VR Is the Fastest-Growing Skill for Online Freelancers
(Bloomberg) -- As the world's tech giants invest heavily in virtual reality, the relatively few workers who specialize in the nascent field are seeing big benefits.Â
Demand for online freelancers with VR expertise grew far faster than for people with any other skill last quarter. Billings on VR projects grew more than 30-fold from the same period a year earlier, according to U.S. data provided by Upwork Inc.'s website that connects freelancers with employers.
VR has so far struggled to break into the mainstream, with the technology largely confined to high-end video gaming. Facebook Inc., which bought VR headset maker Oculus in 2014 for $2 billion, has already been lowering prices for the Oculus headset and is working on a more consumer-friendly version to be sold next year.Other companies that make VR goggles include Samsung Electronics Co., Alphabet Inc.'s Google and Sony Corp.Â
Overall, tech-related skills accounted for nearly two-thirds of Upwork's list of the 20 fastest-growing skills. Specialties related to artificial intelligence, such as natural language processing, neural networks and image processing, dominated the top of the list. People who specialize in econometrics, a subspecialty of economics that involves building mathematical models to explain and predict the real world, also saw a big spike in demand for their work.Â
To be sure, the market for many of these kinds of workers is still small, growing from a pool that was basically nonexistent just a year ago. For example, there are just over 2,500 freelancers on Upwork's site now who list VR as one of their skills, compared with 106 individuals at this point last year.Â
To contact the editor responsible for this story: Aki Ito at aito16@bloomberg.net, Molly Schuetz
-
The Economic Imperative: Analysing The Material Driving Force Behind India-Canada Strategic Reset
This economic complementarity is further reinforced by deep institutional investment ties and talent mobility, which form the bedrock of the bilateral framework.
-
Medicine Pricing: Where Must Profit Stop?
India must confront excessive margins, hidden incentives and regulatory gaps that threaten the integrity of medicine.
-
Why Amazon And Flipkart Are Struggling To Beat Meesho In India's Smaller Cities
With 274 million users and lowest-cost logistics, Meesho is defending its value commerce crown against giants like Amazon and Flipkart.
-
High US Salaries, No Green Card Certainty: The Financial Calculation Facing Indian H-1B Families
The suspension of PERM processing at eight technology employers does not cancel existing H-1B visas. What it does is force a question many Indian families have been avoiding: is the US salary worth tying your career and family plans to one employer?
-
Swiggy vs Eternal: Food Delivery's Two Rivals Are No Longer In The Same Race
Eternal is building a private AI assistant, dark.ai. Swiggy is still working out how to make Instamart pay, with an operating loss of Rs 895 crore in the July-September quarter while Blinkit stayed profitable.
-
Where You Live Shapes How You Get To Work | The Reason Why
Two-wheelers are the most popular way to get to work in India, accounting for nearly 43% of workplace commutes.
-
Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
-
Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
-
India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
-
France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.