Private Equity Firms Offer Million-Dollar Salaries to Recruit AI Executives
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Private equity (PE) firms are eager to hire AI and machine learning executives, offering salaries up to $2 million to manage portfolio companies' tech stacks.
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PE firms want these AI execs to make portfolio companies more efficient, cut costs, and embrace technologies like AI, cloud, and automation.
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High demand is driving up pay packages for these roles into the millions - Vyas said she recently placed 2 AI execs at a PE firm for $500k - $2 million each.
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Beyond executive hires, some PE firms like Blackstone also have AI-focused rotational programs to station data scientists across portfolio companies.
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Technologies like public cloud and automation are already table stakes for PE firms to cut IT costs and boost business at portfolio companies.