this post was submitted on 15 Nov 2023
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Machine Learning
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The bubble is already there. Since the end of the pandemic, huge layoffs happenend in the ML department and the market is flooded with job-seekers right now.
My friend's startup - a small no-name ML startup that pays 50k canadian dollars a year - has posted a job offer recently and received more than 1000 applications in 2 days.
But surely not 1000 PhDs?
Actually he told me they got many PhDs from non-relevant fields like biology etc.