
AI talent wars: Altman's OpenAI poaches top engineers from Musk, Zuckerberg firms

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Time of India
35 minutes ago
- Time of India
TCS gives out variable pay! Over 70% employees to get 100% variable; no decision yet on salary hikes
At TCS, the hierarchical structure begins with Y grade for trainees, progressing to C1 for systems engineers. TCS variable pay: In good news for a majority of its employees, Tata Consultancy Services (TCS), India's largest IT services firm, will give 100% variable pay out to around 70% of its staff for the April to June quarter. The compensation for remaining staff members will be decided by their business units' performance metrics. Although quarterly variable payments have been consistently distributed, the organisation is yet to finalise its annual salary hike policy. This delay comes amidst challenging economic conditions, resulting in the company experiencing revenue decline in dollar terms for three consecutive quarters. TCS Variable Pay TCS has verified the disbursement of variable compensation. A company representative told ET that the eligibility requirements remain "in line with our standard practice across quarters". In an email communication to staff last week, chief human resources officer Milind Lakkad reportedly said, "All employees up to C2 grade (or equivalent grades) covered under the QVA plan will receive 100% of the Quarterly Variable Allowance (QVA). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Providers are furious: Internet access without a subscription! Techno Mag Learn More Undo The individual pay-out for the C3 grade and above may vary, depending on business performance." At TCS, the hierarchical structure begins with Y grade for trainees, progressing to C1 for systems engineers, followed by C2, C3 – A&B, C4, C5, and culminates with CXOs. Staff members holding C3 positions and above are generally considered senior personnel. The leading IT services provider increased its workforce by 5,060 people during the quarter ending June, bringing its total employee strength to approximately 613,000. The TCS chief executive K Krithivasan spoke of ongoing challenges in Q1 in last week's earnings announcement, highlighting the persistent and heightened delays in decision-making and project initiations. He noted that global business operations faced disruptions stemming from conflicts, economic instability and supply chain complications. For software service providers, the ability to drive growth significantly depends on discretionary technology investments from their clients. Krithivasan expressed that whilst discretionary expenditure remains low across various sectors, he anticipates a recovery once the broader economic landscape becomes more definitive. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


India.com
40 minutes ago
- India.com
How two engineers created Elon Musk's Tesla car that is making the world go crazy
How two engineers created Elon Musk's Tesla car that is making the world go crazy | Full story of Tesla BMW, Mercedes, Rolls-Royce, Porsche, Land Rover, Jaguar – these brands were something which masses used to connect with luxuious driving. Then came 2004 when the founder of companies like SpaceX and PayPal, Elon Musk, entered the car segment, thus giving birth to Tesla. And now, for Indians it has become a dream which everyone wishes to fulfill. Today, on July 15, Tesla's first showroom opened in Mumbai's BKC and with this the brand made its debut in India. It will also be interesting to see who will be Tesla's first customer in India. How this dream started? Whenever there is talk of electric vehicles (EVs) in the world, Tesla's name will be on top. But do you know this company was not started by Elon Musk but someone else? Yes. Tesla started on 1 July 2003 when two engineers Martin Eberhard and Marc Tarpenning laid the foundation of Tesla Motors. Both wanted to start the company with the aim of making an electric car that would not harm the environment like petrol and diesel cars. Since both were engineers, their craze for technology was also natural. When both of them dreamt of EV, it was considered very impractical. Both of them started the company and named it in honor of the great scientist Nikola Tesla who had discovered AC current. Initially, both of them had kept Tesla's vision as pollution free, fast and stylish EV. When did Musk enter? It was in 2004 when Elon Musk, who had already become famous at that time as the founder of companies like SpaceX and PayPal, entered. Musk invested $6.5 million in the Series A funding round and became the chairman of the company. Gradually, Musk took the responsibility of Tesla's product design, vision and marketing in his hands. In 2008, when Tesla was almost bankrupt, Musk became its savior through his investment. Tesla's first car was a Roadster In 2008, Tesla launched its first car – Roadster. It was a high-performance sports car, which was completely electric. This car could achieve a speed of 0 to 100 km/h in just 3.9 seconds. Ability to run up to 320 kilometers on a single charge. Roadster proved that electric cars can also be sexy, fast and powerful. Musk sent his Roadster into space in 2018 through a SpaceX rocket. Even today that car is orbiting the Earth.


Mint
41 minutes ago
- Mint
‘ ₹34,000 doubled in 10 days': How this trader used ChatGPT, Grok to mint money in stock market
A Reddit user claimed to double a $400 (approximately ₹ 34,327) trading account in just 10 days by relying solely on artificial intelligence tools, ChatGPT and Elon Musk-backed Grok, to guide his options trades. The experiment, which quickly went viral, has reignited interest in the role of generative AI in personal investing and retail trading strategies. In a detailed post titled 'Watching ChatGPT Make Me Money While I Chill and Crack a Cold One!', the user described how he initially deployed $400 into a US-based trading platform, Robinhood, to test whether ChatGPT could outperform his instincts in the market. By day four, he split his portfolio between ChatGPT and Grok, setting up what he called an 'AI showdown'. He fed both models a wide range of market data- including spreadsheets, technical charts, options chain screenshots, and macroeconomic inputs- and asked them to recommend trades. According to the post, across 10 trading days, he executed 18 trades, closed 17 of them, and recorded a 100% win rate. Of those, ChatGPT accounted for 13 winning trades, while Grok delivered five. 'Neither has let me down yet,' he wrote. While acknowledging the short timeframe, the user expressed enthusiasm about continuing the experiment over the next six months to better evaluate long-term consistency. He also posted prompts and data that he used to help him mint money. The post has since attracted widespread attention, with many users intrigued by the possibility of AI-assisted investing. However, several commenters cautioned against reading too much into short-term results, pointing out that market conditions, trade sizes, and risk exposure were not fully detailed. A user wrote, 'Seriously, if it was this easy, everyone would've done it. This post is most likely a scam. No genuine venture can double your money in a day like what OP is claiming, AI or not.' Another user wrote, 'I wanna say someone tried this like 6 months ago and lost a ton of money… sure you can say it wasn't as good tech back then, but also meme penny stocks I look at for fun are also doing well right now..' 'In other words, you already have to understand investing to be able to do this. All of this is Greek to me,' a user wrote.