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$100M AI Talent Wars: Meta vs. OpenAI Heats Up Over Sky-High Signing Bonuses


CTO Opinion

Business Fortune: Meta vs OpenAI in $100M AI Talent Wars

Sam Altman of OpenAI calls Meta's $100 million offers "ludicrous," while Meta's CTO refers to them as the new market price for top AI brains.

Chief technology officer (CTO) Andrew Bosworth of Meta claims that OpenAI has been turning down those ridiculous ideas. He said that Altman failed to disclose that he is rejecting such offers in an appearance with CNBC's "Closing Bell: Overtime" on Friday.

The OpenAI CEO recently disclosed that Meta was offering massive signing bonuses to his employees during an interview on his brother's podcast, "Uncapped with Jack Altman."

The CEO would not say if OpenAI had opposed the signing bonuses in an attempt to retain their top employees, but he did state that none of their best employees had taken offers from Meta. Requests for comment were not answered by OpenAI or Meta.

"The market is setting a price for the best AI expertise," said Meta's CTO, referring to these significant signing incentives. According to Bosworth, in my 20 years as a technology executive, the market is establishing a pricing for a level of expertise that is truly amazing and rather unheard of. They deserve a lot of credit, though, for putting in the time and effort to develop a technology that was unproven five or six years ago. They have now established themselves as a relatively small group of individuals capable of commanding a significant premium on the market for the talent they have produced.

On June 12, the social media company said that it had spent $14.8 billion to purchase a 49% stake in the data startup Scale AI, as it continues to advance artificial intelligence.

According to Peter Kafka, chief media and tech reporter for Business Insider, the move appears to be an expensive purchase of Alexandr Wang, the CEO of Scale AI, and a number of the data company's top employees.

According to Bosworth, the high offers for AI talent will push others to advance their skills, which will change the figures in a few years, he told CNBC. It's a comparatively small number today, he continued, and he believes they deserve it.


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