Generative AI is overhyped in short-term and underhyped in long-term, says Wired's Lauren Goode

Talent Acquisition & Compensation - The AI talent market is highly competitive, with companies like Meta and Apple vying for top engineers [1] - Meta is reportedly offering AI engineers compensation packages worth tens of millions of dollars per year, with some reaching as high as $300 million annually, including $100 million in the first year [7][8] - These packages include cash salary, bonuses, and equity, with accelerated vesting schedules in some cases [9] - Meta's CTO has specified that these incredibly high pay packages would be a certain subset of engineers [9] Generative AI Landscape - Generative AI is considered overhyped in the short term but underhyped in the long term, suggesting the field is still in its early stages [5] - The competition for AI talent resembles sports teams locking up players, indicating the strategic importance of securing top AI professionals [6] - The AI landscape is likely to have multiple winners, rather than a single dominant player [7] Strategic Implications - Companies are making bets on their teams for the future of AI, suggesting a long-term strategic focus [6] - Talent, data, and compute power are critical for companies to succeed in the next era of AI [10] - The high compensation packages may not disrupt the pay scales of every engineer in Silicon Valley but will likely impact a specific group of highly specialized talent [10][11]