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xAI paid one worker double the industry standard wage for the role; one OpenAI worker made over three times as much. AdvertisementTo examine Musk's claims about salaries, Business Insider analyzed wage data from specialty visa applications for each company from 2024. At the top end, xAI paid one worker nearly double the prevailing wage for the role of principal machine learning engineer. Since launching xAI Musk "has been trying to leverage the judicial system for an edge," they added. In April, Musk said xAI brought over a Tesla engineer after OpenAI began "aggressively recruiting" workers from the electric-car maker.
Persons: Elon Musk, overpays, xAI, — Elon Musk's xAI, Sam Altman's OpenAI, Musk, Altman's, OpenAI, PitchBook, Altman, bashed OpenAI, OpenAI's, Elon Musk's, Musk's, Igor Babuschkin Organizations: Customs, Immigration Services, Department of Labor, Employers, xAI Locations: OpenAI, Elon, Musk's
The Education Department announced $39 billion in debt relief for over 800,000 borrowers. On Friday, President Joe Biden's Education Department announced that over 800,000 student-loan borrowers will receive $39 billion in debt relief in the coming months thanks to a one-time adjustment to accounts enrolled in an income-driven repayment plan. Here's what borrowers should know if they want to benefit from the relief. How to make sure your loans qualifyThe account adjustment only applies to direct federal loans and FFEL loans held by the Education Department. How to get a refund if a borrower overpaysOnce a borrower reaches the repayment threshold, they automatically qualify for forgiveness.
Persons: Joe Biden's, Education Department —, you'll Organizations: Education Department, Service, Joe Biden's Education Department, Family Education, Federal Student Aid Locations: Wall, Silicon, PAYE
Pfizer Overpays for Seagen, but Who’s Counting
  + stars: | 2023-03-13 | by ( David Wainer | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/pfizer-overpays-for-seagen-but-whos-counting-695be747
Billionaire investor Warren Buffett calls stock buyback critics economically '"illiterate". He pushed back against criticism against share repurchases his widely read letter to shareholders released Saturday. His scathing pushback on Saturday was aimed toward opponents of stock buybacks, which include high-profile critics such as fellow Democrat President Joe Biden. Biden and other Democratic lawmakers say stock buybacks benefit corporations and their executives at the cost of shareholders. As for Berkshire, it cut its share repurchases this year to $8 billion, but its cash stockpile still declined.
Manhattan rents hit an all-time high in January
  + stars: | 2023-02-09 | by ( Robert Frank | ) www.cnbc.com   time to read: +2 min
Median rents in Manhattan hit a new record in January as a strong job market and limited supply of apartments lifted prices. But despite a cooling economy and high-profile layoffs in finance and tech, rental demand in Manhattan remains strong. Analysts say the main driver for Manhattan's rental market is a strong job market. Analysts say rents aren't likely to come down much, if at all, in the coming months, unless the economy and job market loses steam. "I believe 2023 will be just as strong as 2022 as far as the rental market [goes]," Young said.
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