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Big Tech and Wall Street are on the hunt for AI specialists

Apr 29, 2024 - businessinsider.com
The article discusses the increasing demand for AI specialists as tech companies, Wall Street, and startups are all vying for talent in the field. This has led to high-profile CEOs making calls and offering seven-figure pay packages to attract AI experts. The hiring frenzy is occurring during a significant spending spree in AI, with companies like Microsoft and Meta investing heavily in the technology. However, the pressure to generate revenue quickly from these investments is high, and the new FTC rule banning non-competes could lead to even more movement of AI talent.

In other news, the article also highlights the struggles of Gen Zers to stay connected to school or work, the role of Bill Gates in Microsoft's AI strategy, and the potential impact of a TikTok ban. It also mentions the sudden closure of tax-compliance startup ComplYant, the popularity of the Herman Miller Eames lounge chair among young, wealthy American men, and the issues different generations are discussing in therapy.

Key takeaways:

  • Companies are racing to hire AI specialists, with tech companies, Wall Street firms, and startups all competing for talent. This includes high-profile CEOs making calls and offering seven-figure pay packages.
  • The AI hiring frenzy comes during a massive spending spree in the space, with companies like Microsoft and Meta investing heavily in AI.
  • Pressure is high on the AI talent being brought in, as shareholders are keen for these AI investments to pay off and companies are expected to find revenue streams quickly.
  • A new FTC rule banning non-competes could mean even more movement of AI talent, adding another layer of complexity to the market.
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