Ask HN: Advise for Masters Student Specializing in ML

I would be starting my Masters in CS from Georgia Tech this fall. I currently have 2 years of experience as a Software Developer at Oracle. The main reason for joining Masters is to learn ML and transition into applied ML roles. What should I do to optimize my learning and improve my chances of landing good jobs once I finish Masters? Would I need a thesis/projects/relevant coursework?

Also, ML currently is a vast and fast moving field. How to keep myself relevant/updated with the latest advances as a student?