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62 days

Sam Altman says Meta offered OpenAI staff $100 million bonuses, as Mark Zuckerberg ramps AI poaching efforts

1. Meta offered OpenAI employees up to $100 million in sign-on bonuses. 2. Current AI efforts at Meta have not met expectations, as per Altman. 3. Meta aims to assemble a top AI team for its superintelligence lab. 4. Zuckerberg's frustration with AI progress has led to significant investment plans. 5. Analysts argue Meta has laid groundwork for open-source AI development.

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Why Bullish?

While struggling to recruit talent, Meta's aggressive investment in AI shows strong future potential. Historical examples indicate that capital infusion can lead to competitive advancements.

How important is it?

The article outlines strategic moves in AI that could influence Meta's competitive standing and market perception. The financial commitment to AI talent reflects a serious intent to catch up in the field.

Why Long Term?

The AI landscape is evolving, and Meta's substantial investments may yield high returns in innovation and product development over time.

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