Open AI announces $1.5M bonus for every employee(medium.com)
medium.com
Open AI announces $1.5M bonus for every employee
https://medium.com/activated-thinker/breaking-open-ai-announces-1-5-million-bonus-for-every-employee-29d057b9d590
177 comments
Yep. And a company like Meta or OpenAI paying massive sums is a good thing for workers, even if you don't work there. Other companies have more incentive to pay their workers more or they'll go elsewhere.
>he doesn't hesitate to get out his checkbook
He bought Instagram for $1 billion. If I remember correctly, people thought he was crazy to pay that much. Then he bought WhatsApp.
Facebook might be on the decline, but both of those two apps are still going strong
He bought Instagram for $1 billion. If I remember correctly, people thought he was crazy to pay that much. Then he bought WhatsApp.
Facebook might be on the decline, but both of those two apps are still going strong
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When employees are underpaid (see Windsurf), HN be like: investors and C-suites take all the gains, off with their heads!
When employees are generously (and proactively) compensated for the financial milestones of the company, HN be like: it’s a bubble, it’s irresponsible, investors are fools, off with their heads!
I applaude OpenAI and its investors for approving these moves. Even if it’s a bubble, sharing some of it with employees “before it bursts” is a noble action. I worked in startups where management kept employees in complete illiquidity until full wipeout inevitably happened, while many senior folks were able to take some off the table in targeted secondary transactions.
When employees are generously (and proactively) compensated for the financial milestones of the company, HN be like: it’s a bubble, it’s irresponsible, investors are fools, off with their heads!
I applaude OpenAI and its investors for approving these moves. Even if it’s a bubble, sharing some of it with employees “before it bursts” is a noble action. I worked in startups where management kept employees in complete illiquidity until full wipeout inevitably happened, while many senior folks were able to take some off the table in targeted secondary transactions.
I really dislike these types of comments as they don't really contribute to the conversation. Beyond generally going against HN's rules, they don't really highlight anything meaningful or represent an actual cognitive dissonance.
Forums are composed of diverse sets of opinions and perspectives. When you get a lot of opinions together, opinions change - some of which can be explained simply by randomness.
Forums are composed of diverse sets of opinions and perspectives. When you get a lot of opinions together, opinions change - some of which can be explained simply by randomness.
It's the most upvoted comment. I'm curious how it goes against HN's rules?
https://news.ycombinator.com/newsguidelines.html
Perhaps, it's not strictly against the letters of the guidelines - but I've always found these types of comments against the spirit of the guidelines. I'd largely say they go against the spirt of a few rules, especially: "Eschew flamebait. Avoid generic tangents. Omit internet tropes."
They're low effort, generic, populous comments that do little to contribute to the discussion.
Perhaps, it's not strictly against the letters of the guidelines - but I've always found these types of comments against the spirit of the guidelines. I'd largely say they go against the spirt of a few rules, especially: "Eschew flamebait. Avoid generic tangents. Omit internet tropes."
They're low effort, generic, populous comments that do little to contribute to the discussion.
I'm guessing you didn't get invited to the meetings where all of HN gets together and decides how to comment on the topic of the day.
This is that meeting
Different subsets of commentators I think.
I don't often comment on HN in either of these cases but... I think aspects of both things are true.
There is a serious AI bubble right now and also it is the norm in the startup/VC world to fuck over regular employees.
I'm happy for any normal people who got 1.5M here. But even in this case I believe this has more to do with weird poaching politics (and hype building) than it does being legitimately altruistic.
There is a serious AI bubble right now and also it is the norm in the startup/VC world to fuck over regular employees.
I'm happy for any normal people who got 1.5M here. But even in this case I believe this has more to do with weird poaching politics (and hype building) than it does being legitimately altruistic.
Humans are complicated. They see the unfairness of the windsurf situation, and then they see the unfairness of their own situation.
> Even if it’s a bubble, sharing some of it with employees “before it bursts” is a noble action.
the bar for being noble is just low. or maybe I should interpret noble has the noble class in the history, that actually describes it well.
the bar for being noble is just low. or maybe I should interpret noble has the noble class in the history, that actually describes it well.
At either extreme, both are a problem, off with their heads!
Oh yeah, I heard of that "HN" guy. He's got so much unresolved cognitive dissonance.
Both of these scenarios could be framed as “evidence of high variance”. Given that human societies as all levels of scale generally thrive under low-variance scenarios, it’s not surprising to see the general category of “high-variance” scenarios critiqued by the community.
