Both artificial intelligence and ChatGPT are experiencing significant growth. Tools based on AI have the potential to create well-paying work opportunities. It has been reported by various media outlets that the development of AI has resulted in the creation of a new job title known as prompt engineers. These professionals reportedly have the potential to bring in an annual salary of up to $335,000 (or Rs. 2 crores in other countries). People who work as prompt engineers spend their days encouraging artificial intelligence to generate better results and assisting businesses in training their personnel to use the technologies that are available to them.
Large language models, also known as LLMs, are a type of artificial intelligence language system that has been developed by over a dozen different organisations, including Google’s parent company Alphabet Inc., OpenAI, and Meta Platforms Inc. “It’s almost like having a conversation with AI. Because of the wordplay involved with quick engineering, many people who work in the field have a background in history, philosophy, or the English language. According to Albert Phelps, a prompt engineer at Mudano, which is part of the consulting business Accenture and is located in Leytonstone, England, “You’re trying to condense the essence or meaning of something into a limited number of words.”
Phelps and his coworkers spend the majority of their day composing messages or ‘prompts’ for tools like OpenAI’s ChatGPT. These messages and prompts are then kept as presets within OpenAI’s playground so that customers and others can utilise them at a later time. According to Phelps, who was mentioned by Bloomberg on the topic, a typical day in the life of a prompt engineer consists of writing five distinct prompts and having approximately 50 contacts with ChatGPT. Companies such as Anthropic, which is a startup sponsored by Google, are advertising wages of up to $335,000 for a ‘Prompt Engineer and Librarian’ in the San Francisco area.
A machine learning engineer who can ‘prompt and comprehend how to get the greatest output’ from AI technologies is in high demand in the state of California, where automated document reviewer Klarity is located. The company is offering a salary of up to $230,000 for the position. Recent job advertisements for prompt engineers were posted by Boston Children’s Hospital and the London legal firm Mishcon de Reya. Both of these institutions are located outside of the tech industry.
People with doctoral degrees in machine learning or ethics, as well as those who have created AI startups, frequently land the highest-paying posts in the field. According to recruiters and other experts, these are among the most important talents necessary for professional success.
“I’ve worked in the information technology industry for the past 25 years, and this is by far the most dynamic market. Although starting salaries begin at £40,000, we have people in our database that are asking for between £200,000 and £300,000 per year. According to Mark Standen, who manages the employment business for artificial intelligence, machine learning, and automation at Hays in the United Kingdom and Ireland, “expert prompt engineers can name their price.”
However, because to the enthusiasm surrounding the launch of OpenAI’s ChatGPT-4, Google Bard, and Microsoft’s Bing AI chatbot, the function is becoming more common among larger firms. Google, TikTok, and Netflix Inc. have been driving up salaries, but the role is becoming more mainstream overall.