Latest news with #Uncappedwith
Observer
6 hours ago
- Business
- Observer
Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman
Meta offered $100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent and strengthen its own generative AI teams, the startup's CEO, Sam Altman, has said. Facebook's parent company -- a competitor of OpenAI -- also offered "giant" annual salaries exceeding $100 million to OpenAI staffers, Altman said in an interview on the "Uncapped with Jack Altman" podcast released Tuesday. "It is crazy," Altman told his brother Jack in the interview. "I'm really happy that at least so far none of our best people have decided to take them up on that. " The OpenAI cofounder said Meta had made the offers to "a lot of people on our team." Meta did not immediately respond to a request for comment. The social media titan has invested billions of dollars in artificial intelligence technology amid fierce competition in the AI race with rivals OpenAI, Google and Microsoft. Meta chief executive Mark Zuckerberg said in January that the firm planned to invest at least $60 billion in AI this year, with ambitions to lead in the technology. Last week, Meta entered into a deal reportedly worth more than $10 billion with Scale AI, a company specializing in labeling data used in training artificial intelligence models. As part of the deal, company founder and CEO Alexandr Wang will join Meta to help with the tech giant's AI ambitions, including its work on superintelligence efforts. Comparing Meta to his company, Altman said on the podcast that "OpenAI has a much better shot at delivering on superintelligence." "I think the strategy of a ton of upfront guaranteed comp and that being the reason you tell someone to join... I don't think that's going to set up a great culture," the OpenAI boss added. According to US media reports, Meta has also offered nine-figure annual salaries to Scale AI executives. "There's many things I respect about Meta as a company," said Altman. "But I don't think they're a company that's great at innovation."
Time of India
8 hours ago
- Business
- Time of India
Meta is not ‘great' at innovation: OpenAI CEO Sam Altman
OpenAI 's Sam Altman said he believes that Facebook's parent company, Meta , is not particularly 'great' when it comes to innovation. In his brother's podcast 'Uncapped with Jack Altman', the OpenAI chief said, 'There's many things I respect about Meta as a company. But I don't think they're a company that's like great at innovation.' He said that the 'special thing' about OpenAI is that the company has built a culture that is good at 'repeatable' innovation. 'I think we understand a lot of things that they don't about what it takes to succeed,' Altman claimed. The brothers were discussing the Meta-ScaleAI deal when Sam Altman mentioned that he had heard Meta considers OpenAI its biggest competitor. He further claimed that the Mark Zuckerberg-led company has attempted to hire OpenAI staff. Live Events "They (Meta) started making giant offers to a lot of people on our team. You know, like $100 million signing bonuses, more than that (in) compensation per year," he explained. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'I'm really happy that at least so far, none of our best people have decided to take them up on that,' he said. His remarks follow Meta's $14.3 billion investment in data-labelling startup Scale AI and the appointment of its CEO, Alexandr Wang, to head the company's newly formed superintelligence team . While major clients such as Google and Elon Musk's xAI are considering moving away from Scale AI over data privacy concerns, OpenAI said that it will continue working with the startup.
