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News on Medial
Sam Altman says Meta has offered some OpenAI employees $100 million signing bonuses.
The Verge
·
1m ago
Medial
Sam Altman revealed that Meta has offered $100 million signing bonuses to some OpenAI employees. However, none of OpenAI's top employees have accepted these offers. Altman shared these insights during his brother's podcast episode.
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Culture Clash: Altman Rips Zuckerberg Over Massive Compensation Packages
StartupTalky
·
1m ago
Medial
Sam Altman, CEO of OpenAI, criticized Meta Platforms' aggressive recruitment tactics, particularly their offering of up to $100 million signing bonuses to poach OpenAI talent. Altman argued that such high compensation packages don't foster the right work culture or innovation essential for long-term AI success. Despite Meta's offers, many OpenAI employees remain due to mission-driven motivations. OpenAI is planning an open AI model release, which might further distance Meta in the AI competition.
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OpenAI reportedly ‘recalibrating’ compensation in response to Meta hires
TechCrunch
·
1m ago
Medial
OpenAI is reportedly recalibrating its compensation structure after Meta poached several of its senior researchers. OpenAI's Chief Research Officer Mark Chen reassured employees that the leadership team is actively addressing this issue. In a Slack memo, Chen outlined efforts with CEO Sam Altman to engage with team members holding offers and find innovative ways to retain top talent. Reports indicate that eight researchers left for Meta, with speculations of substantial signing bonuses involved.
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OpenAI gives some employees a ‘special’ multimillion-dollar bonus
The Verge
·
2d ago
Medial
OpenAI CEO Sam Altman announced a special multimillion-dollar bonus for some employees due to the competitive AI talent market. The bonuses target researchers and engineers in specific teams and vary based on role and seniority. Top researchers could receive mid-single-digit million payouts, while engineers may get hundreds of thousands on average. Around 1,000 employees qualify for this bonus, which can be received in cash, stock, or both, distributed quarterly over two years.
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OpenAI Cofounder Reid Hoffman gives Sam Altman a vote of confidence
Wired
·
1y ago
Medial
OpenAI cofounder Reid Hoffman expressed his surprise at the board's decision to fire Sam Altman as CEO and stated that having Altman back in the role is better for the company. Hoffman, who left OpenAI's board earlier this year, made these comments during a panel discussion at WIRED's LiveWIRED 30th anniversary event. He also highlighted the unprecedented support Altman received from employees, with 100% of them signing a letter requesting his reinstatement. The panel discussion covered various topics including AI regulation and the role of AI in society.
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OpenAI researchers get job offers from Salesforce CEO, Sam Altman replies
Livemint
·
1y ago
Medial
Salesforce CEO Marc Benioff has offered to match the cash and equity of OpenAI researchers, trying to attract them to join his company's Einstein AI research team. Benioff's offer came amid the controversy surrounding the control of OpenAI. He even responded to OpenAI employees threatening to join Microsoft, assuring them that they won't have to use Microsoft Teams at Salesforce and can use Slack instead. Meanwhile, former OpenAI CEO Sam Altman stated that all of his former employees will be working together in some capacity, expressing unity and commitment.
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Sam Altman: “I don’t like smart glasses.”
The Verge
·
1m ago
Medial
OpenAI CEO Sam Altman, attending the Sun Valley conference, expressed his dislike for smart glasses, even while wearing a bold pair he insisted were not smart. He hinted at promising OpenAI hardware developments without elaboration. Altman also mentioned a talent rivalry with Meta, acknowledging no conversation with Mark Zuckerberg after Meta poached some OpenAI engineers. Additionally, Altman stated feeling unrepresented by the Democratic Party, sharing his views in discussions at the conference.
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OpenAI apparently hasn’t actually received Elon Musk’s acquisition offer.
The Verge
·
5m ago
Medial
Elon Musk offered to acquire OpenAI for $97.4 billion, but OpenAI has not received a formal proposal. Sam Altman informed employees that the board, which he is part of, has no official offer and plans to reject the bid if it comes. OpenAI staff reacted with fear and frustration over Musk's acquisition news.
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Microsoft offers jobs to OpenAI employees
Hindustan Times
·
1y ago
Medial
Recent reports from insiders of OpenAI is that Microsoft has offered jobs to all OpenAI employees who are willing to join after their lost confidence in their board which fired Sam Altman. This could lead to a free-fall of the hot OpenAI and chat-GPT. Speculations are that Microsoft will launch its own wing to compete with OpenAI's chat-GPT.
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Why are Elon Musk and Sam Altman fighting?
Inshorts
·
5m ago
Medial
Elon Musk co-founded OpenAI with Sam Altman in 2015 but later parted ways with OpenAI. Musk repeatedly attacked Altman for prioritising profits over AI's ethical development. In 2017, Musk sought to become OpenAI's CEO, but co-founders rejected the idea. Musk launched OpenAI's rival xAI in 2023. Recently, Musk offered to buy OpenAI for $97.4 billion, but Altman rejected the offer.
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Big Tech's ride to the right: Sam Altman says he doesn't align with Democratic party anymore - The Economic Times
Economic Times
·
1m ago
Medial
OpenAI CEO Sam Altman declared himself "politically homeless," distancing from the Democratic Party and emphasizing a commitment to techno-capitalism and innovation. Altman argues the Democratic Party no longer aligns with promoting innovation and widespread wealth distribution. Many tech leaders have reportedly shifted right, favoring economic incentives offered by Republicans. The Biden administration's stance on Big Tech regulation has contributed to disenchantment among tech CEOs. Altman advocates for prosperity inclusive of technological advancements for all.
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