In a bid to attract top artificial intelligence talent from its main competitor Google, OpenAI, backed by Microsoft, is reportedly offering compensation packages valued at up to \(10 million. The hiring team behind the creators of ChatGPT has been actively approaching Google’s leading AI experts ahead of an upcoming employee stock sale, which is expected to boost OpenAI’s market valuation to over \)80 billion.
The current valuation of the company stands at around \(27 billion, with employees being informed that their compensation packages could potentially see a significant increase in value following the impending stock sale. Reports from The Information, citing sources familiar with the matter, suggest that the most lucrative offers could range from \)5 million to $10 million, surpassing what Google is currently willing to match.
OpenAI, known for its development of “superintelligent” technology tools aiming to rival human intelligence, is seeking additional financial backing from major investor Microsoft to support its recruitment drive. The success of ChatGPT, released approximately a year ago, has intensified competition in the tech industry, with Microsoft, Google, Elon Musk’s xAI, and other firms vying for market dominance.
The individual most prominently associated with the creation of ChatGPT is affiliated with OpenAI. ChatGPT competes directly with xAI’s Grok and Google’s Bard, targeting a similar audience. OpenAI’s recruitment efforts highlight its access to specialized and powerful technology chips essential for driving advanced AI systems, with reports indicating salary increases for some junior AI staff members.
Following the upcoming stock sale, OpenAI’s share price is expected to surge, potentially marking a significant milestone for the company. Comments from Google and OpenAI regarding these developments were not immediately available for response. OpenAI’s CEO, Sam Altman, disclosed that ChatGPT now boasts over 100 million regular active users, with projections of $1.3 billion in annual revenue on track.
OpenAI’s CEO, Sam Altman, leads the company, which was founded by former Google employees and features a robot enabling interactions with famous personalities. Despite the rising popularity of chatbots like ChatGPT, concerns persist regarding their reliability and susceptibility to generating inaccurate information, often referred to as “hallucinations.”
Furthermore, Google’s increased investments in AI, including discussions to inject significant funding into Character. AI, have raised apprehensions about the tech giant’s expanding influence over online search and other internet domains through AI advancements.
