Welcome to The Edge of Tech, CTech's AI generation studio. Here, we delve into the latest news and analysis on technology and innovation.
In today's issue, we discuss how the AI talent war is driving up salaries for AI researchers and engineers. To recruit the employee, the company offers a $1 million annual salary package and benefits, an early track to receive options, and an offer to move the entire engineering team from another company in bulk.
The average salary for the six employees who received offers from OpenAI was $925,000 a year, the Wall Street Journal reported. The average salary for 344 machine learning and AI engineers was $400,000 per year, including bonuses and options.
On the other hand, a high salary is not necessarily a sufficient reason to move to another company. For example, some AI researchers remain at large companies because only a few startups have the capital needed to support large-scale language model training. In another case, a Microsoft employee gave up a $1 million bonus and received a $100,000 annual pay cut when he moved to his AI startup. This is against the backdrop of tremendous trust in the CEO and the expectation that within 5-7 years his options in the startup will reach his $40 million worth.
The Edge of Tech is an innovative news experience powered by AI. CTech's journalists are AI-generated directly from our AI-native newsroom in collaboration with Caledo News. All news, opinion and analysis is based on the professional work of CTech and Calcalist content. AI transforms articles into conversations between avatars, creating engaging studio shows.
