Wang Jian, the founder of Alibaba Group Holding Ltd.’s BABA cloud and AI unit, expressed that exorbitant salaries for AI talent are not essential for true innovation.
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What Happened: In an interview with Bloomberg’s Annabelle Droulers, Jian, who established Alibaba Cloud in 2009, stated that the key to innovation lies in finding the right people rather than paying top dollar for talent.
He contrasted the approach of American tech giants, which he believes are overly focused on existing business success and average technology. Jian emphasized the importance of identifying the right talent for new business and true innovation.
Jian stated, “If it’s true innovation, that basically means talent.”
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This perspective comes amid a trend of major tech companies offering substantial salaries to recruit top AI talent. Meta Platforms Inc. META recently made headlines for its aggressive hiring strategy, including a $14.3 billion deal to acquire a 49% stake in Scale AI and $100 million signing bonuses for OpenAI employees.
Why It Matters: Jian’s comments reflect a growing debate in the tech industry about the most effective approach to securing AI talent. Meta’s recent hiring spree, which has been compared to “mafioso” tactics, has sparked a contentious talent war in Silicon Valley.
Meanwhile, China’s AI industry is witnessing the launch of open-source AI models and consolidation among major tech players. This approach has led to China closing the gap with the US in the AI race, as noted by Nvidia‘s NVDA CEO Jensen Huang.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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