Tesla investors are anxious due to Elon Musk's renewed feud with Donald Trump, which has impacted stock prices negatively after Trump's comments on government assistance to Musk. The anticipated release of Tesla's second-quarter vehicle delivery numbers adds to investor tension. Concurrently, a bidding war for elite AI talent has emerged, with companies like Meta and OpenAI offering unprecedented compensation ranging from $8 to $20 million to attract top machine-learning engineers. This hiring frenzy is being compared to sports franchise competitions, significantly altering the landscape of tech recruitment.
"I would describe them as in a state of shock," said Deedy Das, an AI investor at Menlo Ventures. He was talking about three of his friends who are machine-learning engineers or AI researchers - Das said they've all been offered between $8 and $20 million in total compensation a year to join Meta. "It's honestly hard to digest."
Tech companies have long paid top dollar for elite talent, but the recent hiring frenzy has been on an entirely different level. And it seems AI talent can't start soon enough. "They're pressuring them to drop out of school," says Bill Aulet, a managing director at MIT.
Comparisons have been drawn between the bidding war for AI talent and sports franchises competing for star athletes, with some on X suggesting that researchers hire agents to represent them.
The first sign of this new, turbo-charged war for AI talent came when Meta recruited Scale AI CEO Alexandr Wang last month as part of a $14.3 billion deal to take a 49% stake in his company.
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