Rs 86000000 in salary: Google, Meta, and OpenAI ready to offer huge money for people with talent in...
Top Tier Talent Salary: In order to hire special talents, major companies around the world are making changes in their salary structure. Tech giant Google has also made major changes in the way the company pays salaries. It has made changes in the salary to attract good and talented employees. These moves are necessary to stay ahead in the ongoing competition in the field of Artificial Intelligence.
Not only Google and Meta but also OpenAI are also offering huge salary packages to talented employees. As per a report by Business Insider, citing US Department of Labour documents, software engineers at Google can get a basic salary of USD34,0000 (approx Rs 3 crore).
Apart from the basic salary, the company will also give its shares and bonuses, further increasing the total income. Notably, positions such as Product managers, AI researchers and people working in other technical positions are getting impressive salary packages. Meta Is Offering Huge Salary
Google is currently facing a very tough competition from other tech giants such as Meta and OpenAI. These companies are also luring good talents in AI by offering them huge salaries. Meta has also invested huge amount in AI and now hiring AI researchers and engineers to power its Generative AI and Reality Labs division.
Meta's significant investment in advanced AI in 2023 is reflected in high salaries for its senior AI researchers, ranging from USD600,000 to USD1 million per anum. The salary also includes bonuses and stock options. OpenAI, backed by Microsoft, also offers competitive packages for senior research engineers. These packages range from USD200,000 to USD370,000 in base salary, reaching USD800,000 to USD1 million with equity and profit-sharing incentives. Why Is There A Salary Increase?
The tech giants are increasing the salary packages because they want to keep employees who are capable of enhancing large language models, improving generative AI tools, and developing new technologies.
According to experts, these high salary packages are not just for new hires but are also to retain good employees in the company.
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