Do you need any more signs, or is it clear now?
For me the Meta storm of billions in hiring was enough to start selling any tech giant related stock.
It is about to crash, harder than ever.
Now on front page:
A.I. Researchers Are Negotiating $250 Million Pay Packages - https://news.ycombinator.com/item?id=44766758
We let that article take precedence on the front page, as the top commenter on this thread makes a good point that the comparisons to the Manhattan Project and Space Race can be regarded a red herring and diminish the weight of the article. The NYT story on the front page focuses on the central topic of comp offers to A.I. talent.
It's good to at least see them call out wealth concentration as a driving factor here. The reason companies are paying insane amounts of money is that companies have insane amounts of money.
Big difference was that at that time people were doing things both for the race itself but also because ideologically they believed in the mission.
Funding is so plentiful right now that they are really competing with acquihire rates. That amount might sound crazy as straight salary, it comes with multi-year golden handcuffs and avoids having to buy them out for billions if they go start their own endeavor.
why the negativity? no one bats an eye when ronaldo/messi or steph curry or other top athletes get insane salaries.
These AI researchers will probably have far more impact on society (good or bad I dont know) than the athletes, and the people who pay them (ie zuck et al) certainly thinks its worth paying them this much because they provide value.
Interestingly about 190.000 is what our prime minister makes and where public service salaries are capped here in the Netherlands.
Edit oops, knowledge was outdated, it’s about 270.000.
Those two examples are government-run projects and in the case of the Manhattan project were part of a scheme with the main purpose of murdering people at a mass scale. The question there was more how much would we have had to pay those people not to do what they did.
These aren't good comparisons for someone who is doing work we expect, in advance, to be a net good. It isn't a particularly powerful comparison - we already might expect that private markets pay better just because people are deployed to useful work. It is actually a pretty reasonable suspicion that this bloke is going to do more than 300x as much good as Oppenheimer, both morally and commercially. Any deaths as a result of his direct work will be accidental.
It's still peanuts compared to what owners make when their startup goes big. Seems reasonable that there's still room for small startups in AI with smarter approaches that don't require Manhattan project scale at a big company. Whether successful startups should sell out to big companies or become one themselves is the 64 billion question.
In some ways it's a stupid comparison because back then people didn't take money that seriously because the state still knew how to hire serious talent and reward them with status instead.
Good for him. Unfortunately, though, what I have seen is that luminaries like this never match their external accomplishment once inside. I have names I saw firsthand but it would be rude to share. A couple of exceptions come to mind. It seems Marc Levoy has been as effective pushing imaging technology inside BigCo's as he was at Stanford Research, e.g. But more often it's one-hit wonders.
Imagine if any one of these tech companies decided the future was in solving problems for humanity rather than how to serve adverts in a future where content was autogenerated.
The money and resources they have available is astronomical.
Instead they spend it on future proofing their profits.
What a sad world we have built.
This is all about industrial robotics. In order to train robotics AI, Zuckyrberg must create realistic "embodied" farmvilles for users to play. This is likely the only path to robotics for facebook, hence the ballistic spending.
There are sports stars who are paid similarly - rare talent that is in demand. Luckily there aren’t “software unions” like there are players’ unions to cap the max payment.
Any left wing / socialist person on HN should be ecstatic - literally applauding with grins on their faces - that workers are extracting such sums out of the capitalist class. The hate for these salaries is mind boggling to me, and shows a lot of opposition to labor being paid what they are due is more about envy than class consciousness
It’s all pretty normal.
I’m earning up near $250 million a year, aren’t you? If not maybe time for a job jump.
> A 24 year-old AI researcher will earn 327x what Oppenheimer made while developing the atomic bomb.
Where is the contradiction??? Oppenheimer was in no way connected to the "value" generated by his invention. The AI researcher can be part of a small company and have a tiny chance of huge success, so direct connection to the value generated by his work. Also, it's not like Oppenheimer could get offers in the open market to get a bigger salary or extort other people not to drop a bomb without maybe dying in the process. But if he could, he could hire hundreds of those AI researches as assistants...