OpenAI’s London staff receive average of £2.3m per person annually

OpenAI’s UK arm revealed eye-watering compensation figures, with its 110 employees collectively earning £87 million in salaries and £168 million in shares last year, translating to an average annual pay package of over £2.3 million per staff member. The figures underscore the company’s aggressive investment in talent as it races to secure a dominant position in the global AI market, with plans to pursue a high-profile stock market listing. While based in Westminster, OpenAI is expanding its operations to London’s King’s Cross, signaling its growing footprint in the UK. The disclosure offers a rare glimpse into the financial scale behind the rapid expansion of the ChatGPT developer.

Accounts for the Westminster-based company behind ChatGPT show that 110 staff shared £87m in salaries and £168m in shares last yearOpenAI’s London staff each received £2,318,181 on average last year, as the ChatGPT-maker poured Premier League football salaries into its bid to dominate the global AI race.Accounts for OpenAI UK Ltd, which is based in Westminster but is opening a new HQ in London’s King’s Cross area, showed that 110 staff shared £87m in salaries and £168m in shares in the company, which is aiming to list on the stock market at a valuation of about $1tn. Continue reading...