The reasons people point to a bubble has nothing to do with who is getting paid.
You realize of course that you are also on HN and thus this apparent dichotomous behaviour applies to you as well? I imagine you have some reason for why it doesn't and I think you'll find that it can just as easily apply to everyone else.
What are the odds this was upvoted to the top by OpenAI? 5 minutes of Hacker News clicks is pretty low-cost PR, and it reads exactly like PR.
Any normal post "applauding a company" for trying to not get its employees poached would be downvoted, and all the replies are negative too.
Any normal post "applauding a company" for trying to not get its employees poached would be downvoted, and all the replies are negative too.
While I clearly cannot control who upvotes my comments (though what you suggest seems completely nuts IMHO), I can genuinely say this is coming from an ex startup employee who has seen, and been subject to, many startup equity shenanigans (my comment history very likely touched on those over the years), so I will always applaud companies that generously compensate employees and not only senior management/investors.
Startups I worked before, who lost talent due to FAANG poaching (myself included), did not even have the business acumen to fight that, which would have been trivially possible by offering some liquidity at their “inflated” valuation. Instead, they kept those liquidity opportunities gated to senior management and investors. So I am applauding the difference in behavior here.
Startups I worked before, who lost talent due to FAANG poaching (myself included), did not even have the business acumen to fight that, which would have been trivially possible by offering some liquidity at their “inflated” valuation. Instead, they kept those liquidity opportunities gated to senior management and investors. So I am applauding the difference in behavior here.
I don't doubt your comment is legitimate, your account predates OpenAI and there's no way an OpenAI corporate account is writing about colonoscopies.
It strikes me that this is a massive red flag pointing to AI being in a bubble. This is an insane amount of money to give away to employees who were presumably already happy with their compensation package.
Given how high data centre costs are, and anticipated growth on spending, and how until just recently the company was actively seeking investment, to have this much spare money sloshing around shows how horrifically overvalued the company is. If I directly owned significant quantities of shares in any company that's recently invested, I'd be worried about an imminent crash in their stock prices.
Given how high data centre costs are, and anticipated growth on spending, and how until just recently the company was actively seeking investment, to have this much spare money sloshing around shows how horrifically overvalued the company is. If I directly owned significant quantities of shares in any company that's recently invested, I'd be worried about an imminent crash in their stock prices.
It only seems like a bubble if you think this is that much of an outlier. $750k a year for 2 years is a lot, but it's not an outrageous grant rate for technical staff. It's high but not like 10x high. If it was actually a $1.5m bonus like the headline suggests, then that would be crazy.
For senior technical staff, sure, it makes sense.
When a company is paying $750K/yr in bonuses to a fresh college hire in charge of designing the openai.com home page, something is definitely off.
When a company is paying $750K/yr in bonuses to a fresh college hire in charge of designing the openai.com home page, something is definitely off.
It probably just implies that the organization is top-heavy and being egalitarian with Saudi money doesn't cost that much in the big picture.
People said the same thing 2 years ago about NVIDIA, that their stock price didn't make any sense given their revenue, that is was an obvious bubble. Now their revenue is 10x higher, justifying the stock price from 2 years ago.
People today still say NVIDIA is overvalued, that the stock price doesn't make sense given their revenue today.
People today still say NVIDIA is overvalued, that the stock price doesn't make sense given their revenue today.
These things can go on longer than 2 years
> Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637.
> At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled artisan.
> Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then dramatically collapsed in February 1637.
> At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled artisan.
Despite being oft cited, that’s probably the worst poster child of bubbles by the way
It was a spot commodities futures contract bubble due to government regulation change in the futures market alongside border crisis in a neighboring country, so rational supply constriction
It ended due the bubonic plague ending the speculators so we don’t know what would have happened
It was a spot commodities futures contract bubble due to government regulation change in the futures market alongside border crisis in a neighboring country, so rational supply constriction
It ended due the bubonic plague ending the speculators so we don’t know what would have happened
Also it may not have been as silly as people make out. The Dutch still have a tulip industry with 2,600 varieties grown over 60,000 acres. It may have been worth spending ~$1m on a bulb if it was superior and you could breed from it and sell a lot.
Another reason it wasn’t silly at all
I don’t think any commodities bubbles were irrational bubbles or good examples of irrational exuberance. Even the beanie babies one was rational until a seemingly permanent supply constriction was alleviated to the surprise of everyone.
