Wow... what a hyped up clickbait article! If you are a top performer in virtually any field in the world, you are likely making 10X than average norms. It doesn’t mean everyone is getting 10X. To get $1M in AI field you will need to have PhD from top institute, probably under well known adviser, might have even written a book, published award winning papers at top conferences and so on. It’s a big list and there are likely less than dozen people would qualify. And yes, they do deserve 10X income.
It’s not that author doesn’t know this. He even tries to protect himself by making sure facts are included:
At DeepMind, a London A.I. lab now owned by Google, costs for 400 employees totaled $138 million in 2016, according to the company’s annual financial filings in Britain. That translates to $345,000 per employee, including researchers and other staff.
is this just salary costs- rule of thumb is an employee costs 3x their salary. However working at the bleeding edge can increase this multiplier a lot as you need a lot lot more support (large clusters, large equipment costs etc)
I used to work at a world leading Rnd Organisation and they where trying to get the OH rate under 500%.
It’s not that author doesn’t know this. He even tries to protect himself by making sure facts are included:
At DeepMind, a London A.I. lab now owned by Google, costs for 400 employees totaled $138 million in 2016, according to the company’s annual financial filings in Britain. That translates to $345,000 per employee, including researchers and other staff.