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šŸ”® 2025 crypto predictions šŸ”®
January 14, 2025
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Ā 

Here are my predictions for 2025.

  1. Total Crypto Market Capitalization Hit $4.5 Trillion

  2. Circle Gets Acquired or Forced to IPO/Go Public

  3. Stablecoin Supply Hit $300B

  4. ICO Platforms Raised More $ Than IDO Platforms

  5. AI Agents Market Cap Hit $50B

  6. Solana ETF Approved

  7. TON and Bitcoin Season 2 (TVL 2x by End of 2025)

Ā 

1. Total Crypto Market Capitalization Hit $4.5 Trillion

As of the time of writing, we’re sitting at ~$3.5T. The basis of this prediction is simple. I’m betting that there’ll be one last leg in the bull market which will happen in 2025 or early 2026.

One of the reasons is that in 2026 Trump will be a lame-duck president and the pro-crypto/Republican effect that will impact the US financial market’s sentiment towards Bitcoin will be reverting to the mean by then. Meanwhile, 2025 is poised to become the year when more US-based institutional players will FOMO into crypto, given that many of them needed more preparation on the regulatory front and couldn’t just jump the gun in the last month of 2024 post-Trump’s victory. On top of that, we have the most successful ETFs ever and MicroStrategy’sĀ contributionĀ to the TradFi (3,3).

$150,000 per BTC will increase the total market cap by $1 Trillion. Not counting all the other altcoins’ contributions to the total industry market cap. $150,000 USD is roughly 1M RMB so maybe there’s some reflexivity there just like $100,000 BTC.

2. Circle Gets Acquired or Forced to IPO/Go Public

Circle is the issuer of the second largest stablecoin in the world, USDC. Despite being the runner-up, it doesn’t enjoy the same business moat as Tether. This is because the primary role of a stablecoin, at least in its current iteration, is as a digital-native eurodollar and shadow bank. Circle, given its tie to Coinbase and its preference for becoming the most compliant, US-first, regulatory-abiding entity, also relinquishes the large majority of its moat as a business.

The company tried going public via SPAC once, and then there was a rumor around its IPO, but I think the year 2025 will finally be it.

There are signs.

  • First, its move to New York is nothing but a branding exercise. I don’t think further explanation is necessary.

  • Second, its partner, Coinbase, is currently worth $66B. Less than 10% of Coinbase's market cap is enough to acquire Circle. The reason why they haven’t done this is to try and get an even better price from the Circle’s team. Cha-Chink!

3. Stablecoin Supply Hit $300B

Stablecoin is crypto’s top PMF. While some might say that it’s no longer nascent, remember that there were people who said that about crypto in 2017. TLDR — stablecoin’s market share as a percentage of the worldwide financial market is still tiny.

Last year I predicted that this number would hit $250B. It didn’t hit my target but the direction is correct. Stablecoin supply went from $136B in January 2024 to ~$200B by the end of the year. In 2025, I predict this trend will continue to rise exponentially and hit $300B. It’s the lowest-hanging fruit that US-based projects will try to expand into, given the incoming administration’s regulatory friendliness, with a stablecoin bill already in theĀ works.

4. ICO Platforms Raised More $ Than IDO Platforms

We’re starting to see the comeback of fundraising platforms such as Echo and Legion. This does not consider the great work that experienced players such as CoinList have been doing. Still sticking to the same theme of a friendlier regulatory environment, I predict that these ICO platforms will raise more capital than IDOs in 2025.

Data from Cryptorank shows:

  • IDO platforms raised $650M+ in 2024, mostly dominated by Jupiter and Fjord.

  • ICO platforms raised $130M+ in 2024, mostly dominated by CoinList.

Echo’s data as of September 2024.

5. AI Agents Market Cap Hit $50B

At this point, you might be tired of hearing another VC pontificating about AI agents. But hey, you’re already here, so…

Ever since GOAT unlocked the imagination of developers, the number of new crypto x AI agents that are conducting interesting onchain experimentation have skyrocketed. Having said that, I do think that this trend will continue into 2025 as it’s the only other ā€œmacro factorā€ other than the institutionalization of Bitcoin.

