rapidly loses its air density. So far, we have deemed air to be an endless resource, but that is clearly not the case. Carbon markets are a way to put a price on the real estate that exists above our heads. Combatting Climate Change By Bringing Carbon Markets To The Forefront … [Read more...] about Could Carbon Markets Become Larger Than Oil And Gas?
Share to Twitter Share to Linkedin Israel-based Aidoc announced today a $110 million Series D round investment, bringing its total funding to $250 million. The round, co-led by TCV and Alpha Intelligence Capital (AIC), with participation from CDIB Capital, will help the startup expand the reach of its Aidoc AI Care Platform beyond the over 1,000 hospitals and health centers it already serves. With 15 FDA-cleared clinical solutions, the Aidoc platform operates as an intelligent layer on top of hospitals’ IT systems, offering physicians a centralized platform to address all the care points, across the health system. The platform’s AI algorithms deliver actionable insights derived from imaging data and electronic medical records. This allows physicians to manage larger patient volumes by reducing time to treatment, shortening length of stay in the ED and capturing more patients requiring advanced treatments. Hospitals today face growing labor shortages. … [Read more...] about $110 Million In New Funding For AI Helping Hospitals Address Acute Labor Shortage
- A + A (Aug 10): The US Department of Justice (DOJ) is preparing to sue Google as soon as next month, according to people familiar with the matter, capping years of work to build a case that the Alphabet Inc unit illegally dominates the digital advertising market. Lawyers with the DOJ’s antitrust division are questioning publishers, in another round of interviews, to refresh facts and glean additional details for the complaint, said three people familiar with the conversations, who asked not to be named discussing an ongoing investigation. Some of the interviews have already taken place, and others are scheduled in the coming weeks, according to two of the people. They build on previous interrogations conducted during an earlier stage of the long-running investigation, the people said. An ad tech complaint, which Bloomberg had reported was in the works last year, would mark the DOJ’s second case against Google, following the government’s 2020 lawsuit alleging … [Read more...] about US DOJ preparing to sue Google over digital ad market ‘domination’ as soon as September
- A + A (Aug 10): Micron Technology Inc plans to slow hiring as it copes with a sudden drop in chip demand, but the company joined peers such as Intel Corp and Nvidia Corp in deciding that major job cuts aren’t yet necessary. The memory-chip maker has no plans to reduce its headcount and won’t be making large-scale layoffs, according to a person familiar with the situation. The assurances come at a time when Micron is cutting its forecast and dealing with a build-up of inventory. The company said earlier Tuesday that fourth-quarter sales are expected to be at the low end of or below its previous guidance. In a typical downturn, chip companies have relied on layoffs to cope with sluggish results. But the industry just lobbied for passage of the Chips and Science Act, a landmark federal bill that will pump US$52 billion into domestic semiconductor production. That’s made it an especially difficult for chip companies to be seen cutting jobs. Intel assured employees at … [Read more...] about Micron slowing hiring but plans to steer clear of job cuts