Asia FX muted, dollar nurses losses as Trump tariffs take effect
Investing.com -- OpenAI has indicated plans to increase compensation for certain employees following Meta Platforms (NASDAQ:META)’ recruitment of at least nine researchers from its artificial intelligence team, according to a Monday report by The Information.
The San Francisco-based startup previously disclosed to investors that its stock-based compensation increased more than five-fold last year, reaching $4.4 billion. This expense represented 119% of the company’s total revenue for the same period.
OpenAI had reportedly previously projected this proportion would decrease to 45% of revenue in 2025, and eventually fall below 10% by the end of the decade as revenue grows.
These forecasts were made earlier this year, prior to the employee departures to Meta Platforms. In response to these losses, OpenAI Chief Research Officer Mark Chen has suggested the ChatGPT maker might become more aggressive with its stock offers.