Payne Capital Management President Ryan Payne explained the key drivers of the S&P 500’s recent rally during an appearance on “Varney & Co.”
Tesla CEO Elon Musk is giving the electric car giant a raise to its artificial intelligence engineers as the automaker seeks to avoid poaching by ChatGPT developer OpenAI. said.
The tech billionaire made the revelation in a series of X posts on Wednesday, confirming a report by The Information that Tesla’s machine learning scientist Ethan Knight has left for Musk’s AI startup xAI.
Elon Musk said Tesla is increasing pay for its AI engineers and that OpenAI is “aggressively hiring” AI engineers. (Sebastian Gollnow/Photo Alliance, via Getty Images/Getty Images)
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| TSLA | Tesla Inc. | 171.11 | +2.73 | +1.62% |
“Ethan was going to join OpenAI, so it was either xAI or them,” Musk wrote. “They have aggressively recruited Tesla engineers by offering huge rewards, and unfortunately in some cases they have been successful.”
Elon Musk to open source GROK chatbot by swiping with OPENAI
“The talent war around AI is the craziest talent war I’ve ever seen,” Musk added, adding that Tesla is increasing pay for its AI engineering teams.

Musk was one of OpenAI’s co-founders in 2015, but retired from the company’s board in 2018. (Harun Ozalp/Anadolu Agency via Getty Images/Getty Images)
OpenAI is considered a leader in generative AI after its ChatGPT chatbot became the world’s fastest-growing software application within six months of its launch in November 2022. This led to the launch of competing bots by Microsoft, Google, and a series of startups. Microsoft is a big investor in OpenAI, plowing billions of dollars into the company.
What is artificial intelligence (AI)?
| ticker | safety | last | change | change % |
|---|---|---|---|---|
| MSFT | Microsoft Corporation | 417.88 | -2.57 | -0.61% |
| Alphabet Co., Ltd. | 151.94 | -4.43 | -2.83% | |
Former Google employee: How “CODE RED” meetings and CHATGPT-led executives take “shortcuts” in launching GEMINI AI
The AI craze has increased demand for AI engineers, even as technology companies have cut jobs in other areas over the past year.

OpenAI CEO Sam Altman during a panel session at the World Economic Forum in Davos, Switzerland, January 18, 2024. (Stefan Vermes/Bloomberg via Getty Images/Getty Images)
Musk was one of OpenAI’s co-founders in 2015, but retired from the company’s board in 2018. He is suing the company and CEO Sam Altman, accusing OpenAI of violating its founding agreement to develop AI for the benefit of humanity, not profit. Microsoft.
CLICK HERE TO GET FOX BUSINESS ON THE GO
Seeking an alternative to OpenAI and Google bots, Musk launched xAI last year to create what he calls the “maximum truth-seeking AI.”
Reuters contributed to this report.





