OpenAI employees win the ‘lottery’, selling shares for 6.6 billion dollars

OpenAI allowed its current employees and former employees to sell actions for a maximum value of 30 million dollarswith beyond 600 people which they grossed overall 6.6 billion dollars. This is revealed by Wall Street Journalaccording to which the scale of the wealth created for such a large audience of employees, even before the listing on the stock exchange, is unprecedented in the history of the technology sector.

OpenAI launches the largest IPO in history

Previously OpenAI required employees to wait two years before they could sell their shares, meaning selling shares was the first chance for many of those who joined the company after the launch of ChatGPT to monetize your investment.

This sale also offers a preview of thewave of money which will soon flood San Francisco and other tech capitals. OpenAI e Anthropic they are preparing for what will probably be among the largest IPO in history, allowing thousands of employees to sell their shares and turning many of them into multimillionaires.

An unprecedented boom in the technology sector

No other tech boom in history has distributed such wealth to such a broad segment of employees, even before going public. OpenAI is currently the technology startup most valuable shares in the world, and employees who worked for the company when it issued its first shares seven years ago have seen the value of their shares rise by more than 100 volte.

Comparison with the dot-com bubble

Hundreds of companies went public during the dot-com bubblebut in most cases their employees had to wait a long time even after the IPO to be able to cash in on the profits. For some, the bubble burst before they could and they were never able to realize their potential wealth.

The talent war in artificial intelligence

The level of wages for some highly specialized workers in the field ofartificial intelligence is unprecedented in modern history. While the first employees of Google e Facebook have made millions after companies went public, the scale of wealth creation for some AI specialists, especially those who are not founders, has reached even higher levels.

Bonus out of pay

Last year, Meta has offered compensation packages from 300 million dollars to some of the best researchers as part of a broader industry-wide war for talent. According to its website, OpenAI offers annual salaries that exceed $500,000 for some technical roles and pays far more stock-based compensation than other tech companies. Last August, he gave one-time bonuses to some staff members, some of them worth millions of dollars, the Wall Street Journal reported.

Skyrocketing rent prices in San Francisco

Sudden wealth is driving up rent prices to San Francisco and raising concerns about growing social inequality in the city. Some high-level AI executives have pledged to donate a large portion of their earnings to charity, along with ordinary employees who didn’t expect to be presented with life-changing wealth.