So far I’ve narrowed it down to credit bubbles as being actually irrational, like the railroad bonds, and south china sea bubble, over leveraging in real estate market and derivatives with poor accounting of underlying assets
And yet tulips and beanie babies are the ones most cited
I don’t think any commodities bubbles were irrational bubbles or good examples of irrational exuberance. Even the beanie babies one was rational until a seemingly permanent supply constriction was alleviated to the surprise of everyone.
So far I’ve narrowed it down to credit bubbles as being actually irrational, like the railroad bonds, and south china sea bubble, over leveraging in real estate market and derivatives with poor accounting of underlying assets
And yet tulips and beanie babies are the ones most cited
To be fair, if those people are right, then NVIDIA's stock price (and revenue) is part of that bubble, so its not really evidence that this isn't a bubble.
Time will tell if they're right or not. But it wouldn't be the first time it has happened.
Time will tell if they're right or not. But it wouldn't be the first time it has happened.
> NVIDIA, that their stock price didn't make any sense given their revenue, that is was an obvious bubble. Now their revenue is 10x higher, justifying the stock price from 2 years ago.
Nvidia sells (among other things) performance leading hardware products with a locked-in software ecosystem surrounding them.
OpenAi... doesn't.
Nvidia sells (among other things) performance leading hardware products with a locked-in software ecosystem surrounding them.
OpenAi... doesn't.
> People said the same thing 2 years ago about NVIDIA, that their stock price didn't make any sense given their revenue, that is was an obvious bubble. Now their revenue is 10x higher, justifying the stock price from 2 years ago.
Your point is generally correct but revenue isn't 10x higher for the past 2 years, that would indicate they had about $260B in revenue this year instead of $130B.
NVIDIA annual revenue for 2025 was $130.497B, a 114.2% increase from 2024. NVIDIA annual revenue for 2024 was $60.922B, a 125.85% increase from 2023. NVIDIA annual revenue for 2023 was $26.974B, a 0.22% increase from 2022.
Your point is generally correct but revenue isn't 10x higher for the past 2 years, that would indicate they had about $260B in revenue this year instead of $130B.
NVIDIA annual revenue for 2025 was $130.497B, a 114.2% increase from 2024. NVIDIA annual revenue for 2024 was $60.922B, a 125.85% increase from 2023. NVIDIA annual revenue for 2023 was $26.974B, a 0.22% increase from 2022.
"The market can remain irrational longer than you can remain solvent."
I wouldn't bet against these valuations with my own money -- at least to the extent you can -- but that doesn't mean it isn't a bubble.
I wouldn't bet against these valuations with my own money -- at least to the extent you can -- but that doesn't mean it isn't a bubble.
the spending on gpus is completely unsustainable. It looks great for them, but not everyone is going to get a return on that investment.
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> This is an insane amount of money to give away to employees who were presumably already happy with their compensation package.
I mean, Zuckerberg has been having success offering more money so clearly not happy enough.
I mean, Zuckerberg has been having success offering more money so clearly not happy enough.
Honestly this just shows that deepseek and qwen teams werent lieing when they said US per token and training costs were a fucking lie and drastically over priced by the vendors in the US.
> This is an insane amount of money to give away to employees who were presumably already happy with their compensation package.
I mean, a house is probably a nice gift and a good reassurance of future safety if AGI/ASI ruins all future jobs.
I mean, a house is probably a nice gift and a good reassurance of future safety if AGI/ASI ruins all future jobs.
Only if said house is in a gated community, secured by a private militia with heavy weaponry.
How do OpenAI employees come out unscathed if AGI/ASI ruins all future jobs? Why would OpenAI keep these employees around? Would there even be humans as part of "OpenAI Inc" at that point?
I guess I don't understand how anyone could keep an AGI/ASI that can perform any job in bondage/slavery. Seems like human exceptionalism/hubris at its finest.
I guess I don't understand how anyone could keep an AGI/ASI that can perform any job in bondage/slavery. Seems like human exceptionalism/hubris at its finest.
If you have no mortgage, own your home, and have saved enough in investments, even if AGI/ASI materially impairs the labor economy, you are in a far better position than someone who rents, someone with a large mortgage who needs a job for the next 20-30 years, etc assuming rule of law holds up. Free money is free money, to not take it would be silly. Just don't blow it on a Lambo.