AI is the only ā€œmacro techā€ story — and unsurprisingly it’s impacting crypto, specifically on the agentic side because onchain transaction enables developers to experiment with crazy ideas much faster. Without permissionless blockchains, it would take ages for developers to file the necessary paperwork and legality around what they’re trying to achieve.

  • The total market cap of allĀ AI agentsĀ is ~$12B.

  • The totalĀ memecoinĀ market cap is $110B.

  • The total memecoin market cap excluding DOGE, SHIB, and PEPE is $40B.

I’m predicting AI agents' market cap will do 4x by the end of 2025, surpassing the total market cap of memes excluding the big three.

6. Solana ETF Approved

Solana is also the biggest winner of this cycle. SOL price went from $20 to $200 within six months, and there’s a huge slew of memecoin trading infrastructure, printing 9-figure in annual net profit, built on top of Solana. Think PumpFun, Photon, GMGN, and many more.

ā€œBut sir those are all just speculation!ā€ — if this is your gut reaction after reading the last sentence please do some more reflection.

Anyway, on the ā€œreal productā€ side, Solana is also pushing ahead with itsĀ PayFi narrative. They’re aware that DeFi is a perpetually onchain game with some offchain components, and that crypto won’t truly become mainstream without more ā€œpaymentā€ focus use cases. You can see their initiatives by integrating with a lot of stablecoin providers (PYUSD incentives) and supporting projects that would support further stablecoin growth.

This strategy also aligns with Solana being a relatively US-centric project. Stablecoin is the lowest hanging fruit in Trump’s administration for anything crypto, and one of Solana’s biggest backers, Multicoin Capital, has a very strong friend in the white house. David Sacks, the White House’s AI and Crypto Czar, is one of Multicoin’s first investors (LP).

Thus, Solana has too much political goodwill in the White House, and it would be foolish to not capitalize on this momentum. The most EV+ positive action they can take is by pushing for Solana ETF. With Gensler out of the picture and the increasingly available compliant tools on the Solana blockchain, it shouldn’t be an impossible task. Hint: it will also help a lot with future unlocks ;)

7. TON and Bitcoin Season 2 (TVL 2x by End of 2025)

We had a decent stint of Bitcoin and Telegram/TON ecosystem mania in 2024, but those are quite short-lived. Since Q4, all attention has shifted to AI agents and meme trading instead. However, I do believe that it’s not over for these two ecosystems and what we witnessed last year was simply season 1, the appetizer that will prepare us for the main course in 2025.

At the time of writing, TON and Bitcoin ecosystem hold $270M and $6.5B in TVL respectively. I’m predicting this number will 2x by the end of 2025. Here are a few catalysts:

  • There’ll be an increasing effort in activating the capital currently owned by the OG Bitcoin whales. We’re already seeing an increasing number of protocols, both DeFi and new infrastructure, that are tapping into these cohorts. Ultimately, people want yield, even if their background might be a bit of a hard-money maxi. One of the better ways to convince these maxis is by showing that you don’t need to trust, just verify. The cryptographic technology in our space is already getting there with more tools such as TEE, FHE, and zkTLS potentially enabling new design architecture that will excite Bitcoin OG into participating.

  • Mandatory portco shill:Ā TON is just starting and they’re cooking a lot of stuff.Ā One of them is TAC, a new infrastructure that will make it seamless for users to interact between TON and EVMs. With more of these initiatives coming in 2025, I predict another mania created around TON/Telegram and will propel their TVL even higher.

Honorable mentions:

  1. Restaking-Fi Makes a Comeback.Ā I’m still betting that there will be some ponzinomics created on top of restaking-fi or LRT-fi as restaking protocols are forced to look for ways to enhance their yield.

  2. A Berachain App Creates a New DeFi Ponzinomics.Ā Proof-of-Liquidity will bring experimentation back to DeFi. The key is how to expand this excitement to more than just the DeFi nerds (please don’t be another Curve war).

  3. OP & ARB Lose TVL to New L2s and L1s.Ā New chains such as Movement, Bera, Monad, and others will have more TVL than Optimism and Arbitrum by the end of 2025.

