According to Xinzhiyuan’s report on June 26, the salary website Levels.fyi recently dug up some information about OpenAI’s salary model through internal channels. It is reported that the annual salary of OpenAI’s software engineers is as high as $925,000. Among them, the basic salary is 300,000 US dollars, and the remaining 625,000 are “equity”.
“Equity” is the original unit PPU created by OpenAI to participate in the distribution of profits. To put it simply, it is the equity incentive that OpenAI gives employees, the PPU worth 625,000 US dollars, which may eventually bring 10 times the cash compensation to employees, which is 6.25 million US dollars. Its value is determined according to a company’s internal guidelines and valuation tools. Employees who hold PPU can sell PPU to obtain cash when external investors invest in OpenAI. However, during the first two years of receiving PPU, employees are not allowed to sell, and the selling price cannot exceed 10 times the internal valuation. Some employees preparing to join OpenAI revealed that the value of PPU is based on OpenAI’s ultimate profitability. If profits cannot be realized, the value of PPU is at risk of being zeroed.
In addition, according to rough statistics, except for software engineers, the base of other positions ranges from 100,000 to 450,000.
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