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Speaker 1: You're listening to the Saturday Morning with Jack Tame podcast

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Speaker 1: from news talks EDB.

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Speaker 2: Twenty two to eleven on news talks EDB. Open Ai

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Speaker 2: is the company behind chat GPT and now their top

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Speaker 2: talent is being poached by some of the other big

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Speaker 2: tech companies four crazy amounts of money. Our textbook paulstine

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Speaker 2: House is waiting for his phone to light up. He's

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Speaker 2: just got us on Saturday mornings one hundred million bucks.

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Speaker 2: Are you serious? This for a scon bonus for a

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Speaker 2: computer technician.

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Speaker 3: So this is what Sam Oltman, the CEO of open ai,

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Speaker 3: has said. People are being poached for right and so

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Speaker 3: they must. It must be like employees that are in

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Speaker 3: his top ranks have come to and said, buddy, yeah,

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Speaker 3: I've got this offer, what can you do for me?

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Speaker 3: And I don't know, he's probably just said see ya,

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Speaker 3: or he's reluctantly said.

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Speaker 2: If you work from home every second Thursday, yeah right,

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Speaker 2: right in summer.

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Speaker 3: But that's just a staggering number, isn't it. I mean,

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Speaker 3: these are the types of numbers you typically here for

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Speaker 3: you know, any of our stars or your like big

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Speaker 3: Hollywood A listers, and these are like nerdy folks working

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Speaker 3: out okay, working out the future of AI. I guess

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Speaker 3: so maybe they do need to be paid this sort

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Speaker 3: of money like these big like these other big names

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Speaker 3: we know about. But it certainly has been ruffling feathers.

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Speaker 3: There was every week Meta does a big like all

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Speaker 3: hands meeting, and this came up in there all hands meeting,

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Speaker 3: and they kind of addressed it and kind of couched it,

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Speaker 3: and they were sort of saying, well, it wasn't a

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Speaker 3: one hundred million dollars signing bonus. It was structured maybe

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Speaker 3: slightly differently. So maybe they're earning one hundred million dollars

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Speaker 3: and being paid twenty five million dollars a year. But

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Speaker 3: even then I wouldn't say no to that.

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Speaker 2: Can I ask this though? So our individuals and the

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Speaker 2: expertise that individuals bring, are they so valuable in the space?

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Speaker 2: Are there people who are so unique with what they

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Speaker 2: bring to AI development that they can possibly justify this underspending?

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Speaker 2: You know, like it is one person worth one hundred

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Speaker 2: million dollars versus another five people four five million dollars each,

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Speaker 2: you know what I mean?

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Speaker 3: I would only suggest that quite possibly, I think there's

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Speaker 3: a real shortage of people who have experienced in this

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Speaker 3: area and what we're seeing probably unlike other technologies that

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Speaker 3: have come about, a lot of these AI folks have

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Speaker 3: kind of been dabbling with some of the stuff in

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Speaker 3: a research capacity. You know, a lot of them have

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Speaker 3: probably been around academic or academic adjacent institutions. I mean

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Speaker 3: Open AI had a whole nonprofit kind of part to it,

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Speaker 3: and then chat GPT's part of their kind of commercial

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Speaker 3: arm And so these I think were folks who had

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Speaker 3: kind of, yeah, really dedicated themselves to some of this work,

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Speaker 3: and now they're obviously seeing the fruits of their labor.

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Speaker 3: And I don't think that there are that many who

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Speaker 3: would be at that caliber, but certainly those who those

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Speaker 3: who are kind of like leading the charge and have

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Speaker 3: and writing the papers and being deep into this research. Yeah,

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Speaker 3: commanding serious dollars. I mean, this is the I just

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Speaker 3: have to remember, this is the hottest technology. And I

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Speaker 3: know we talk about a lot of things, and over

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Speaker 3: the years, you and I've talked about things, and I've

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Speaker 3: seen things come and seen things go. God, look, don't

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Speaker 3: even get me started on the three D TVs and

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Speaker 3: things like that. But this is actually but this is different, right,

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Speaker 3: This feels like a real step change. And these these

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Speaker 3: big companies like look at Google, right, their whole livelihood

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Speaker 3: has been around data and search and connecting dots, and

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Speaker 3: now AIS come in and potentially up ending their entire business.

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Speaker 3: So would you take one hundred million dollar bet on

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Speaker 3: a guy a girl? Maybe if you.

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Speaker 2: Hold your company like Meta, you've gone a hundred million bucks, right,

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Speaker 2: Like that's the thing. Everything's relative, like one hundred million

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Speaker 2: dollars exactly to another to another company. But it does

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Speaker 2: set a very high standard when it comes to when

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Speaker 2: it comes to attracting talent. I think though, like the

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Speaker 2: if even only a ten percent of the hype for

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Speaker 2: AI at least in the next couple of years is warranted,

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Speaker 2: it's the kind of technology that has the potential to

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Speaker 2: upset the power balance between the big tech companies.

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Speaker 3: Right.

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Speaker 2: So we've seen the lights of Apple and Google and

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Speaker 2: Meta dominate for the last you know, ten or twenty years,

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Speaker 2: and all of a sudden that could be about to

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Speaker 2: change and change super quickly, which is what's kind of interesting.

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Speaker 3: Yeah, unless they do something drastic.

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Speaker 2: Unless there's been a million dollars on talent, Yeah, yeah.

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Speaker 3: Exactly on the track. I think and I think that

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Speaker 3: they're desperate. I think some of these companies, like you know,

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Speaker 3: open Aie was a nothing and it's become the company,

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Speaker 3: like chet GPT has become the word, has become the

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Speaker 3: Google of search. You know what Google is to search,

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Speaker 3: they are to AI And would you pay for that?

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Speaker 3: Look at your trillion, multi trillion dollar companies and you're like, okay, rounding.

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Speaker 2: Area, Yeah maybe maybe we will. Yeah, all right, Paul. Look,

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Speaker 2: if you if you need a reference, we certainly don't

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Speaker 2: want to lose you on Saturday morning. You need a referee,

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Speaker 2: if you're looking for you know, we're always here, So

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Speaker 2: I appreciate your time. As always our Textbert Paul Stenhouse.

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Speaker 1: For more from Saturday Morning with Jack Tame, listen live

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Speaker 1: to News Talks ed B from nine am Saturday, or

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