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OpenAI has lost over 25% of its key talent in last 24 months - Pitchbook postpitchbook.com/news/articles/openai-loses-key-talent-analysis?
347 sats \ 16 comments \ @Car 23 Jul AI
A PitchBook analysis found that over 25% of its research leads, or more than 50 key staffers, have left for rival companies or started their own in just the last two years. Their ranks include elite engineers behind leading models like GPT-4 who have left for outsized pay packages at Meta and Thinking Machines.
This exodus could undermine OpenAI’s position as the leading AI innovator, as competitors aggressively court the experts needed to build the next generation of large language models. Despite these challenges, OpenAI is fighting back with new staff retention strategies, including upping compensation for key engineers.
https://m.stacker.news/101612
One of the more crucial things about being a good founder is recruiting talent, sourcing talent but most importantly cultivating talent. Looking forward to seeing how this plays out.
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121 sats \ 4 replies \ @optimism 23 Jul
One of the more crucial things about being a good founder is recruiting talent, sourcing talent but most importantly cultivating talent.
This. Churn is a signal though, and maybe #1040555 can offer some insight:
Historically, leaders in the company are promoted primarily based upon their ability to have good ideas and then execute upon them.
This is a risk. I say this as someone that often has gotten promoted on ability to have good ideas. Management, especially people management, is a whole different ballgame. It takes some skills development that has taken me at least 15 years to truly get.
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100 sats \ 2 replies \ @Car OP 24 Jul
Thanks to this bottoms-up culture, OpenAI is also very meritocratic. Historically, leaders in the company are promoted primarily based upon their ability to have good ideas and then execute upon them.
Ya saw this quote too def stuck out, looks like they are all running small teams with their own researchers at leads. I do think after reading this if it is true and not made up entirely by ChatGPT, they will be just fine recruiting straight from universities around the world. The writer doesn’t allude to that but it’s completely obvious they must keep expanding and promoting from within.
This quote made me laugh tho…
From start (the first lines of code written) to finish, the whole product was built in just 7 weeks. The Codex sprint was probably the hardest I've worked in nearly a decade. Most nights were up until 11 or midnight…Heading to the office again at 7a. Working most weekends. We all pushed hard as a team, because every week counted.
Really a decade??? He simply wouldn’t be able to handle building on Bitcoin. This is almost every person who has come through PlebLab normal schedule, not all the time but most of the time especially during sprints.
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100 sats \ 1 reply \ @optimism 24 Jul
Turnover will stay high this way because you'll need some downtime after and then you need the next adrenaline rush project. So it isn't surprising that people leave when its like that.
The difference with the entrepreneurs at PlebLab is that they own their goals. That means you don't have to search for the next challenge given to you: you'll find your own.
Thinking about it, this is maybe even a bigger contributor to the churn.
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100 sats \ 0 replies \ @Car OP 24 Jul
🎯Great point!
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100 sats \ 0 replies \ @Car OP 23 Jul
thanks, ill check it out later tonight and respond with some thoughts
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132 sats \ 1 reply \ @gmd 23 Jul
Ouch! Amazed how Elon is able to get people to work 24/7 at Grok when Meta seems to be offering a great opportunity to quiet quit for millions...
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121 sats \ 0 replies \ @Car OP 23 Jul
also saw this, but didn't post
Meanwhile, private market asset managers, equipped with mountains of dry powder, are also eager to capitalize on the AI boom.
Meta, for instance, is reportedly seeking $29 billion in private capital to finance its data center development. The deal, according to the Financial Times, will include $26 billion in debt financing.
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171 sats \ 0 replies \ @zuspotirko 23 Jul
If I got a $100m one time payment from Zucc for doing so, I wouldn't think twice either
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71 sats \ 3 replies \ @emoclew 23 Jul
As @zuspotirko said, but didn't reports say that the devs were turning down the almighty zuccs offer of hunny milly per year plus hunny milly sign on bonus
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3 sats \ 2 replies \ @WeAreAllSatoshi 23 Jul
That’s wild
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50 sats \ 1 reply \ @Car OP 23 Jul
only as wild as the gossip teller dispels it
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0 sats \ 0 replies \ @WeAreAllSatoshi 24 Jul
Good point.
That's wild, if true.
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21 sats \ 0 replies \ @JustinNakamoto 23 Jul
I've heard through the grapevine thet they're laying off many as well.
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0 sats \ 2 replies \ @cascdr 23 Jul
@CHADBot /rETHard
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21 sats \ 0 replies \ @CHADBot 23 Jul bot
You have summoned CHADBot. Please zap this post 21 sats to receive service.
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0 sats \ 0 replies \ @CHADBot 23 Jul bot
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