Bloomberg | The AI hiring bonanza is making startups rethink equity payouts

Jay Ritter’s insights inform this story about tech startups that long recruited with a simple offer: Join us for a chance at a huge potential payoff in the event of a takeover or initial public offering. Sure, it’s less cushy than a better-paid job at Alphabet Inc.’s Google or Meta Platforms Inc., but many opted to bet on themselves and favored the greater autonomy. But that arrangement is now falling apart, thanks to AI.

Read more in this story from Bloomberg.