The top players in a field with a lot of commercial potential can claim high salaries, even for doing quasi-academic research mostly on things they want to research. That said, I'm reminded the champion of the effective altruism movement made his name arguing that charities ought to rigorously audit their efficiency in turning donations into results before recommending $30m of foundation cash went to this particular…
OpenAI is funded by a few VCs and big name tech leaders. It got to be a research incubator and pay well otherwise everyone will go off to a big tech company. To some extent they can focus on research as directed by the board as well. Otherwise you wait for academics to publish something OR for people to leave the big techs.
A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
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Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#52Genuine questions for those participating in this market (on either side): -How is the performance of $1M AI researchers measured? Like, at their six month review, what do you look at to tell if your money is being well spent? -How do you tell if it makes more sense to hire 1 famous AI researcher vs 10 additional junior data scientists? What sort of products are suited to different hiring strategies? -How much of $1M…
It seems more akin to building a labor war chest, i.e. filling your company with the best AI talent so that your competition can not hire them. You might not have an exact plan for what to do now, but there's no reason not to build up a talented team of engineers in a hot field when you've got effectively unlimited money and resources.
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#53"Mr. Zaremba said big tech companies were offering him two or three times what he believed his real market value was" Seems this fellow knows a whole lot more about computers than he does markets hahaha
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#54So a tiny handful of top performers - plausibly few enough that you could fit them all on a schoolbus - in an ultra-hot technical field are raking in huge sums, for the moment. Unless you are a top professor at an R1 research university or have a PhD from an R1 university studying under the other top minds in the field or are otherwise in the most elite fraction of the profession, it doesn't sound like this is partic…
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#55Not unusual for people at the top of their game. I just turned down a 2M a year offer, and I have a friend who is making 2.9M USD. It's just a value proposition, he makes the company a lot more than 2.9 million a year, and when you negotiate you negotiate on value (and not on time) then you can justify these salaries.
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#56Good AI easily can carry a $1B valuation, so a few million for you talent makes sense.
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#57Genuine questions for those participating in this market (on either side): -How is the performance of $1M AI researchers measured? Like, at their six month review, what do you look at to tell if your money is being well spent? -How do you tell if it makes more sense to hire 1 famous AI researcher vs 10 additional junior data scientists? What sort of products are suited to different hiring strategies? -How much of $1M…
Like they say in the article “When you hire a star, you are not just hiring a star, You are hiring everyone they attract. And you are paying for all the publicity they will attract.”
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#58Earlier quoted context omitted.
It's experience in the two examples I gave : I singlehandedly built my company : RAMM Science ( https://ramm.science ) And he singlehandedly built one of Europes largest online betting system backends (and scaled it to 800 transactions a second using Deep Learning, Kafka and a Hadoop cluster)
So I can do 800 credit card transactions a second I should get a 100x raise? I knew I was underpaid, but not that much ! :P
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#59So a tiny handful of top performers - plausibly few enough that you could fit them all on a schoolbus - in an ultra-hot technical field are raking in huge sums, for the moment. Unless you are a top professor at an R1 research university or have a PhD from an R1 university studying under the other top minds in the field or are otherwise in the most elite fraction of the profession, it doesn't sound like this is partic…
They say that OpenAI are forced to disclose the salaries. Does anyone have a link to the source, to the document with the disclosed salaries? I'd be curious to see the range.
Re: A.I. Researchers Are Making More Than $1M, Even at a Nonprofit
#60Earlier quoted context omitted.
What qualifications or degrees do these people posses?
Degrees don't matter. (Business focused) results and a track record of delivering do. Still impressive remuneration though -- he must be adding tens of millions in profits to the bottom line.