The people at the helm of the first organization which cracks AI won't have any need for money
Further, I suspect any ai capable of outperforming the market would be too rational, to the point that you wouldn't be able to market it.
If the ai decided that bitcoin wasn't the future, and in 20 years time was proved right, how many people would have maintained that patience?
There comes a point where if an organization has something unique there is no point in selling it, they'd just use it for their own gain and watch the AI multiply their initial investment.
It has happened already, the best hedge funds are not open to investors but ran as a pension scheme for employees and founders.
https://projects.propublica.org/nonprofits/organizations/824...
https://www.businessinsider.com/openai-recruiters-luring-goo...
also, this shows $900k+ for L5 w/ 3-4 yoe: https://www.levels.fyi/companies/openai/salaries/software-en...
I wonder what a median rank-and-file employee at these companies make.
Prior discussion of median TC at OpenAI: https://news.ycombinator.com/item?id=36460082
https://www.nytimes.com/2018/04/19/technology/artificial-int...
Make no mistake, if Microsoft is matching $10M PPU's with $10M Microsoft RSUs vesting over 4 years, every single employee will join. But I kind of doubt that this is their plan
That doesn't tell you whether it was the numerator or the denominator that changed.
Do you have a source for this? At other tech companies I'm aware of, the numbers are still much lower than 100%, even after threats of performance impact.
One reason is that retaliation is very possible. The opacity of the executive team was not a feature of Steve Jobs’s Apple, but the Time Cook-era opaqueness combines poorly withthe silo’d, top down nature of Apple’s management which _was_ inherited from Steve Jobs.
The opaqueness, I think, is a result of Tim Cook integrating the retail and corporate sides of the company; retail salespeople are treated better, but software engineers are treated a little more like retail salespeople.
Since the pandemic, Apple execs have seemed to be isolated in a bubble and are not listening to the rank and file anymore. The people they do listen to seem to be out of touch.
I think that is approximately L70 comp.
People in stagnant careers signal to their employers that they don't need to do anything at all to retain them.
People at a hot startup have all the options in the world.
Compensation isn't about what's fair at all. It's supply and demand.
You want to make more money? Make yourself in shorter supply and generate more demand for your service.
Bit of a flaw in your logic there ;-)
Actually going is a whole different thing. Why not go to Google or FB or Anthropic if you’re quitting anyway, and they can match the offer.
e: for what it's worth I thought it was a reasonable discussion point, not sure why you got downvoted on that one :(
Similar things are done when doing anonymous 360 surveys in the workplace. If not enough people in a certain pool respond, the feedback doesn't get shared.
Also I have enough savings and my skills are in demand enough that I wouldn’t consider signing such a letter much of a risk. The researchers at openAI are likely a good deal more in demand than I am.
[1] Just to clarify, I don't know Sam and I am taking the usual labor viewpoint that most CEOs, in order to become CEOs, had to be a certain sort of asshole who would be likely to do other such asshole things. There are some indications that this sort of assholery is what he was fired for but it's kinda hard to read between the lines here.
The downvotes here are pretty irrational. But that's the defining feature of class warfare: we're all closer to homelessness than a billion dollars, but we've been conditioned to believe the opposite.
Hmmmm. The stiff resolve of a spaghetti noodle. I "consider" changing jobs literally every single day.
Source: https://www.nytimes.com/interactive/2023/11/20/technology/le...
this only signals desire to leave openai. nothing else.
>We , the undersigned, may choose to resign from OpenAI and join the newly announced Microsoft subsidiary run by Sam Altman and Greg Brockman Microsoft has assured us that there are positions for all OpenAl employees at this new subsidiary should we choose to join.
It does suggest more than their willingness to leave.
When challenged, they say ‘someone else would’ve done it anyway, so it might as well be me’. Which isn’t incorrect I think.
In summary, nobody gaf
People talk about the coherence of 700 people signing an open letter as being goal aligned, but I see it more like mortgage payment aligned.