The D.C. metro area surpassed the San Francisco Bay Area for artificial intelligence job postings in December.
The D.C. metro area surpassed the San Francisco Bay Area for artificial intelligence-related jobs in December, according to research from commercial real estate company JLL. At the end of 2023, there were more than 1,000 such active jobs in the DC area.
The demand for these AI-related jobs in DC is growing for several reasons.
While some tech hubs like San Francisco are seeing technology companies pull back in the workforce for economic reasons, the JLL report says the DC region is less vulnerable to economic volatility due to federal spending and government contracts. It is sensitive.
The DC economy also benefits from a variety of industries, including tech, defense, healthcare and finance. However, about half of the AI-related jobs in DC Metro require a government security clearance.
DC is, and always has been, a hotbed of lobbying efforts, and the emergence and future of artificial intelligence depends largely on the regulatory environment. JLL calls it uncharted territory and says lobbying firms are racing to represent the industry.
According to JLL research, the number of lobbying groups on AI issues in Washington has grown to more than 300, and through the first three quarters of 2023, companies, nonprofits, universities, trade groups and others on AI spent $569 million lobbying the federal government; – Related issues.
Another reason the D.C. region is ripe for artificial intelligence growth is Northern Virginia’s enormous data center potential. It is the world’s largest data center market by a long shot, with nearly 4,000 MW of capacity, more than three times that of Singapore, the world’s second largest data center market.
AI data centers have stronger demand, which will benefit current and future data center inventory demand in Northern Virginia.
According to Bloomberg Intelligence, the creative AI market will reach $1.3 trillion in 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 initiatives.
The DC metro is a strong job market for the overall technology industry. When compared to states, Forbes ranks the district as the No. 1 job market for IT jobs. Virginia and Maryland are both in the top 10.
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