JPMorgan is engaged in some big recruitment for a new artificial intelligence (AI) team at its office in Silicon Valley.
The bank is currently advertising around 28 technology roles at its San Mateo office in Silicon Valley, including 17 directly related to AI. They include openings for a senior machine learning engineer, two machine learning associates, senior back engineers for an AI platform, senior cloud engineers for an AI platform, front-end AI engineers and cloud engineers.
Many of the jobs were posted last month. JPMorgan is also running an 'AI Engineering hiring event' in Silicon Valley between 16 and 18 October and says it's hiring for an 'AI Engineering team that executes like a startup and is building the next generation of technology.' Individual job ads say the team is new and tasked with building a 'V1' model that can 'research and implement deep learning, machine learning and statistical approaches to solve business problems.'
The recruitment-drive comes after JPMorgan announced plans to open a new financial technology campus in Palo Alto last year. The campus, which will ultimately house up to 1,000 people, is due to open in 2020.
The H1B database suggests JPMorgan has, in fact, been building its San Mateo machine learning team for a while. The bank hired a machine learning back end infrastructure engineer to the office in April on a salary of $170k and has since hired two machine learning data scientists in San Mateo on $160k and $170k each.
Even though it's Silicon Valley, competition for machine learning talent is likely to be intense. JPMorgan appears to be paying-up to differentiate itself. Dropbox, Uber and Workday have also been making Silicon Valley machine learning hires on H1B visas, and paying $138k, $132k and $132k, respectively.
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