OPENAI ENDS ‘VESTING CLIFF' FOR NEW EMPLOYEES IN COMPENSATION-POLICY CHANGE

Summary from the TLDR AI newsletter

OpenAI has ended a compensation policy that required employees to work at the company for at least six months before their equity vests. The change is designed to encourage new employees to take risks without fear of being let go before accessing their first chunk of equity. OpenAI had shortened its vesting period for new employees to six months from the industry standard of 12 months in April. xAI also made a similar change in the late summer.