Meta Platforms Inc. (NASDAQ:META) has reportedly invested a staggering $250 million to secure the talents of 24-year-old AI prodigy, Matt Deitke.
What Happened: Deitke, a former doctoral student at the University of Washington, initially turned down Meta CEO Mark Zuckerberg‘s offer of around $125 million over four years.
However, following a meeting with Zuckerberg, Deitke accepted a revised offer of approximately $250 million, with the potential to earn $100 million in the first year alone.
As per the report by New York Post, this high-profile recruitment underscores Meta’s aggressive strategy in acquiring AI talent. The company has reportedly spent over $1 billion to assemble a team of industry heavyweights, including former Apple AI models team leader, Ruoming Pang.
Meta’s capital expenditures are projected to surge to $72 billion in 2025, marking a $30 billion increase from the previous year.
Also Read: Mark Zuckerberg Poaches Sam Altman’s Talent With Multimillion-Dollar Offers To Build Meta’s AI Team
Deitke has gained recognition in the AI research community through his work at Seattle’s Allen Institute for Artificial Intelligence and his co-founded startup, Vercept. His research on multimodal systems aligns with Meta’s strategic interests.
Why It Matters: While Meta’s recruitment of top-tier AI talent could fuel innovation, it has also sparked concerns about increasing economic inequality and the concentration of power in AI development. Critics have lambasted companies like Meta for awarding huge sums to a select few elite researchers while simultaneously laying off thousands of workers.
As Meta continues to invest heavily in AI, the implications of this strategy on the broader tech industry and society at large remain to be seen.
The recruitment of Deitke and other top AI talents is a clear indication of Meta’s commitment to AI, but whether this will translate into sustainable success or exacerbate existing inequalities is a question that will unfold in time.
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This article Meta Just Paid $250M To Lure This 24-year-old AI Whiz Kid: A Strategic Move Or A Power Play? originally appeared on Benzinga.com
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