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.
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-...
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-engine...