Meta offers OpenAI staff R1.8-billion signing bonuses but gets rejected

By Dylan Bettencourt

  • Meta offered OpenAI staff signing bonuses of up to US$100-million, but none accepted the massive pay packages.
  • Sam Altman says Meta views OpenAI as its biggest rival and is frustrated with its own artificial intelligence progress

Meta tried to poach OpenAI’s top workers by offering massive signing bonuses of up to US$100-million, but nobody accepted the offer.

Sam Altman, the CEO behind ChatGPT, revealed on his brother Jack’s podcast that Meta is throwing giant pay packages at his team.

But he said proudly: “I’m really happy that at least so far none of our best people have decided to take [Meta CEO Mark Zuckerberg] up on that.”

Altman said Meta sees OpenAI as its biggest rival and is frustrated with its own progress in artificial intelligence.

“Their current AI efforts have not worked as well as they had hoped,” he said.

Meta did not comment when asked by Investopedia about the claims.

The tech giant recently poured money into a company called Scale AI, investing at a valuation of over US$29-billion.

Altman made it clear that OpenAI staff are being tempted with more than just sign-on bonuses.

Meta is also dangling bigger yearly pay packages to try to win them over. But so far, it looks like loyalty is stronger than a fat paycheque.

Pictured above: Sam Altman. 

Image source: @sama

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