Earlier quoted context omitted.
A very major difference is that top athletes bring in real tangible money via ticket / merch sales and sponsorships, whereas top AI researchers bring in pseudo-money via investor speculation. The AI money is far more likely to vanish.
It's best to look at this as expected value. A top AI research has the potential to bring in a lot more $$ than a top athlete, but of course there is a big risk factor on top of that.
A.I. researchers are negotiating $250M pay packages
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Re: A.I. researchers are negotiating $250M pay packages
#142Earlier quoted context omitted.
I think we’d need a major war or a pandemic of sorts because we have become pretty good at maintaining such bubble inflated. Whenever and however it comes, it’s going to be a bloodbath because we haven’t had a proper burst since 2008. I don’t count 2020.
Eventually people might consider that just maybe... it's not a bubble...
AI is great and it's the future, and a bunch of people will probably eventually turn it into very powerful systems able to solve industrially important maths and software development problems, but that doesn't meant they'll make huge money from that.
Re: A.I. researchers are negotiating $250M pay packages
#143I take this as a contrarian signal that Meta has hit serious roadblocks improving their AI despite massive data advantages and are throwing a bunch of "Hail Mary" desperation passes to achieve meaningful further progress.
Just a thought:
Assuming that Meta's AI is actually good. Could it rather be that having access to a massive amount of data does not bring that much of a business value (in this case particularly for training AIs)?
Evidence for my hypothesis: if you want to gain a deep knowledge about some complicated specific scientific topic, you typically don't want to read a lot of shallow texts tangentially related to this topic, but the few breakthrough papers and books of the smartest mind who moved the state of art in the respective area. Or some of the few survey monographs of also highly smart people who work in the respective area who have a vast overview about how these deep research breakthroughs fit into the grander scheme of things.
Re: A.I. researchers are negotiating $250M pay packages
#144These figures are for a very small number of potential people. This leaves out that frontier AI is being developed by an incredibly small number of extremely smart people who have migrated between big tech, frontier AI, and others. Yes, the figures are nuts. But compare them to F1 or soccer salaries for top athletes. A single big name can drive billions in that context at least, and much more in the context of AI. $5…
Re: A.I. researchers are negotiating $250M pay packages
#145Re: A.I. researchers are negotiating $250M pay packages
#146How can I get one of these jobs? I am currently an OK web dev.
Re: A.I. researchers are negotiating $250M pay packages
#147These figures are for a very small number of potential people. This leaves out that frontier AI is being developed by an incredibly small number of extremely smart people who have migrated between big tech, frontier AI, and others. Yes, the figures are nuts. But compare them to F1 or soccer salaries for top athletes. A single big name can drive billions in that context at least, and much more in the context of AI. $5…
Re: A.I. researchers are negotiating $250M pay packages
#148Re: A.I. researchers are negotiating $250M pay packages
#149How can I get one of these jobs? I am currently an OK web dev.