Altman's OpenAI Scraps Equity Vesting Policy Amid 'Code Red' AI Race

OpenAI removes equity vesting cliff for employees

OpenAI has ended its policy requiring employees to complete a minimum tenure before their equity begins vesting, according to a report by The Wall Street Journal, citing people familiar with the matter. The move eliminates the company’s six-month “vesting cliff,” allowing equity to vest immediately upon joining. The decision follows an earlier change in April, when the ChatGPT maker shortened its vesting cliff for new hires to six months from th…

OpenAI changes equity policy, allows immediate vesting for employees

New Delhi: A report by The Wall Street Journal indicates that OpenAI is terminating a long-time policy that mandated employees to remain in the company at least six months before equity could start to vest. It affects the employees throughout the firm and is yet another move towards reorganising the employee compensation at the AI company. This step is based on a previous announcement in April, where OpenAI shortened the vesting wait for new emp…

Altman's OpenAI scraps equity vesting policy amid 'code red' AI race

OpenAI is aiming to attract technical talent by allowing new employees immediate access to their equity rather than having them wait six months.  Within the tech industry, top AI researchers now have such leverage that companies like Meta, xAI, OpenAI, and more are offering monetary compensation and incentives to attract and retain them.  What are tech companies doing about the talent shortage?  Fidji Simo, OpenAI’s applications chief, announced…

OpenAI drops equity waiting period to encourage risk-taking

The war for AI talent is getting even pricier. OpenAI is now eliminating the waiting period for shares entirely, a move designed to encourage new employees to take greater risks. The article OpenAI drops equity waiting period to encourage risk-taking appeared first on THE DECODER.