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'AI Jobs' Surpass 'Crypto Jobs' in Search Interest During Bitcoin's Record High, Reveals Study

A recent study analyzing Google Trends data has revealed that the rise of artificial intelligence (AI) has overshadowed the once dominant crypto narrative.The study compared search interest in AI and crypto jobs to gain insights into the level of interest in these sectors. It found that the search interest in 'AI jobs' peaked at four times higher than 'crypto jobs', based on Google Trends data.This surge in interest can be attributed to significant events such as the introduction of OpenAI's ChatGPT on November 30, 2022, followed by the launch of AI technologies like Google Bard and Microsoft's investment in OpenAI.The peak search interest score of 124 for 'AI jobs' was reached on April 30, 2022, just five months after the release of ChatGPT. Although the interest has declined since then, it still remains four times higher than 'crypto jobs'.It is noteworthy that AI has historically been a more popular field for job seekers even before the recent AI boom. In fact, the average search interest in 'AI jobs' was three times higher than 'crypto jobs' in 2020, prior to the crypto rally in early 2021.The interest in 'crypto jobs' started to rise in January 2021, coinciding with major companies and thought leaders entering the crypto space. The support for crypto payments by platforms like Venmo, MasterCard, and PayPal, as well as notable moves by companies like MicroStrategy and Square, and the recognition of Bitcoin as legal tender by countries like El Salvador, contributed to this growing interest.Despite reaching its peak shortly after Bitcoin's all-time high in November 2023, the search interest in 'crypto jobs' remained significantly lower compared to 'AI jobs' at its peak.The study also observed a decline in search interest for 'crypto jobs' as the crypto market sentiment turned bearish. This decline was particularly evident with a low score of 9 by December 25, 2022, marking a significant drop of -288% from its peak. Factors such as the collapse of cryptocurrency exchange FTX, layoffs in prominent crypto exchanges and marketplaces, and increased regulatory scrutiny from authorities like the US Securities and Exchange Commission contributed to this decline.Despite the decline, current search interest in 'crypto jobs' remains slightly higher than pre-2020-2021 bull market levels, indicating sustained interest in the sector despite the challenges it has faced.Top Countries Interested in Crypto and AI Jobs The study also examined the countries showing the most interest in both crypto and AI jobs. Singapore ranked first in interest for crypto jobs, followed by the United Arab Emirates and Nigeria. Singapore's thriving crypto ecosystem and business-friendly environment have attracted significant investment, making it a hub for crypto firms. The UAE's favorable approach to crypto regulation has also made it an attractive destination. In Nigeria, cryptocurrencies are seen as a cost-effective alternative for money transfers and a means to bypass foreign currency restrictions.For 'AI jobs', Singapore again took the lead, followed by Pakistan and Kenya. Singapore's government actively promotes the adoption of AI tools in the public sector, making it a hotbed for AI job opportunities. Pakistan's Ministry of IT & Telecom has announced initiatives to produce one million AI-trained IT graduates by 2027. Similarly, Kenya has witnessed increased adoption of AI technology across various sectors, including agriculture, healthcare, and education.