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Over the last several weeks, Meta has been offering top artificial intelligence (AI) researchers lucrative contracts.
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These people are now part of Meta Superintelligence Labs, a division focused on competing directly with OpenAI and others.
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Jensen Huang appears to be supportive of Meta’s hiring strategy, but there’s a catch.
Every few decades, the technology world is reshaped by a generational visionary who somehow seems to see the future before it actually unfolds. Right now, the most important technologist might just be Jensen Huang, the CEO of Nvidia (NASDAQ: NVDA).
Huang does not understand artificial intelligence (AI) purely from a technical perspective. The way he speaks about it is more cerebral.
Beyond Huang, another technological visionary who is worth paying close attention to is Mark Zuckerberg, the CEO of Meta Platforms. Over the last several weeks, Meta has reportedly been on an aggressive hiring campaign, poaching top AI researchers from OpenAI, Alphabet, GitHub, and Apple.
Huang recently addressed Meta’s hiring strategy during a discussion at the All-In Summit, hosted by billionaire venture capitalist Chamath Palihapitiya.
While Huang’s comments about Meta sounded supportive overall, I think there are some key nuances to point out as Zuckerberg seeks to take on competition in the AI realm.
Let’s dig into Huang’s comments and assess what could be in the cards for Meta investors.
In a video clip shared on social media, Huang shares his thoughts around Meta’s recent hiring spree and the reported hundred-million-dollar signing bonuses.
Huang said that a team of roughly 150 researchers and appropriate funding could potentially go on to build a rival platform to OpenAI’s ChatGPT. To back up his claim, he explained that several existing AI models that compete with ChatGPT were built by a team of similar size to what Zuckerberg is reportedly assembling through the creation of Meta Superintelligence Labs (MSL).
On the surface, this sounds like Meta just earned a vote of confidence from Nvidia, once referred to as the “godfather of AI.” But is that really the case?
I think there might be more than meets the eye to Huang’s comments.
As a private company, OpenAI is not required to publish its financials or operating metrics. However, according to reports from CNBC, OpenAI now has 3 million paying enterprise customers and $10 billion in annual recurring revenue (ARR). To put this into perspective, OpenAI’s ARR was estimated to be around $5.5 billion last year.