  4. No Significant Stabelcoin Acquisition.Ā After Bridge acquisition by Stripe, the mid curve take is to think that such an acquisition will be a ā€œstandardā€ moving forward. Reminder: Bridge is a unique case (exceptional founder, hard to get licenses, and somewhat of an acquihire) — most stablecoin founders are best serving the eurodollar offshore market.

  5. Move Is The Next Rust.Ā Movement, Sui, and Aptos will lead the way for a new generation of onchain applications. The language and ecosystem will foster its own developer culture, similar to Solana and Rust in the early days.

2025 will be an even more exciting year for crypto.

Now that regulatory concerns areĀ somewhatĀ out of the way, we have a lot of work to do. We're truly in the roaring 2020s (have you seen CES?!), and it would be a shame if crypto is not further integrated with other technologies of this decade.

Ā 

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šŸ¤–Can Decentralized AI Stop Big Tech from Owning the Future of Robotics?šŸ¤–
The race to build the future of robotics is no longer just about robots. It's about who controls the intelligence behind them.
Ā 
Over the last three years, a small group of companies has emerged as the backbone of the AI revolution. Microsoft provides cloud infrastructure. NVIDIA supplies the chips. Google, OpenAI, Anthropic, Meta, and others develop the models. Together, they control much of the compute, data, and software stack powering modern AI.
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Will these same companies end up controlling robotics too?
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It's a valid concern.
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The latest generation of robots relies on enormous amounts of compute, simulation, training data, and foundation models. Many robotics startups today are built on infrastructure provided by large technology companies. NVIDIA's Omniverse is becoming a key simulation environment for robot training. Microsoft Azure is powering the training of robotics foundation models. Physical AI startups increasingly depend on hyperscale cloud infrastructure to train and deploy intelligent systems. Recent partnerships across the industry show just how central Big Tech has become to robotics development.
But while Big Tech is building the highways, another movement is trying to ensure it doesn't own every destination.
Ā 
That movement is decentralized AI.
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Why Decentralized AI Exists
Ā 
The idea behind decentralized AI is simple. Instead of a handful of companies owning the models, compute infrastructure, data pipelines, and intelligence networks, these resources are distributed across thousands of participants.
Ā 
This means anyone can contribute compute, contribute models, validate outputs and can participate.
The most visible example today is the decentralized AI network known as Bittensor (@bittensor). The network has evolved into a large ecosystem of specialized AI markets called subnets, where participants compete to provide useful machine intelligence and are rewarded based on performance. Rather than relying on a single company, intelligence is generated and validated by a distributed network of miners and validators.
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Think of it as an attempt to build an open marketplace for AI instead of a world where intelligence is rented from a few centralized providers.
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Why This Matters for Robotics
Ā 
Robotics has a unique problem. Unlike chatbots, robots operate in the physical world. They need to perceive environments, make decisions, move safely and they need to learn continuously.
Ā 
The challenge is that collecting and training on real-world robotic data is incredibly expensive. That's one reason large companies have such an advantage. They can afford the compute, simulation environments, and data infrastructure needed to train robotics models at scale.
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This is where decentralized systems become interesting.
Ā 
Instead of one company collecting all the data and training all the models, decentralized networks could allow thousands of contributors to participate in building robotic intelligence.
Ā 
Imagine a future where:
  • Warehouse robots contribute operational data.
  • Delivery robots contribute navigation data.
  • Factory robots contribute manipulation data.
  • Developers contribute models.
  • Validators evaluate performance.
The resulting intelligence becomes a shared network rather than a proprietary asset.
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That vision is beginning to emerge.
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Bittensor's Move Toward Physical AI
Ā 
While many people associate Bittensor (@bittensor) with language models and AI services, parts of the ecosystem are increasingly exploring embodied intelligence and robotics.
Ā 
One example is Kinitro, a subnet focused on incentivizing the training and evaluation of embodied AI systems. The goal is to create competitive environments where developers build robotic intelligence and are rewarded based on performance.
Ā 
