Important points
- Tesla is raising salaries for its artificial intelligence (AI) engineers to prevent them from being poached from companies like OpenAI, CEO Elon Musk said in a series of posts about X.
- Musk was a co-founder of OpenAI, the developer of the hit chatbot ChatGPT, but had a falling out with other members of the startup.
- The plan to raise salaries for AI staff comes as competition for tech-savvy talent intensifies.
Tesla (TSLA) is raising salaries for artificial intelligence (AI) engineers to prevent them from being poached from companies such as OpenAI, CEO Elon Musk said in a series of posts on his social media platform X. mentioned in.
“The talent war over AI is the craziest talent war I've ever seen!” Musk wrote. Additionally, “Tesla is increasing compensation (based on progress milestones) for its AI engineering team.
He also said that AI startup OpenAI has been “aggressively recruiting Tesla engineers with huge payoffs” and has been successful “in some cases.”
Musk was a co-founder of OpenAI, the developer of the hit chatbot ChatGPT, but after falling out with other companies at the startup, he launched his own product, xAI, last year.
The plan to raise salaries for AI staff comes amid a talent war for tech-savvy talent among big tech companies like OpenAI backers Microsoft (MSFT) and Amazon (AMZN) as they look to compete for market share. It was launched as the situation escalated. Meanwhile, tech companies like Google are shifting their focus to AI and cutting jobs.
Musk's comments came later. information Tesla's machine learning scientist Ethan Knight has joined xAI.
“Ethan was going to join OpenAI, so it was either xAI or them,” Musk wrote.
Musk has previously said he would rather develop products outside of Tesla unless he had at least a 25% voting stake in the electric vehicle (EV) maker.
Tesla shares rose about 0.6% immediately after the opening bell on Thursday, but were the biggest decliner in the S&P 500 in the first three months of the year, down about 32% year-to-date.