[BrainI/O]: "Tech Giants Are Paying Huge Salaries for Scarce A.I. Talent"Written on December 18th, 2017 by @10000TB
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(Image credit: New York Times, article link)
“As they chase this future, they are doling out salaries that are startling even in an industry that has never been shy about lavishing a fortune on its top talent.”
One and the only message from the article is that: A.I. talents’ demand outweighs supply, and techies are paying huge to fight for the scarce talents with specialties to tackle A.I. problems.
This article first points out the trend: “Tech’s biggest companies are placing huge bets on artificial intelligence”, which unsurprisingly brings up the talents contest, and which ends up as salaries offering competition in most cases.
It is mysterious that how much A.I. talents are being paid. This article unveils a range of $300,000 to $500,000 in salaries and company stocks based out of a group nine people who have worked for major tech companies or have received such offers from them. As pointe out, participants requested anonymity for their professional prospects, which serves as side evidence that how high compensations many other A.I. talents are being paied in the market will continue to be mysterious.
To give a sense of the high salaries those AI talents would get, this article then points out another fact that those employed telents will typically re-negotiate a high salaries up the finish of current term. In addition, another example, as mentioned, is that Google’s former self-driving car leader, Anthony Levandowski took home over $120 million in incentives before joining Uber through an acquisition.
Start-ups, which couldn’t compete with large corperates in cash, “still have recruiting advantage over industry’s giants, Take a chance on us and we’ll give you an ownership stake that could make you rich if the company is successful.”
The reasons that add to rising salaries offered to A.I. talents also include competence from auto industry, which is also building self-driving cars. But again, the fact that demands outweigh supply says it all why “Tech giants are paying huge salaries for scarce A.I. talents”.
Original article: Tech Giants Are Paying Huge Salaries for Scarce A.I. Talent