To get the top talent it seems $160k is on the very low end...
Typical A.I. specialists, including both Ph.D.s fresh out of school and people with less education and just a few years of experience, can be paid from $300,000 to $500,000 a year or more in salary and company stock.
Also the tech giants including Baidu and Google spent between $20B to $30B on AI in 2016, with 90% of this spent on R&D and deployment, and 10% on AI acquisitions. $15m without the right talent (data scientists are not machine learning/AI experts) and no product in market isn't even table stakes against the giants.
They've already lost the AI battle, page-2
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