WebappiaUnique Compensation Packages Offered by OpenAI in Tech Industry #OpenAICompensation
Hashtags: #OpenAICompensation #TechCompanyPerks #UniqueBenefits Summery: OpenAI, the generative AI company behind ChatGPT, has a unique compensation structure that has attracted a lot of attention from tech workers. Unlike many other tech companies, OpenAI's compensation is straightforward and uncomplicated. Most employees receive a flat base salary of around $300,000 along with a…
Unique Compensation Packages Offered by OpenAI in Tech Industry #OpenAICompensation
OpenAI, the generative AI company, has a unique compensation structure that could allow most employees to make millions in the next few years. The company pays a flat base salary of around $300,000 along with yearly equity grants of approximately $500,000. There are no signing bonuses or performance bonuses, and negotiation on compensation is limited. OpenAI recently sold profit participation units (PPUs) for nearly $500 million, and employees can expect to earn at least $2 million in equity pay over four years. The potential upside is significant, with employees potentially making up to $20 million on their PPUs. The company's valuation has doubled since 2021 and is expected to continue to rise.
