Funding is so plentiful right now that they are really competing with acquihire rates. That amount might sound crazy as straight salary, it comes with multi-year golden handcuffs and avoids having to buy them out for billions if they go start their own endeavor.
A.I. researchers are negotiating $250M pay packages
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Re: A.I. researchers are negotiating $250M pay packages
#62Do you need any more signs, or is it clear now? For me the Meta storm of billions in hiring was enough to start selling any tech giant related stock. It is about to crash, harder than ever.
Where would put their money into though? It’s such a weird economy, especially with the expected decrease in younger population.
European defense stocks seem like a pretty good bet right now.
Re: A.I. researchers are negotiating $250M pay packages
#63Imagine if any one of these tech companies decided the future was in solving problems for humanity rather than how to serve adverts in a future where content was autogenerated. The money and resources they have available is astronomical. Instead they spend it on future proofing their profits. What a sad world we have built.
At the same time, asking them to solve social problems with money and technology and dubious morality doesn't look like the way forward either. Very aptly, the Manhattan Project or Space Race weren't aimed at the improvement of mankind per se. Motivation was a lot more specific and down to earth.
It’s all a bit depressing that we have the ability to do so much as a species but we don’t work together.
Re: A.I. researchers are negotiating $250M pay packages
#64It's still peanuts compared to what owners make when their startup goes big. Seems reasonable that there's still room for small startups in AI with smarter approaches that don't require Manhattan project scale at a big company. Whether successful startups should sell out to big companies or become one themselves is the 64 billion question.
Re: A.I. researchers are negotiating $250M pay packages
#65Interestingly about 190.000 is what our prime minister makes and where public service salaries are capped here in the Netherlands.
Edit oops, knowledge was outdated, it’s about 270.000.
Re: A.I. researchers are negotiating $250M pay packages
#66This is all about industrial robotics. In order to train robotics AI, Zuckyrberg must create realistic "embodied" farmvilles for users to play. This is likely the only path to robotics for facebook, hence the ballistic spending.
Re: A.I. researchers are negotiating $250M pay packages
#67why the negativity? no one bats an eye when ronaldo/messi or steph curry or other top athletes get insane salaries. These AI researchers will probably have far more impact on society (good or bad I dont know) than the athletes, and the people who pay them (ie zuck et al) certainly thinks its worth paying them this much because they provide value.
They do bat an eyelid, many leagues even introduce salary caps in order to quell the negative side effects of insane salaries in sports.
ok maybe bat an eyelid,
but I dont see news articles about athletes in such negativity, citing their young age etc.
Re: A.I. researchers are negotiating $250M pay packages
#68Do you need any more signs, or is it clear now? For me the Meta storm of billions in hiring was enough to start selling any tech giant related stock. It is about to crash, harder than ever.
Where would put their money into though? It’s such a weird economy, especially with the expected decrease in younger population.
Stock buybacks and cryptocurrency are ways to circumvent the Fed's monopoly on currency. The US is not a single monetary economy anymore, it's several. None of the economic analysis institutions know work anymore.
We're sailing uncharted waters, all bets are off.
Re: A.I. researchers are negotiating $250M pay packages
#69why the negativity? no one bats an eye when ronaldo/messi or steph curry or other top athletes get insane salaries. These AI researchers will probably have far more impact on society (good or bad I dont know) than the athletes, and the people who pay them (ie zuck et al) certainly thinks its worth paying them this much because they provide value.
Ronaldo competes in a sport that has 250 million players (mostly for leisure purposes) worldwide, who often practice daily since childhood, and still comes out on top.
Are there 250 million AI specialists and the ones hired by Meta still come out on top?
Re: A.I. researchers are negotiating $250M pay packages
#70Not to make less of the guy, but aside from being a winner of a paper contest, the other ventures do not seem very novel: a startup to create AI agents that can use the Internet? Seems…common.