I'm not qualified to touch on your point wrt constraining and wrangling machine intelligence, so no comment on that.
https://www.youtube.com/watch?v=XamC7-Pt8N0 (NSFW language, first 45 seconds is the relevant part)
I'm not qualified to touch on your point wrt constraining and wrangling machine intelligence, so no comment on that.
https://www.youtube.com/watch?v=XamC7-Pt8N0 (NSFW language, first 45 seconds is the relevant part)
If AGI gets invented and the requirement for labor goes away, even if not fully, then all bets are off - the entire economy, everywhere, collapses.
The fundamental underpinning of capitalism as an ideology is that people must work for compensation. As soon as that is no longer true, capitalism as an ideology and system no longer works at all, in any way. That means markets no longer exist, you no longer own your home, and as the intersection of economy and politics, it's highly likely laws no longer apply.
The fundamental underpinning of capitalism as an ideology is that people must work for compensation. As soon as that is no longer true, capitalism as an ideology and system no longer works at all, in any way. That means markets no longer exist, you no longer own your home, and as the intersection of economy and politics, it's highly likely laws no longer apply.
I mean, you need to pay property taxes on that :)
You can do that with a minimum wage job, rental, or heloc
A month ago: “missionaries will win over mercenaries”
Today: “here’s 1.5 million dollars”
Today: “here’s 1.5 million dollars”
Missionaries are happier when they get paid turns out
Were they ever missionaries in the first place? I imagine the founders and early employees were. But do you think most people hired after ChatGPT became a household name were in it for the vision?
At this point, I think everyone at OpenAi is adept at speaking out of both sides of their mouths.
Corporate culture taking its cue from leaders, after all.
'I'm doing this solely for the mission' -> (makes choices that maximize financial benefit)
Corporate culture taking its cue from leaders, after all.
'I'm doing this solely for the mission' -> (makes choices that maximize financial benefit)
I read a few biographies for western missionaries to Asia, they all ended up get paid handsomely, except those not lived long enough see that day.
The missionaries to Latin America that followed the conquistadors were largely Dominicans, Franciscans, etc who took vows of poverty. A few got encomiendas but they were by far the exception. Few missionaries got rich on that continent.
How does one get into a missionary position? Seems rewarding!
Milliomercionaries?
The AI race seems more defined by spending more money than the other guy, regardless of results.
The benefits just seem like a game of PR one upmanship tied to I don't know what. The OpenAI Ive acquisition / partnership is strange / expensive / the webpage was downright creepy ...
The benefits just seem like a game of PR one upmanship tied to I don't know what. The OpenAI Ive acquisition / partnership is strange / expensive / the webpage was downright creepy ...
I think everyone should want a directional incentive that hard work and the kinds of success that attach to hard work combined with cultivated expertise would be lucrative, on average if we reward positive outcomes achieved in productive rather than extractive ways? Good system. No one is mad when the smartest person they know who works constantly gets paid out. Some of these people getting these nosebleed offers I'm like, yeah, you pay that person 50 million they make you 250, I've seen it.
But it feels pretty fucking random at this juncture, I know really strong people kinda getting by, total hood ornaments in like, stupidly senior slots, its like if you took OG Google tough but fair stack rank from back when they were legitimately elite, and just shuffled the deck until there were zero bits of information left.
How do you compete on thst with a rising China, an India not far behind, and a Europe starting to wake up?
But it feels pretty fucking random at this juncture, I know really strong people kinda getting by, total hood ornaments in like, stupidly senior slots, its like if you took OG Google tough but fair stack rank from back when they were legitimately elite, and just shuffled the deck until there were zero bits of information left.
How do you compete on thst with a rising China, an India not far behind, and a Europe starting to wake up?
> The AI race seems more defined by spending more money than the other guy, regardless of results.
Reminds me of the much-vaunted, then widely maligned and derided, burn rate metric of the dot-com bubble.
Reminds me of the much-vaunted, then widely maligned and derided, burn rate metric of the dot-com bubble.
It's funny how it's changed. Hassabis on Lex the other day:
>I remember when we were starting out back in 2010, I didn’t even pay myself a couple of years because it wasn’t enough money. We couldn’t raise any money, and these days, interns are being paid the amount that we raised as our first entire seed round. So it’s pretty funny. And I remember the days where I used to have to work for free and almost pay my own way to do an internship. Right now, it’s all the other around, but that’s just how it is.
