OpenAI Ends Equity Vesting Cliff for New Hires

OpenAI, the company behind ChatGPT, has changed its rules about when employees get their stock in the company.

Before, new employees had to wait six months to get their first stock.

Now, they don't have to wait.

This change is meant to encourage employees to take more risks and stay with the company longer.

Other tech companies, like Elon Musk's xAI, have also made similar changes.

OpenAI is doing this because there is a lot of competition for the best AI talent.

Companies like Meta, Google, and Anthropic are offering huge pay packages to attract top researchers.

OpenAI is also giving out a lot of stock to keep its employees.

Some people worry that giving out so much stock might hurt the company's profits in the long run.