Meta Offers Multi-Million Deals to Researchers, Not $100M Signing Bonuses
Rumored $100m offers to AI researchers has been denied.
While it’s true that Meta is offering hefty multimillion-dollar pay packages to AI researchers when wooing them to its new superintelligence lab, no one is getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting.
Fair Compensation
During a company-wide all-hands meeting on Thursday leaked to The Verge, some of Meta’s top executives were asked about the bonuses that OpenAI CEO Sam Altman said Meta had offered to top researchers.
Meta’s CTO Andrew Bosworth implied that only a few people for very senior leadership roles may have been offered that kind of money, but clarified “the actual terms of the offer” wasn’t a “sign-on bonus. It’s all these different things.” In other words, not an instant chunk of cash. Tech companies typically offer the biggest chunks of their pay to senior leaders in restricted stock unit (RSU) grants, depending on either tenure or performance metrics.
A four-year total pay package worth about $100 million for a very senior leader is not inconceivable for Meta. Most of Meta’s named officers, including Bosworth, have earned total compensation of between $20 million and nearly $24 million per year for years.
Altman was “suggesting that we’re doing this for every single person,” Bosworth reportedly said at the meeting. “Look, you guys, the market’s hot. It’s not that hot.”
Setting the Record Straight
On Thursday, researcher Lucas Beyer confirmed he was leaving OpenAI to join Meta along with the two others who led OpenAI’s Zurich office. He tweeted: “1) yes, we will be joining Meta. 2) no, we did not get 100M sign-on, that’s fake news.”
Beyer’s expertise is in computer vision AI. That aligns with what Meta is pursuing: entertainment AI, rather than productivity AI, Bosworth reportedly said in that meeting. Meta already has a stake in the ground in that area with its Quest VR headsets and its Ray-Ban and Oakley AI glasses.
While Meta isn’t handing out $100 million willy-nilly, it is still spending big to hire in AI.
One investor told TechCrunch that he saw an AI researcher get — and turn down — an $18 million job offer from Meta. That person took a smaller, but still healthy offer, from a buzzier AI startup: Mira Murati’s Thinking Machines Lab.