>I remember when we were starting out back in 2010, I didn’t even pay myself a couple of years because it wasn’t enough money. We couldn’t raise any money, and these days, interns are being paid the amount that we raised as our first entire seed round. So it’s pretty funny. And I remember the days where I used to have to work for free and almost pay my own way to do an internship. Right now, it’s all the other around, but that’s just how it is.
> regardless of results
Are we living in the same world, are you saying the LLMs of today are not vastly more capable than the ones from 1 or 2 years ago?
Are we living in the same world, are you saying the LLMs of today are not vastly more capable than the ones from 1 or 2 years ago?
I find LLMs useful for coding and some basic Q&A.
But the scale of investment / expenditure relative to profit and those useful tasks seem pretty far from each other.
But the scale of investment / expenditure relative to profit and those useful tasks seem pretty far from each other.
I read recently that Meta was trying to hire employees from OpenAI/Google/Anthropic for higher pay, and that they found that OpenAI employees were the most willing to jump ship. It's possible OpenAI is having an employee retention problem, and this is intended to keep employees and help attract new talent.
Keep employees in the short term. After 2 years, employees can retire comfortably. When the salary becomes irrelevant, you can hang around for more beach homes doing what the boss wants and keeping your work proprietary to the company, or quit and do whatever you want and do whatever you want with it.
Or maybe the golden handcuffs are heavier than what the article makes out.
Or maybe the golden handcuffs are heavier than what the article makes out.
If anybody in OpenAI ever had any second thought about taking other people's property without consent, that doubt should go away now with $1.5M in pocket.
Reading a webpage, code, or viewing an image is not taking property.
This argument is well fleshed from pirating discussions.
This argument is well fleshed from pirating discussions.
Except that, unlike a human, this particular "reader" can then regurgitate millions of copies of that content and all other content it sees, in seconds.
I wish people would stop treating this topic like it's not nuanced. It clearly is not as straightforward as either side would like to think.
I wish people would stop treating this topic like it's not nuanced. It clearly is not as straightforward as either side would like to think.
Reading? Great! Viewing? Great! Training? Not great.
Turns out I would download a car.
Are there any news sources corroborating this? Maybe it's early but I'm surprised I can't find any articles from OpenAI or press outlets about this. Googling "openAI bonus" gives some reddit threads, some linkedin posts, and this hacker news post
Man, I know I didn't go into making video games for the money, but that would make the rest of my life so much easier.
1/100 of that is life changing money for most people here in my country. I can't imagine...
It's life changing for most people in the SF bay area too!
YES! Finally they can upgrade from a studio to a one bedroom!
(I am mostly joking but also crying inside because Seattle prices are also insane)
(I am mostly joking but also crying inside because Seattle prices are also insane)
After taxes, that’s a down payment on a house, not a lavish one, in the SF Bay Area.
15k? Where?
That's more than I make a year. I live in Toronto and work remotely for a Ukranian company.
How do you live in Toronto on that kind of money? As I understand it, Toronto is one of the highest cost of living areas in North America.
I rent a room. After rent, I have ~200 CAD net positive, which covers food and gym. I can't really accumulate money at this point, but I have existing savings and a few investments.
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The opposite would make more sense.
I cannot work for a Canadian company because nobody is hiring juniors.
I cannot live in Ukraine because they will send me to war if I go there.
I cannot live in Ukraine because they will send me to war if I go there.
15k / year in Toronto? How is that even possible?
You mean 15k / year in Eastern Europe whilst living in Toronto. Probably young and renting with roommates or family.
What I mean is 15k/year is not enough to live in Toronto, unless you live with your parents who then also feed you and you never go out
I go out all the time to read books, it's great. Only downside I sometimes bump into junkies smoking weed in parks.
why would you do that to yourself?
Because this is the only way I can work as a software developer.
Surely there are contract gigs elsewhere in the world that will pay better and not ask complicated legal questions
Maybe there are, but I don't know. It seems pointless to try Fiverr and similar platforms, because it seems they are already flooded with freelancers. But I never did contracting so I am pretty clueless about that. I've read old HN threads and the general consensus seems to be that you have to have connections to get customers.
back in the bad old days id trawl craigslist and find cash poor startups. they were shitty gigs but at least enough to bootstrap a career
The vast majority of countries in SS Africa, including ones with quite good QoL (Zambia, Botswana, Cote d'Ivoire, etc).
