Companies in India and worldwide are doubling salaries for AI professionals, creating a bidding war for tech talent.
AI and data science specialists in India are seeing pay hikes of 35% to 50% each time they switch jobs, due to an "insatiable need for talent" in the tech industry.
The rush for AI talent is outstripping supply in India, as recruiters from tech giants like Google and Baidu Inc. and companies in other industries are doubling salaries and offering extravagant sign-on bonuses to lure top talent.
The shortage of data scientists, machine-learning specialists and skilled engineers in India is pushing salaries to new heights, with recruitment stories verging on the absurd.