OpenAI’s London staff receive average of £2.3m per person annually
TL;DR
Accounts for the Westminster-based company behind ChatGPT show that 110 staff shared £87m in salaries and £168m in shares last year OpenAI’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.
Nauti's Take
The figure is a useful signal about the cost structure of the AI industry, but a poor benchmark for ordinary developer pay. Before making hiring or investment decisions, a small team should check how much of the package consists of equity, how reliable that valuation is, and which vesting or retention conditions apply.
Sources