The broader Bittensor ecosystem has also expanded into compute marketplaces, distributed inference systems, bandwidth infrastructure, and AI coordination layers that could eventually support robotics workloads. Several subnets now focus on decentralized compute, confidential inference, data transfer, and model training, critical components for future robotic systems.
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In other words, the pieces are starting to appear.
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Not a decentralized robot network yet.
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But the infrastructure that could support one.
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Beyond Bittensor: The Rise of Physical AI Networks
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Bittensor isn't alone.
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Across the industry, researchers and builders are experimenting with decentralized approaches to physical AI.
Ā 
New research published in 2026 introduced the concept of DAO-enabled decentralized physical AI, or DePAI. The idea combines robotics, decentralized infrastructure, AI models, governance systems, and human oversight into a single framework. Instead of centralized control, robots and physical infrastructure could be coordinated through transparent rules and distributed ownership models.
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At the same time, developers are exploring decentralized operating systems for robots that allow machines to communicate directly with each other and with distributed compute resources. These architectures are designed to make robotic systems more resilient and less dependent on a single cloud provider.
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The goal is not simply decentralization for its own sake.
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The goal is resilience.
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If one server fails, the system continues.
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If one company disappears, the network survives.
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If one participant leaves, innovation continues.
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But Here's the Reality
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Decentralized AI faces the same challenge every decentralized technology faces.
Ā 
Big Tech has resources. A lot of resources.
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Training advanced robotics models requires enormous compute budgets, sophisticated simulation environments, access to specialized hardware, and vast amounts of real-world data.
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That's why many robotics startups still partner with major cloud providers and AI companies. It's often the fastest path to deployment.
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And there are legitimate concerns about whether decentralized networks can maintain quality, reliability, and security at the scale required for industrial robotics. Even researchers studying decentralized AI systems have highlighted risks around concentration, incentives, governance, and network security.
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The challenge isn't just decentralizing intelligence.
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It's decentralizing intelligence while maintaining performance.
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That's much harder.
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The Most Likely Outcome
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The future probably won't be fully centralized. And it probably won't be fully decentralized either. Instead, we're likely heading toward a hybrid model.
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Large technology companies will continue providing chips, cloud infrastructure, simulation platforms, and foundational research.
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At the same time, decentralized AI networks will emerge as alternative coordination layers where intelligence, data, and economic value can be shared more openly.
Ā 
The companies building robots may use NVIDIA hardware.
Ā 
Train on Azure.
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Run foundation models from OpenAI.
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But they may also participate in decentralized data networks, decentralized compute markets, and decentralized intelligence protocols.
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The future of robotics could end up looking less like a monopoly and more like an ecosystem.
Ā 
The Bigger Question
Ā 
The real question isn't whether decentralized AI can eliminate Big Tech.
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It can't.
Ā 
At least not anytime soon.
Ā 
The real question is whether decentralized AI can prevent a future where a handful of companies control every robot, every model, every dataset, and every decision made by the machines operating around us.
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As robots become workers, assistants, delivery drivers, factory operators, and even economic agents, that question becomes increasingly important.
Ā 
Because the battle for the future of robotics is no longer about hardware.
Ā 
It's about who owns the intelligence.
Ā 
And that battle is just getting started.
Ā 
Ā 

