Dawn of the $900K AI Job

Emmet McGonagle

Aug 17, 2023

Amid Hollywood’s infamous writers' and actors' strike, companies including Netflix and Walmart are spending big bucks on the prospect of employees with artificial intelligence experience (source: WSJ).


Namely, Netflix has posted an AI product management position with a staggering $900,000 salary, highlighting the streaming services commitment to the role of machine learning moving forward.


Unsurprisingly, this jaw-dropping job posting - alongside others at Netflix including AI-focused engineering managers and research scientists, many of which have $400,000 base salaries  -  has sent the internet into a wider discussion about the role of artificial intelligence and its impact on creatives.


Eva Platini-Hernandez, vice president of business development at WHP Global, said via LinkedIn: “Netflix has responsibilities on dual fronts. As AI transforms industries, their investments reflect a commitment to innovation. It's about staying competitive and embracing a tech-driven future.


“However”, she continued, “ amidst this AI excitement, the need for fairness cannot be overshadowed. While AI researchers command princely salaries, creators' concerns deserve attention. Let's channel our energy into creating an equitable future, where the value of all contributors is recognized and rewarded.”


On the other hand Camille Renshaw, CEO and Cofounder of B+E, maintained “You won’t lose your job to AI… you will lose your job to someone who knows how to leverage AI to do your job better”; while Dr. Mansoor Samavatian, director of technology at HCLTech added: “Overpaying for AI talents and setting unrealistic expectations isn't just unsustainable - it risks deflating the momentum we've built in this innovative sector.


“ Instead, let's prioritize a balanced approach: invest in training new talents, maintain fair compensation, and create a nurturing environment for growth. This way, we keep the AI community thriving and grounded.”


Do you have a question about angel investing? Get in touch with Valhalla Private Capital via our contact page.

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More than half of workers believe that disclosing worker compensation details on job postings will lead to better equality in pay, according to the latest iteration of LinkedIn’s Workforce Confidence Index . The index - which is based on a survey of 3,302 members in Canada between June and September 2023 - found that 52% of people asked felt that people sharing their pay information (including salary and bonus) would improve workplace equality, compared to 48% in 2022. This number varies between different generations, with younger Canadians more likely to express support for pay transparency (73%), followed by 69% of Millennials, 46% of Gen X and 44% of Baby Boomers. However, 37% of those surveyed remarked that they felt anxious about sharing their pay information - a 2% rise from the year prior. Likewise, just under half (49%) said they felt well compensated for the work they do while 74% expressed that the pay gap between CEOs and employees had become too wide. The people of LinkedIn have come out in their dozens to give their two cents on the topic, with Adrienne Tom , executive resume writer for executives, saying: “ I'm all for salary transparency, so long as the number is clear and legit. Some postings list salary ranges so wide that the actual salary number isn't entirely clear, leaving job seekers confused.” “If you have a manager who is not advocating for the pay gap, you are working for the wrong manager,” remarked career strategist Sweta Regmi , while noting that women in Ontario earn an average of $0.87 for every dollar earned by men. On the topic, she added: “Salary ranges with job postings can help close the gender pay gap while allowing companies to find qualified candidates more quickly.” Do you have a question about angel investing? Get in touch with Valhalla Private Capital via our contact page .
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