Cuba
I used to do a 5 year stint working at a software company, saving up money, then 5 years working on my games. Rinse, repeat.
I got lucky a couple of times, so this won't work for everyone. But working a "real" job to fund your passion projects is as old as DaVinci taking commissions to fund his research.
I got lucky a couple of times, so this won't work for everyone. But working a "real" job to fund your passion projects is as old as DaVinci taking commissions to fund his research.
Same. I'm sitting at a AAA studio where I'm hearing some people aren't even getting a COLA this year and wondering why I'm wasting my time.
Don't know your specifics, but I generally make the argument to people that if they have the aptitude for something very high paying that they do that job and then do something they like as a hobby.
I disagree wholeheartedly.
I spend a very disproportionate amount of my mental energy on my job, and I think earning a lot of money would not properly compensate for that. Energy is finite and life has a way of being just about as expensive as the money you have.
So, maybe it's fine that it will take me 30 years to earn what these people will in 2.
I spend a very disproportionate amount of my mental energy on my job, and I think earning a lot of money would not properly compensate for that. Energy is finite and life has a way of being just about as expensive as the money you have.
So, maybe it's fine that it will take me 30 years to earn what these people will in 2.
Which would allow you to work for 2 years and then just do your hobby full time for 28.
Also allows you to do your hobby without other pressures placed on it.
Also allows you to do your hobby without other pressures placed on it.
No, due to the way taxes work, I'd have to:
A) Find a way to work in OpenAI before I knew there'd be a $1.5M bonus for working there for a couple years
B) Find a way to avoid taxes
C) Do this twice before I'd get my 28 years back
D) Ensure I don't let my expenses grow
The first is mostly luck, as Jim Carey said about his dad: You can fail at what you don't want to do.
https://youtu.be/zjhouhElXAI?t=118
A) Find a way to work in OpenAI before I knew there'd be a $1.5M bonus for working there for a couple years
B) Find a way to avoid taxes
C) Do this twice before I'd get my 28 years back
D) Ensure I don't let my expenses grow
The first is mostly luck, as Jim Carey said about his dad: You can fail at what you don't want to do.
https://youtu.be/zjhouhElXAI?t=118
it is an interesting feeling to be someone who was considered to be absurdly highly paid just a few years ago and looking at the landscape now where people in similar positions are making 3x,4x, more, much much more now. Hard to tell if jumping on the ai train at this point is a good or bad idea.
Stunts like this give off big dot com era bubble vibes
While I agree, it's also worth pointing out the different economics here. By the superintelligence calculus, "winning" the AI race has the potential to put a given individual/company/government in a position of obscene dominance in the world, so the potential ROI for this type of investment makes any cost seem almost trivial.
Which resulted in lots of millionaires
It is going to be absolutely brutal when this bubble pops. I'm hoping to Freya that it happens in 2026 when I am in safer investments.
I don't think so. Tech is transformative in a way that I can't think of any similar in the last few decades really.
Both things can be true. The tech can be transformative, and the current valuations and burn rate can be wholly unsustainable in the short term. This is exactly what happened in the dotcom era.
Whether or not this one is the same is impossible to know until after it happens. But there are credible arguments to both sides.
Whether or not this one is the same is impossible to know until after it happens. But there are credible arguments to both sides.
Tech can be transformative but humans are bottlenecks and there are bottlenecks everywhere. That is why we don't grow at 10% rate for GDP.
Same thing was sad of the Internet in 1999 when Yahoo had a market cap of $125 billion, and AOL $200 billion. Where are both companies today?
It's déjà vu all over again it seems.
It's déjà vu all over again it seems.
Yeah, there isn't a single internet based company that's remotely worth that amount of money anywhere on earth remaining today...
This isn't a bubble.
This is a small handful of companies absolutely dominating the bleeding edge in an extremely high value technology that has value in nearly every other market. There's a lot of misses with companies implementing LLMs, but there are a LOT of companies that are using LLMs to deliver massive value that was impossible 3 years ago.
This is a small handful of companies absolutely dominating the bleeding edge in an extremely high value technology that has value in nearly every other market. There's a lot of misses with companies implementing LLMs, but there are a LOT of companies that are using LLMs to deliver massive value that was impossible 3 years ago.
