The Economist says AI has added 1 million new jobs in America since mid-2023 (offsetting 200k AI related job losses): “Roughly 1% of professional jobs are now ‘AI jobs’—on the order of 1m positions in America. In computer occupations and life sciences—including researchers using AI to discover new drugs—the share is 4-5%. LinkedIn’s own analysis points to roughly 640,000 new AI-specific jobs between 2023 and 2025. ‘To date, the evidence suggests that AI has been a net job creator,’ says Kory Kantenga, head of economics for the Americas at LinkedIn.” “America’s AI infrastructure splurge has created many of them. The spending on the kit needed to make AI run—from chips and servers to data centres, cooling systems and power—is roughly $500bn a year above what it was in 2022, when the world got to know ChatGPT, calculates Goldman Sachs, a bank. Data-centre construction alone is proceeding at an annual rate of more than $75bn, nearly 60% higher than a year ago, according to Census Bureau data. That building spree requires armies of workers: electricians to wire them, HVAC specialists to stop racks from overheating, grid engineers to hook them up to the power supply and technicians to install and maintain the machines.” “Between 2023 and 2025 employment among paralegals rose by about 11% and among market-research analysts by 6%, compared to a national average of around 2.5% (see chart 3). Despite dire warnings of imminent lay-offs, professional services are projected to keep growing rapidly thanks to demand for AI systems and consulting, according to BLS forecasts.”