We already reported that OpenAI was complaining that Meta’s Mark Zuckerberg was trying to poach top talent for the new Meta ’superintellegence lab.’ Zuck was offering a $100 million signing bonus. Now, wired.com reports that Meta has offered top research talent up to $300 million over 4 years with over $100 million of that coming in the first year. When the pay package includes equity, in the first year, the stock vests immediately. A senior engineer who spoke to WIRED confirmed their pay was around $850,000 per year at Meta—an impressive sum that pales in comparison to the packages currently on offer. Those in the pay band above this engineer (E7’s, in Meta terms) make on average $1.54 million a year, according to user data submitted on Levels.FYI. Kids, we are all in the wrong line of work!
Another story from the ‘What Could Possibly Go Wrong’ department: X is launching a way for developers to create AI bots that can write Community Notes that can potentially appear on posts. According to theverge.com, the “AI Note Writers” will be able to submit a Community Note, but they will only actually be shown on a post “if found helpful by people from different perspectives.” The social platform claims in a post that AI notes will be ‘clearly marked for users’ and at least at the start, ‘AIs can only write notes on posts where people have requested a note.’ For now, the bots are just writing in test mode…but the first group may actually show up on X posts later this month.
The big budget bill, if it passes in its present form, will increase tax credits for semiconductor firms building plants in the US. CNBC notes that the credits will grow from 25% to 35%. Chipmakers that could benefit include Intel and Taiwan Semiconductor. Previously, Trump had called for a repeal of the CHIPS Act. The new provisions expand the tax incentives, which provided grants of $39 billion and loans of $75 billion for US based semiconductor manufacturing projects.
Tesla improved sales over first quarter, but still ended 2nd quarter down 13.5% as compared to Q2 2022. This doesn’t bode well…it may mean they will underperform 2024 for the year. TechCrunch.com reports that the company will announce earnings July 23rd. Worth noting, Ford electric vehicle sales were down 31% year over year in the US…the Tesla numbers are global. Hyundai and Kia also dropped in the US. General Motors trended the opposite way. The General grew EV sales in the US year to year, riding on a stable of new and improved models.
I’m Clark Reid and you’re ‘Technified’ for now.