OpenAI's Gigantic Salaries Are Making Apple, Google, Microsoft Pay Look... Meh
Portfolio Pulse from Adam Eckert
OpenAI, backed by Microsoft Corp (NASDAQ:MSFT), is reportedly paying its engineers an average of $925,000 per year, outpacing salaries at tech giants like Apple Inc (NASDAQ:AAPL) and Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL). The high salaries are driven by the growing demand for AI roles. OpenAI's valuation has also been increasing, recently reaching close to $80 billion.
November 07, 2023 | 7:55 pm
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NEGATIVE IMPACT
Apple may face increased competition for AI talent due to OpenAI's high salaries.
OpenAI's high salaries could make it more difficult for Apple to attract and retain AI talent, potentially impacting its ability to innovate and compete in the AI space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Alphabet may face increased competition for AI talent due to OpenAI's high salaries.
OpenAI's high salaries could make it more difficult for Alphabet to attract and retain AI talent, potentially impacting its ability to innovate and compete in the AI space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
NEGATIVE IMPACT
Alphabet may face increased competition for AI talent due to OpenAI's high salaries.
OpenAI's high salaries could make it more difficult for Alphabet to attract and retain AI talent, potentially impacting its ability to innovate and compete in the AI space.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 60
POSITIVE IMPACT
Microsoft's investment in OpenAI could be positively impacted by the increasing valuation of OpenAI.
Microsoft has invested heavily in OpenAI. As OpenAI's valuation increases, the value of Microsoft's investment also increases, potentially leading to a positive impact on Microsoft's assets.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80