David Faber (Co-Anchor) 00:03.160
Compensation for Open AI's employees setting records in Silicon Valley, that according to the Wall Street Journal. McKenzie Segalas has the latest on the AI talent wars. That's in today's Tech Check, Mac.
Mackenzie Sigalos (Technology Reporter) 00:14.320
Hey David, so Open AI's investor decks are basically a paste up version of the AI arms race. The journal reporting that the average salary across its 4,000 workers is 1.5 million in stock-based comp. That's more than 7x what Google disclosed in 2003 ahead of its IPO. It's also
Mackenzie Sigalos (Technology Reporter) 00:32.120
about 46% of revenue in 2025, a level you almost never see outside of the most aggressive pre-IPO ramps. Open AI also reportedly loosening vesting rules. That's a retention move, plain and simple. The company is trying to keep people from walking the moment arrival calls. Now,
Mackenzie Sigalos (Technology Reporter) 00:48.160
Open AI declined to comment on the report and there is a big caveat to this. The journals comparing current data to historical data from over 20 years ago. Yes, you can adjust for inflation, but it doesn't fully reflect the fact that there is so much more money flooding
Mackenzie Sigalos (Technology Reporter) 01:01.760
captables and talent recruitment across Gen AI darlings private and public. Look at Meta. Its spending shows the incentive structure is changing fast. $30 billion dollars on talent this year with about half effectively tied to bringing Alexander Wang in house. It's a signal that
Mackenzie Sigalos (Technology Reporter) 01:18.040
the winners think the bottleneck is people not just compute. Only a select few can afford these kind of pay packages which puts Open AI at an advantage. It can run a startup style equity fire A lot of public companies don't have that same flexibility to drastically shift
Mackenzie Sigalos (Technology Reporter) 01:34.640
internal pay bands without drawing shareholder scrutiny. And the economics of this do get ugly fast. Equity heavy comp inflates losses and dilute shareholders. So in 2026, the separating question is sustainability. Who can keep paying this price at scale and who has to win with
Mackenzie Sigalos (Technology Reporter) 01:50.760
fewer outsized packages, tighter headcount, and faster product cycles. Guys,