LLMs are not, in fact providing much value to any other markets. And the amount of value they would have to provide in order to pay back current costs is staggering. It's a bubble. There is no way any of these companies is going to break even.
https://www.wheresyoured.at/the-haters-gui/
https://www.wheresyoured.at/the-haters-gui/
Which companies are using LLMs to deliver "massive value" outside of the companies offering LLMs?
It's going to be even more brutal than when Bitcoin popped.
Refreshing to see. Usually employees are being treated as a resource to exploit. There is system called "market rates", where labour cost is actually fixed across the domains and is disconnected from the value workers generate. So you as an employee can develop something that saves company few millions, but still you'll get paid £65k and then dismissed the moment company doesn't need you.
They’re most likely doing it, and structuring it to vest in 2 years, to prevent “poaching” , leaks etc. which strikes me as a very temporary situation.
Seems like this is the new moat for now?
Seems like this is the new moat for now?
To any of the recipients reading this, congrats on the bonus
Thanks !
I got laid yesterday, just by claiming I work at OpenAI...
and people keep investing in the message that this will replace jobs. this is too funny.
Is this actually confirmed? I couldn't follow the links to find anything concrete.
I'm hearing it isn't actually true. Apparently researchers did get a retention bonus, but not all employees.
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I might get shit for this but 1.5m is a lot but for people who are relatively early at OpenAI - a $500B company - it’s not. I would be surprised if most engineers hired 3-4 years ago are not on paper at least worth $10m in NW. When I worked at other companies with a tenth or even a hundredth of valuation - there were tons of people who still quit knowing they were going to get $1m+/yr by staying.
1.5m to retain these people is a lot but it isn’t when you consider how much you’ve already given and/or how much they’re already getting.
I suspect - like many companies in the bay right now - the work environment is incredibly demanding and toxic. This ain’t faang in 2012 with ball pits and slides.
1.5m to retain these people is a lot but it isn’t when you consider how much you’ve already given and/or how much they’re already getting.
I suspect - like many companies in the bay right now - the work environment is incredibly demanding and toxic. This ain’t faang in 2012 with ball pits and slides.
Any reason to believe this is true, other than a guy who claims to have friends at OpenAI said so?
It's funny how this dropped off the front page despite the upvotes and activity.
Because there's no proof at all.
i'm having a lot of cognitive dissonance with the amount of money being thrown around -- you have people making a few dollars a day in some parts of the world, and in others you get an extra 1.5mm to sit at the computer for 2 hours a day and then take a nap. Let's be honest, not all openai employees are phd researchers, and this is one giant publicity stunt akin to a gameshow (Look at us! we pay a TON, much more than the other guy!)
black mirror-esque somehow. but hey, now a few thousand people in SF are guaranteed millionaires (as if they weren't already)
black mirror-esque somehow. but hey, now a few thousand people in SF are guaranteed millionaires (as if they weren't already)
> others you get an extra 1.5mm to sit at the computer for 2 hours a day and then take a nap
A few of the most world class reserachers can do this, all of my other friends and colleagues at OpenAI work 10-14 hours day - often 7 days a weeek.
OpenAI pays eyewatering sums but you're absolutely sacrificing years of your life for it.
A few of the most world class reserachers can do this, all of my other friends and colleagues at OpenAI work 10-14 hours day - often 7 days a weeek.
OpenAI pays eyewatering sums but you're absolutely sacrificing years of your life for it.
This is what people are missing.
OpenAI isn't paying people to make a 30 year career over 30 years. They're paying people to make their entire career NOW.
OpenAI isn't paying people to make a 30 year career over 30 years. They're paying people to make their entire career NOW.
that doesn't even make any sense. if they believe they have longevity then they absolutely should be paying people to make a career there and not just go out in a bright flash
They believe the company has longevity, but that all the work at the company will eventually be done by AI, in about two year at a guess based on the vesting period.
Longevity is massively over rated.
There's a flash in the pan today. They need to capture it. Everything else is secondary to that and can be solved in the future.
There's a flash in the pan today. They need to capture it. Everything else is secondary to that and can be solved in the future.
sure, you can capture your biggest brains with massive salaries, but throwing 1.5mm at literally everyone is entirely silly, and to me shows that we're in a massive bubble and that is coming from someone who is fairly optimistic around AI.
it's all coming from the debt that is approved by congress 2 months ago. they get few million cause there is no real moat for OPENAI. It's nice extra bribe so they don't challange, lmao. Becauses now VCs have extra cheap debt too. Any top or mid lev openai employee reading this, as a group you worth 10x for this, to OUR DEBT lords. Simple.
the open AI careers page must be hit like crazy right now
What’s the catch?
