"Inevitably, the next bid wouldn’t arrive until a minute or two before the top of the hour, extending the auction just as it was on the verge of ending. The price climbed so high, Hinton shortened the bidding window from an hour to 30 minutes. The bids quickly climbed to $40 million, $41 million, $42 million, $43 million. “It feels like we’re in a movie,” he said. One evening, close to midnight, as the price hit $44 million, he suspended the bidding again. He needed some sleep." (So Google paid north of $40m to hire Hinton and his lab).
That all makes $2m a year for Ilya Sutskever, or $600k a year for some run-of-the-mill dude with a degree in AI seems like a bargain. The founders of Nuro got $40m each to leave Google and start their own company. Hopefully we get some more transparency about pay to bring up the whole field rather than just "AI." After all, at the time of writing software tends to have a higher accuracy rate than machine learning ...
Key Quote:
"Inevitably, the next bid wouldn’t arrive until a minute or two before the top of the hour, extending the auction just as it was on the verge of ending. The price climbed so high, Hinton shortened the bidding window from an hour to 30 minutes. The bids quickly climbed to $40 million, $41 million, $42 million, $43 million. “It feels like we’re in a movie,” he said. One evening, close to midnight, as the price hit $44 million, he suspended the bidding again. He needed some sleep." (So Google paid north of $40m to hire Hinton and his lab).
That all makes $2m a year for Ilya Sutskever, or $600k a year for some run-of-the-mill dude with a degree in AI seems like a bargain. The founders of Nuro got $40m each to leave Google and start their own company. Hopefully we get some more transparency about pay to bring up the whole field rather than just "AI." After all, at the time of writing software tends to have a higher accuracy rate than machine learning ...