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Navigating the world of blockchain 🧭
Navigating the world of blockchain can feel like learning a completely foreign language. Between technical jargon and fast-moving Web3 terminology, getting started can be overwhelming.

Whether you are exploring digital assets, building on-chain, or simply trying to understand decentralized technology, here is your foundational glossary of essential blockchain terms every beginner should know.

šŸ›ļø 1. Core Architecture: The Base Layer

  • Blockchain: A distributed, immutable digital ledger that records transactions across a peer-to-peer network of computers. Once data is written to a block and added to the chain, it cannot be altered without altering all subsequent blocks.
  • Block: A collection of verified transactions grouped together. Once filled, the block is cryptographically linked to the previous one, forming a chronological "chain."
  • Node: An individual computer connected to a blockchain network that helps validate transactions, store ledger data, and maintain network consensus.
  • Consensus Mechanism: The set of rules and algorithms that network nodes use to agree on the validity of transactions.

    • Proof of Work (PoW): Requires miners to solve complex mathematical puzzles using computational power (e.g., Bitcoin).
    • Proof of Stake (PoS): Requires validators to lock up ("stake") native tokens as collateral to participate in block validation (e.g., Ethereum).

šŸ”‘ 2. Ownership & Security: Wallets and Keys

  • Public Key (Address): An alphanumeric string that acts like your bank account number or email address. It is safe to share publicly so others can send you digital assets.
  • Private Key: A secret cryptographic passphrase or key that grants full access and control over your wallet assets. Never share your private key or seed phrase with anyone.
  • Seed Phrase (Recovery Phrase): A sequence of 12 to 24 random words generated when you set up a wallet. It acts as the master backup key to restore your wallet and access your funds on any device.
  • Hot Wallet vs. Cold Wallet:

    • Hot Wallet: A software-based crypto wallet connected to the internet (e.g., browser extensions, mobile apps), making it convenient for frequent transactions but higher risk.
    • Cold Wallet: An offline hardware device (e.g., Ledger, Coldcard) designed to isolate private keys from internet-connected threats.

āš™ļø 3. Execution & Functionality: Smart Contracts and Apps

  • Smart Contract: Self-executing code stored on a blockchain that automatically enforces agreement terms once predetermined conditions are met—eliminating the need for intermediaries.
  • dApp (Decentralized Application): Applications built on top of a blockchain network that run via smart contracts rather than centralized cloud servers.
  • Gas Fees: Network transaction fees paid to validators or miners to cover the computational energy required to process actions on a blockchain.
  • Layer 1 vs. Layer 2:

    • Layer 1 (L1): The underlying primary blockchain network (e.g., Bitcoin, Ethereum, Solana) that handles base security and finality.
    • Layer 2 (L2): Secondary frameworks or companion networks built on top of an L1 to increase transaction speeds and lower gas fees (e.g., Arbitrum, Optimism, Base).

šŸ’° 4. Financial & Market Concepts

  • Tokenomics: The economic design, supply dynamics, utility, and distribution model of a cryptocurrency or token project.
  • DeFi (Decentralized Finance): Financial services—such as lending, borrowing, trading, and earning interest—built on smart contracts without traditional banks or financial intermediaries.
  • Liquidity: The ease with which an asset can be bought or sold in a market without significantly impacting its price.
  • DYOR (Do Your Own Research): A foundational golden rule in the Web3 space reminding users to independently verify technical code, whitepapers, and team backgrounds before making any capital commitments.

šŸ’” Quick Cheat Sheet

"Not your keys, not your coins."

If you do not hold the private keys or seed phrase to your digital wallet, you do not truly own the assets inside it—a centralized entity or exchange does. Always prioritize security first as you explore the space.

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AI Is Coming for Your Job Title

Artificial intelligence may or may not take your job, but it has already broken into the human resources department and vandalized the org chart.

The evidence is all overĀ LinkedIn, where perfectly serviceable occupations now arrive wearing titles such as ā€œforward-deployed and agentic AI architect.ā€ That person may be building sophisticated software. They may also be helping a chatbot remember what happened three prompts ago. Either way, somebody approved the business cards.

The expanding AI lexicon offers a useful counterpoint to the darker debate about technology and employment. Most discussion centers on how many jobs AI will eliminate. Hiring data presents a more complicated picture that includes a weak overall labor market containing a small but rapidly growing neighborhood of AI-related work.

Indeed Hiring LabĀ found that the number of postings onĀ IndeedĀ mentioning AI surged 134% from its February 2020 level by the end of 2025, even as total postings stood only 6% above that benchmark. AI appeared in a record 4.2% of Indeed postings in December.

AI, in other words, is not merely changing work. It is adding syllables to it.

The Titles Employers Actually Want

The undisputed champion isĀ AI engineer, which ranked No. 1 onĀ LinkedIn’s 2026 Jobs on the Rise list. The ranking, based on growth during the previous three years, also highlighted AI consultants and strategists, AI and machine-learning researchers and data annotators.

