Alibaba Cloud founder says early innovation doesn't need top-dollar hires: 'What happened in Silicon Valley is not the winning formula'

The founder of Alibaba's cloud and AI unit said massive paychecks for AI talent aren't the key to true innovation.

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• Paying top dollar for AI talent isn't necessary for true innovation, said Alibaba Cloud's founder.
• "The only thing you need to do is to get the right person," Wang Jian said in an interview with Bloomberg.
• "What happened in Silicon Valley is not the winning formula," he added.

True innovation doesn't come from highly paid engineers...