Eric Siu and a guest discuss Meta's aggressive hiring and acquisition strategy targeting OpenAI talent. They break down compensation packages, key personnel moves, and how Meta is positioning itself in AI while touching on broader implications for advertising and product development.
I want to talk about how Meta is basically buying OpenAI right in front of us. When Mark Zuckerberg's offering $100 million to $300 million comp package, like you're gonna— I don't, you know, Sam Altman talks about, oh, you know, we want missionaries versus mercenaries, like, and he says, none of our good people have left yet. I call bull. At the end of the day, people care about taking care of their family and themselves. And so no missionary mercenary, please. So Meta is like, the fact that they acquired Scale for $14.9 billion, or like a big chunk of it, And Alexander Wang is leading this new smart— is it smart intelligence or something intelligence division? And now he has all these OpenAI people. The thing is, Meta can't afford to fall behind in this race because if their ads can be 10x better, 10x more personalized or whatever, they're going to make a lot more money. He cannot afford to lose that. And if there's anything Meta, Mark Zuckerberg has been good at, it has been buying companies, not necessarily innovating, but always buying. He's been good at buying.
WhatsApp, Instagram, WhatsApp were amazing purchases. Yep. And he doesn't buy a lot, but when he buys, you know, even Oculus, I do think that was a good company.
I think Oculus will work out over time because the glasses will work out. Yeah. Yeah. And now he's partnered up with Anduril again, like Palmer Luckey. So he fired him, but then now they're friends again. Right. But my point is like, this is interesting because Meta's doubling down on where they think things should be, where they think things will be going. And he's not afraid to take these big bets. And actually, in hindsight, if you look at how much money they make a year, it's really not that big of a bet to take on like an entire market, right? Yeah. So I think Everything, or we know that whatever company you build comes down to the people that you have, and Mark Zuckerberg is betting on that. Yes. Going back to Jaguar, dude, if I was Tata, because Tata acquired Jaguar and Range Rover, I'd be just so pissed right now.
I'm sure they are. I'd be like, I just spent $1 billion or however many billions buying a company, and this cool marketing campaign that you guys thought was cool just lost me, call it, you know, X billions of dollars. I would just be pissed. This is where marketing could go wrong.
So yeah. Yeah. All right. That's it for today, guys. We will see you tomorrow.
