According to a Bloomberg investigation, OpenAI’s engineering staff is among the highest paid in the industry. Data shows that a talented recruiter at a ChatGPT firm can expect to make around $800,000 a year in salary plus bonuses and stock awards. We’ve previously looked at artificial intelligence (AI) engineer salary data, and a recent report confirms that OpenAI is the highest-paying in AI, with new engineers and researchers working at Nvidia. can go up to double, for example. .
AI is not just an IT industry buzzword in 2023, and the year may be remembered as the year where creative AI as we know it was founded. Companies with their fingers in AI pies are set to make big bucks for investors this year, and that fortune appears to be trickling down for their employees — with pay rates for those with their AI skills skyrocketing. are employed.
A Bloomberg report (citing Levels.fyi data) says that AI engineers can expect to earn 12.5 percent better than their non-AI counterparts. If you check the engineering job openings at OpenAI, you can see a wide range of salaries from $200K to $450K. However, adding in bonuses and stock awards, lucky employees will enjoy a total annual salary of around $800K.
The reason for lucrative salaries (and bonuses) seems to be the old law of supply and demand. Sources report that it is extremely difficult to acquire and retain experienced and suitably skilled personnel. Additionally, experience is said to be particularly important here because “there’s a big difference between understanding AI models at a theoretical level and having the skills and experience to apply them in practice,” Bloomberg says.
The AI talent market does not look ready to relieve pressure in the medium term. We still seem to be riding the AI wave, with 2024 already being unofficially called the year of the AI PC. As such, AI skills will be in even stronger demand to develop new apps and experiences to drive all new AI hardware and software like Windows 12.
OpenAI seeks to raise new funding at $100B valuation
In other OpenAI news, there are reports that the firm is looking to raise new funds at a market valuation of $100B or more. Fundraising details have yet to be finalized, so terms, times and prices are subject to change, the source said. There is also talk of a new chip project between OpenAI and Abu Dhabi-based G42.