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After Mira Murati's rejection, her cofounder turns down Zuckerberg's $1.5 bn offer
Despite a reported $1 billion offer, Murati turned down the deal, triggering an aggressive recruitment campaign by Zuckerberg to lure away her top talent.
As reported by The Wall Street Journal, Zuckerberg did not take Murati's refusal lightly. He is said to have personally launched a 'full-scale raid' on the startup, approaching over a dozen of its 50 employees to convince them to switch sides.
At the centre of this poaching attempt was Andrew Tulloch, co-founder of San Francisco-based Thinking Machines Lab and a celebrated figure in AI circles. In what has been described as an 'intense' recruitment effort, Zuckerberg offered Tulloch a staggering compensation package reportedly worth $1.5 billion over six years — contingent on bonuses and stock performance.
AI veteran turns Meta down
Tulloch, however, declined the offer. A machine learning expert, Tulloch previously worked at Meta from 2012 to 2023 and played a key role in building PyTorch, a widely used AI research framework. He also spent a year at OpenAI working on GPT-4's training and reasoning models before co-founding Thinking Machines Lab with Murati in early 2025, The Wall Street Journal mentioned.
Meta denies acquisition attempt
Responding to the report, Meta spokesperson Andy Stone dismissed the $1.5 billion compensation figure as 'inaccurate and ridiculous', adding that such packages depend heavily on Meta's stock price. Stone also denied that Meta ever tried to acquire Thinking Machines Lab.
Who is Andrew Tulloch?
Andrew Tulloch graduated with first-class honours and a University Medal in mathematics from the University of Sydney, followed by a Master's in Mathematical Statistics at Cambridge. He is currently pursuing a PhD at UC Berkeley.
During his previous stint at Meta, Tulloch's work left such a mark that even Alexandr Wang — now head of Meta's Superintelligence Lab — personally tried to woo him back. Back in 2016, OpenAI's Greg Brockman also tried to hire Tulloch but could not match his then-Facebook salary. Tulloch finally joined OpenAI in 2023 after ChatGPT went mainstream.
Meta's hiring spree targets rivals
Tulloch wasn't the only one on Meta's radar. The company has aggressively pursued top AI minds, especially from OpenAI and startups formed by its alumni—like Dario Amodei's Anthropic and Murati's Thinking Machines. Meta reportedly approached more than 100 OpenAI employees and managed to hire at least 10.
Among those who joined Meta was 24-year-old Matt Deitke. Initially declining an offer of $125 million, Deitke reportedly changed his mind after Zuckerberg personally offered to double it — raising the package to $250 million, with $100 million guaranteed in the first year alone.
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Indian Express
22 minutes ago
- Indian Express
US law firm to move Gujarat court in Air India plane crash case to seek Cockpit Voice Recorder, Flight Data Recorder data
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Time of India
36 minutes ago
- Time of India
ICMAI CMA June 2025 result for intermediate and final to be declared on August 11 at icmai.in
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India.com
an hour ago
- India.com
BIG concern for India as Trump's 50 pc tariffs could lead to 6% GDP slowdown in…; Moody's issues big warning, says India's manufacturing sector could…
Representational Image Trump Tariffs: India's GDP growth will likely slow down to 6 percent in the current financial year if the 50 percent tariffs imposed by US President Donald Trump on Indian imports come into effect from August 27, while its budding manufacturing will also take a severe hit, Moody's Ratings said Friday. What did Moody's say? 'Should India continue to procure Russian oil at the expense of the headline 50 per cent tariff rate on goods it ships to the US, which is currently its largest export destination, we project that real GDP growth may slow by around 0.3 percentage points compared with our current forecast of 6.3 per cent growth for fiscal 2025-26 (ending March 2026),' Moody's said. The US-based ratings agency noted that the strain caused by Trump tariffs could be mitigated by India's strong services sector, and resilient domestic demand, however, India's response to high US tariffs will ultimately determine the effect on its growth, inflation and external position. Trump tariffs on India On August 6, Donald Trump signed an executive order imposing an additional 25 percent tariffs on Indian goods, raising the total levy to 50%. The US President called the additional tariffs on India as a 'punishment' for purchasing Russian oil and weapons, as he accused New Delhi of 'funding' Moscow's war on Ukraine. 'I find that the Government of India is currently directly or indirectly importing Russian Federation oil. Accordingly, and as consistent with applicable law, articles of India imported into the customs territory of the United States shall be subject to an additional ad valorem rate of duty of 25 percent,' the order read. The additional 25 percent tariffs will come into effect from August 27. Why Trump tariffs could dent India's manufacturing sector? Meanwhile, Moody's also warned that the high tariffs will also negatively impact India's growing manufacturing sector, including high-value products like electronics, because of lower tariffs on other Asia-Pacific countries. 'Beyond 2025, the much wider tariff gap compared with other Asia-Pacific countries would severely curtail India's ambitions to develop its manufacturing sector, particularly in higher value-added sectors, such as electronics, and may even reverse some of the gains made in recent years in attracting related investments,' it said. The US has imposed 15-20 percent import duty on other Asia-Pacific countries, while slapping with a 50 percent tariff rate. The ratings agency said Asia-Pacific countries are vying for a greater share of trade and investment flows amid a restructuring of supply chains triggered by US policy shifts. How India could absorb impact of tariffs? Moody's noted that India has managed to 'procure at least some of its purchases of Russian oil at below global prices, which has helped insulate India's inflation from the pass-through of global commodity price movements, while preempting pressures on its current account deficit.' Since 2022, India has increasingly ramped up its crude oil imports from Russia as demand from the latter's traditional offtakers dried up amid sanctions tied to its invasion of Ukraine. In 2024, India's imports of Russian crude rose to USD 56.8 billion from USD 2.8 billion in 2021. Moody's said India retains sufficient foreign-reserve currency buffers to weather external volatility. 'The magnitude of the drag on growth from tariff obstacles will influence the government's decision to pursue a fiscal policy response, although we anticipate the government will adhere to its focus on gradual fiscal and debt consolidation,' said the US-based rating agency. India-US trade deal Notably, India has been negotiating a bilateral trade agreement (BTA) with the United States since March. The two countries have held five rounds of talks, while a US teams is scheduled to visit India on August 25 for the sixth round. However, a trade deal seems unlikely as Donald Trump has categorically said that India-US trade talks will not resume until the dispute over tariffs is resolved. 'No, not until we get it resolved,' Trump told reporters in the Oval Office on Thursday when asked whether he expected the talks to resume. (With inputs from agencies)
