"The European AI Talent War: Implications for IT Professionals and Companies"

The influx of AI startups in Europe has intensified the competition for technical talent, with companies like Google DeepMind facing pressure to retain employees amidst a wave of well-funded rivals. High-profile exits from DeepMind have led to the emergence of new ventures with multi-billion dollar valuations, prompting the company to offer restricted stock to senior researchers. The competition for AI talent has led to a significant increase in pay for C-suite staff, with foreign AI giants like Anthropic and Cohere further escalating the battle for talent. Startups are attracting talent from Big Tech by offering more influence over the company's direction, as the talent war gives workers leverage to make demands of their prospective employers.