OPENAI PPUS: HOW OPENAI'S UNIQUE EQUITY COMPENSATION WORKS

Summary from the TLDR Web Dev newsletter

OpenAI's capped profit model means that the company will be able to generate more value than it would owe investors. Its employees receive a base salary and equity in Profit Participation Units (PPUs). This article explains how OpenAI's PPUs work, how OpenAI distributes them, and other benefits that OpenAI offers to employees. A link to a compensation benchmarking tool for employers is available near the end of the article.