The title is popular partly because it is wonderfully accommodating. An AI engineer might build applications around large language models, connect corporate data to an AI system, improve model performance or spend Thursday afternoon persuading a customer service bot not to offer refunds for products the company doesn’t sell.

Indeed’s data showed the terminology spreading beyond Silicon Valley. Nearly 45% of data and analytics postings contained an AI-related term at the end of 2025, along with roughly 15% of marketing postings and 9% of human resources listings. A more recent Indeed analysisĀ reportedĀ by Business Insider found that the number of frequently advertised job titles explicitly referencing AI rose from 264 in 2022 to 822 in the first quarter of 2026. Nearly two-thirds were outside traditional technology fields.

That produces titles such as AI marketing manager, AI learning specialist, responsible AI counsel and AI transformation lead. These are not always new occupations. Frequently, they are familiar jobs that have discovered a highly effective rƩsumƩ keyword.

LinkedIn data cited by theĀ World Economic ForumĀ estimated that AI investment has supported 1.3 million positions, including AI engineers, data annotators and forward-deployed engineers, plus more than 600,000 AI-enabled data center jobs. The server racks, unlike the chatbots, still need electricians.

The Jobs With the Science-Fiction Salaries

At the upper end, AI has created a compensation market that resembles professional sports, except the competitors wear hoodies and discuss inference latency.

AĀ Syracuse University reviewĀ put chief AI officer compensation between $200,000 and more than $500,000, while specialized roles can exceed $400,000 after bonuses and equity. Frontier research engineers, AI infrastructure specialists and engineers who can train or deploy advanced models command some of the largest packages.

Then there is theĀ forward-deployed engineer, an oldĀ PalantirĀ title that the AI boom has placed on a rocket sled. These engineers embed with customers, translating an executive’s desire to ā€œdo something with AIā€ into software that works.Ā The Next WebĀ reported that Indeed postings for the role were about 19 times higher in January than a year earlier.

AĀ CTO guideĀ from the blog Signal Through the Noise placed forward-deployed engineer compensation between $238,000 and $700,000, research-engineering packages as high as $1.4 million and chief AI officer compensation above $1 million in some cases. It also made a less flattering observation: Many lavishly differentiated titles describe the same three basic functions. People build AI products, train models or keep the infrastructure from catching fire.

The Department of Unnecessary Titles

AI has created some genuinely new work.Ā Evals engineersĀ design tests to determine whether models perform reliably.Ā AI red teamersĀ try to make systems fail before customers do.Ā Model behavior engineersĀ study why an AI system responds as it does.Ā AI governance leadersĀ manage risks involving data, bias, security and regulation.

Other titles seem to have escaped from a brainstorming retreat.

There is theĀ Claude Evangelist, whose mission apparently combines product education with the traditional duties of an apostle. There areĀ vibe coders, who build software by describing what they want and accepting AI-generated code with varying degrees of supervision. ā€œVibe engineerā€ is the more respectable version, roughly equivalent to putting on a blazer before asking the machine to fix the login page.

ā€œContext engineerā€ is a real discipline involving the data, instructions, memory and tools supplied to AI models. ā€œPrompt engineer,ā€ once advertised as a possible six-figure profession for gifted chatbot whisperers, is increasingly treated as one skill inside a broader AI role.

The CTO guide also identified ā€œbuilder,ā€ ā€œAI-native developer,ā€ ā€œRAG engineer,ā€ ā€œagentic AI engineerā€ and ā€œprincipal agentic GenAI forward-deployed context architect,ā€ the last of which appears to require both technical proficiency and exceptional lung capacity.

Has AI created entirely new jobs? Absolutely. Some occupations, including AI safety, evaluation and model governance, exist because modern generative systems introduced new technical and business problems. However, many job titles are old jobs with fresh vocabulary, higher salary bands and a sudden aversion to the words ā€œsoftware developer.ā€

That may be the safest prediction about AI and employment. The machines will automate some tasks, generate others and force companies to rethink the division of labor. Before any of that is settled, however, corporate America will form a steering committee, appoint a chief agentic transformation evangelist and schedule a meeting to determine what that person does.

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