Chinese tech companies ByteDance and Tencent are spending massive amounts on bonuses and salaries to attract and retain AI talent. According to South China Morning Post, the former has increased its budget for employee bonuses by 35% over the previous year, while also allocating 150% more for future salary increases. On the other hand, the latter is reportedly hiring senior staff from competitors, even offering double their current salary just to get them to move.
This is part of the ongoing trend of…
