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> OAI employees have no equity. OpenAI employees have no equity? Well, then where exactly is that $86B of "existing employees' shares" coming from? > ChatGPT
by tedmiston 3y ago
> OAI employees have no equity.
OpenAI employees have no equity? Well, then where exactly is that $86B of "existing employees' shares" coming from?
> ChatGPT creator OpenAI is in talks to sell existing employees' shares at an $86 billion valuation, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
https://www.reuters.com/technology/openai-talks-sell-shares-86-billion-valuation-bloomberg-news-2023-10-18/ https://www.reuters.com/technology/openai-talks-sell-shares-...
https://www.reuters.com/technology/openais-86-bln-share-sale-jeopardy-following-altman-firing-information-2023-11-18/ https://www.reuters.com/technology/openais-86-bln-share-sale...
A random OpenAI eng job page clearly states: "Total compensation also includes generous equity and benefits."
https://openai.com/careers/software-engineer-leverage-engineering https://openai.com/careers/software-engineer-leverage-engine...