the rise of artificial intelligence (AI) has eclipsed the once-dominant crypto narrative, a new study shows.
The study, carried out by analyzing Google trends data, compared search interest in artificial intelligence and crypto jobs to provide insights into interest levels in these sectors.
It found that search interest in ‘AI jobs’ peaked four times higher than in ‘crypto jobs’, according to data from Google Trends.
This surge in interest can be attributed to significant events such as the announcement of open AI‘s ChatGPT on November 30, 2022 and subsequent AI releases such as google bard and MicrosoftThe investment of OpenAI.
Search interest for ‘AI jobs’ reached its peak score of 124 on April 30, 2022, just five months after ChatGPT launched.
Although search interest has since declined, it is still four times higher than “crypto jobs.”
It’s worth noting that artificial intelligence has historically been a more popular field than cryptocurrency for job seekers, even before the recent AI gold rush.
In fact, average search interest in ‘AI jobs’ was three times that of ‘crypto jobs’ in 2020, until the start of the crypto rally in early 2021.
Interest in ‘crypto jobs’ began to rise in January 2021, coinciding with the entry of major companies and thought leaders into the crypto space.
This was around the time when major crypto payment platforms like Venmo, MasterCardand PayPal introduced support for crypto payments.
In addition, major moves by companies like MicroStrategy and Square, as well as from countries like The Savior The recognition of Bitcoin (BTC) as legal tender contributed to the growing interest in “crypto jobs.”
Despite peaking a few weeks after Bitcoin’s all-time high of $69,044.77 on November 10, 2023, search interest in ‘crypto jobs’ remained considerably lower compared to ‘AI jobs’ in its Maximum point.
The study also revealed a decline in search interest for ‘crypto jobs’ as crypto market sentiment turned bearish.
This decline was especially notable with a low score from December 9 to 25, 2022, marking a significant drop of -288% from its peak.
The collapse of cryptocurrency exchange FTX and layoffs at prominent cryptocurrency exchanges and markets such as Crypto.com, Coinbase and OpenSea, along with heightened regulatory scrutiny from authorities such as the US Securities and Exchange Commission, contributed to to declining interest in cryptocurrencies and related job opportunities.
Despite this decline, current search interest in ‘crypto jobs’ remains slightly above pre-2020-2021 bull market levels, suggesting that there is still some interest in the sector despite the challenges it has faced. .
Top Countries Interested in Crypto and AI Jobs
To better understand the global interest in artificial intelligence and cryptography jobs, the study looked at the top countries seeking these job opportunities.
Singapore ranked as the country most interested in crypto jobs, followed by the United Arab Emirates and Nigeria.
Singapore’s thriving crypto ecosystem and favorable business climate have attracted significant investment in the crypto industry, with companies such as Crypto.com and Gemini setting up operations there.
The opening of the United Arab Emirates to crypto regulation has also made it an attractive destination for crypto companies. Nigeria, on the other hand, sees cryptocurrencies as a profitable alternative for money transfers and a way to circumvent foreign currency restrictions.
When it comes to ‘AI jobs’, Singapore again takes the lead position, followed by Pakistan and Kenya.
The Singapore government has been actively promoting the adoption of AI tools in the public sector, making it a hub for AI job opportunities.
Pakistan’s Ministry of IT and Telecommunications has also announced initiatives to produce 1 million AI-trained IT graduates by 2027.
Similarly, Kenya has witnessed a rise in companies using AI technology in sectors such as agriculture, healthcare, and education.
