The artificial intelligence (AI) development race is heating up, and one new study shows that companies are paying upward of $650 million to their employees to advance the state of the AI art. New research from employment intelligence outfit Paysa asserted that there are more than 10,000 available AI positions across the US, with the top 20 employers setting aside an average $33,292,647 to hire available developers and talent, according to a press release from the firm. The research showed the top two companies in terms of AI development investment, Amazon and Google, are spending $227 million and $130 million, respectively, to woo talent, a sure sign that these two tech giants see AI is crucial to their success in business moving forward. "From powering the self-driving car to guiding the way consumers shop, manage our finances and even do routine tasks, AI technology plays an increasing role in every aspect of life as we know it, so it's no surprise that investment in this area is growing at a rapid pace and companies are having a hard time keeping up," said Paysa CEO Chris Bolte. The study also cited San Francisco, New York and Seattle as the top three US cities where companies are hiring the most AI experts.

Artificial intelligence is growing fast. Recent research puts it as a $5 billion market by 2020, and Gartner estimates that 6 billion connected "things" will require AI support by 2018. Connected machines, wearables, and other business tools like voice assistants are already boosting productivity at work and at home. Two reports just surfaced that tackle the troubling predictions that automation, artificial intelligence, and robots are going to supplant human workers. The McKinsey Global Institute and Glassdoor research indicates that we don't have to worry that we humans will become obsolete.

Machines have long been great at quickly scanning and organizing immense pools of information. So where better to put them to use than in the hiring process, where both companies and employees depend on a good fit? Here's how artificial intelligence is changing the way companies hire and workers look for jobs. When workers used to search for and apply to jobs through their local newspapers, employers would end up with a manageable stack of candidates to review. All of that changed in 1999, when the online jobs board Monster.com was founded.

Machines have long been great at quickly scanning and organizing immense pools of information. So where better to put them to use than in the hiring process, where both companies and employees depend on a good fit? Here's how artificial intelligence is changing the way companies hire and workers look for jobs. When workers used to search for and apply to jobs through their local newspapers, employers would end up with a manageable stack of candidates to review. All of that changed in 1999, when the online jobs board Monster.com was founded.