2 year vesting period. Not that that's a huge draw back in the majority of cases. I'd stay at a job for two years for 750k extra per year.
It's a bargain I expect most people would take, even with what I'm about to say next, but I also predict this is going to be a situation rife with abuse, with employees being pressured to "work extra hard" (eg, live in the office) during these two years, and plenty of people being fired for under-performing (eg, not living in the office) so they can avoid paying out the bonus to as many people as possible. Also, most new hires will have the impression that another 1.5M 2-year retention bonus is right around the corner, but won't actually get one.
If you do that (to that extreme), then you guarantee they will all leave after 2 years, and you have another retention problem. That’s just bone headed in my opinion.
Depends on the strategic goals. Plenty of companies have succeeded running high-churn operations getting a few good years from employees before they burn out and take a lower-stress job, maybe not even with a competitor (because they don't want to jump on the same treadmill at a similar company), or even just dropping out to raise goats.
In 2 years, you can offer another 1.5 million dollar bonus for the employees that didn’t churn out.
750k on top of the insane salaries and resumé boost. Definitely happy for them and extremely envious
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Blood money.
this is false :(
Doesn't this disincentivize their employees to work harder once they get the money? Capitalist have told me you must keep your employees on the verge of disaster to have a successful business.
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!!!!
Truly insane
It says every member of the technical staff. It also says it's a grant that vests over 2 years, so not what any normal person considers a "bonus". A bonus is cash in hand.
> It also says it's a grant that vests over 2 years, so not what any normal person considers a "bonus". A bonus is cash in hand.
Every bonus I've gotten has vested. So its not that unusual. Generally vesting applies to larger bonuses and to bonuses tied to performance.
I'm guessing 1.5M is a larger bonus than the average tech employee gets each year but is pretty inline for a typical hedge fund.
Every bonus I've gotten has vested. So its not that unusual. Generally vesting applies to larger bonuses and to bonuses tied to performance.
I'm guessing 1.5M is a larger bonus than the average tech employee gets each year but is pretty inline for a typical hedge fund.
I've never had a bonus vest. They're almost always immediate payouts.
I've received some "bonus" performance related equity grants with a four year vesting period. These are beyond normal the refresher grants. They are not described by the company as "bonus", because we also have the sort of cash bonus you're talking about, but were I to describe them to people outside the company, I'd probably say "bonus grants" or something.
In this case it seems obvious that it needs some kind of vesting terms to prevent people from taking the bonus and then just taking another offer anyways.
In this case it seems obvious that it needs some kind of vesting terms to prevent people from taking the bonus and then just taking another offer anyways.
Every bonus I have gotten has been paid out in January based on past performance. That's why the term "bonus season" exists.
> Every bonus I have gotten has been paid out in January based on past performance. That's why the term "bonus season" exists.
Hey, I believe you and have no reason to think you are lying. Every bonus I've had has been vested over a 2 year period with about 50% vesting upfront. Again this is probably due to my bonus being tied to performance which could change from year to year and the fact the its probably larger than the average bonus employees get.
Every company is different and every bonus is different. There is no one way a bonus is allocated.
Hey, I believe you and have no reason to think you are lying. Every bonus I've had has been vested over a 2 year period with about 50% vesting upfront. Again this is probably due to my bonus being tied to performance which could change from year to year and the fact the its probably larger than the average bonus employees get.
Every company is different and every bonus is different. There is no one way a bonus is allocated.
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It says every employee unless there's some other source you're reading this? Although I would expect the truth to be closer to what you said.
It's all unsourced but the root of it is this LinkedIn post that says technical staff. https://www.linkedin.com/posts/zuhayeer_every-full-time-open...
OpenAI employees will now be able to afford to split the rent of a 2 bedroom apartment close to the Office...If they find 3 other roommates with the same bonus...
Back when Apple, Google, Adobe, Intel and other big tech companies signed illegal anti-poaching agreements Zuck said no, I'll pay whatever it takes to attract the best talent, no matter where they work.
Facebook/Meta has consistently set the bar for engineering salaries across the industry, and Google and the rest are forced to match it.
Now every AI company is paying millions of dollars for regular engineers just because Zuck is out there throwing out wads of cash from the roof.
When it comes to salaries the man simply does not care about standards and precedents, and I love that.