Business Times
9 hours ago
- Business
- Business Times
Meta offered US$100 million bonuses to poach OpenAI employees: CEO Altman
[NEW YORK] Meta offered US$100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent and strengthen its own generative AI teams, the startup's CEO, Sam Altman, has said. Facebook's parent company – a competitor of OpenAI – also offered 'giant' annual salaries exceeding US$100 million to OpenAI staffers, Altman said in an interview on the 'Uncapped with Jack Altman' podcast released on Tuesday (Jun 17). 'It is crazy,' Altman told his brother Jack in the interview. 'I'm really happy that at least so far none of our best people have decided to take them up on that.' The OpenAI cofounder said Meta had made the offers to 'a lot of people on our team.' Meta did not immediately respond to a request for comment. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up The social media titan has invested billions of dollars in artificial intelligence technology amid fierce competition in the AI race with rivals OpenAI, Google and Microsoft. Meta chief executive Mark Zuckerberg said in January that the firm planned to invest at least US$60 billion in AI this year, with ambitions to lead in the technology. Last week, Meta entered into a deal reportedly worth more than US$10 billion with Scale AI, a company specialising in labelling data used in training artificial intelligence models. As part of the deal, company founder and CEO Alexandr Wang will join Meta to help with the tech giant's AI ambitions, including its work on superintelligence efforts. Comparing Meta to his company, Altman said on the podcast that 'OpenAI has a much better shot at delivering on superintelligence.' 'I think the strategy of a tonne of upfront guaranteed comp and that being the reason you tell someone to join... I don't think that's going to set up a great culture,' the OpenAI boss added. According to US media reports, Meta has also offered nine-figure annual salaries to Scale AI executives. 'There's many things I respect about Meta as a company,' said Altman. 'But I don't think they're a company that's great at innovation.' AFP
The Sun
10 hours ago
- Business
- The Sun
Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman
NEW YORK: Meta offered $100 million bonuses to OpenAI employees in an unsuccessful bid to poach the ChatGPT maker's talent and strengthen its own generative AI teams, the startup's CEO, Sam Altman, has said. Facebook's parent company -- a competitor of OpenAI -- also offered 'giant' annual salaries exceeding $100 million to OpenAI staffers, Altman said in an interview on the 'Uncapped with Jack Altman' podcast released Tuesday. 'It is crazy,' Altman told his brother Jack in the interview. 'I'm really happy that at least so far none of our best people have decided to take them up on that.' The OpenAI cofounder said Meta had made the offers to 'a lot of people on our team.' Meta did not immediately respond to a request for comment. The social media titan has invested billions of dollars in artificial intelligence technology amid fierce competition in the AI race with rivals OpenAI, Google and Microsoft. Meta chief executive Mark Zuckerberg said in January that the firm planned to invest at least $60 billion in AI this year, with ambitions to lead in the technology. Last week, Meta entered into a deal reportedly worth more than $10 billion with Scale AI, a company specializing in labeling data used in training artificial intelligence models. As part of the deal, company founder and CEO Alexandr Wang will join Meta to help with the tech giant's AI ambitions, including its work on superintelligence efforts. Comparing Meta to his company, Altman said on the podcast that 'OpenAI has a much better shot at delivering on superintelligence.' 'I think the strategy of a ton of upfront guaranteed comp and that being the reason you tell someone to join... I don't think that's going to set up a great culture,' the OpenAI boss added. According to US media reports, Meta has also offered nine-figure annual salaries to Scale AI executives. 'There's many things I respect about Meta as a company,' said Altman. 'But I don't think they're a company that's great at innovation.'
France 24
11 hours ago
- Business
- France 24
Meta offered $100 mn bonuses to poach OpenAI employees: CEO Altman
Facebook's parent company -- a competitor of OpenAI -- also offered "giant" annual salaries exceeding $100 million to OpenAI staffers, Altman said in an interview on the "Uncapped with Jack Altman" podcast released Tuesday. "It is crazy," Altman told his brother Jack in the interview. "I'm really happy that at least so far none of our best people have decided to take them up on that." The OpenAI cofounder said Meta had made the offers to "a lot of people on our team." Meta did not immediately respond to a request for comment. The social media titan has invested billions of dollars in artificial intelligence technology amid fierce competition in the AI race with rivals OpenAI, Google and Microsoft. Meta chief executive Mark Zuckerberg said in January that the firm planned to invest at least $60 billion in AI this year, with ambitions to lead in the technology. Last week, Meta entered into a deal reportedly worth more than $10 billion with Scale AI, a company specializing in labeling data used in training artificial intelligence models. As part of the deal, company founder and CEO Alexandr Wang will join Meta to help with the tech giant's AI ambitions, including its work on superintelligence efforts. Comparing Meta to his company, Altman said on the podcast that "OpenAI has a much better shot at delivering on superintelligence." "I think the strategy of a ton of upfront guaranteed comp and that being the reason you tell someone to join... I don't think that's going to set up a great culture," the OpenAI boss added. According to US media reports, Meta has also offered nine-figure annual salaries to Scale AI executives. © 2025 AFP
