Full-Time
Develops safe and beneficial AI technologies
$380k - $555k/yr
Junior, Mid
San Francisco, CA, USA
In Person
OpenAI develops artificial intelligence technologies aimed at benefiting humanity. The company creates advanced AI models that can perform various tasks, such as automating processes and enhancing creativity. OpenAI's products, like Sora, allow users to generate videos from text descriptions. What sets OpenAI apart from competitors is its capped profit model, which limits how much profit the company can make, ensuring that excess profits are used to maximize the social benefits of AI. OpenAI's goal is to ensure that artificial general intelligence (AGI) is developed safely and ethically, serving a diverse clientele that includes businesses, researchers, and developers.
Company Size
5,001-10,000
Company Stage
Late Stage VC
Total Funding
$63B
Headquarters
San Francisco, California
Founded
2015
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Health insurance
Dental and vision insurance
Flexible spending account for healthcare and dependent care
Mental healthcare service
Fertility treatment coverage
401(k) with generous matching
20-week paid parental leave
Life insurance (complimentary)
AD&D insurance (complimentary)
Short-term/long-term disability insurance (complimentary)
Optional buy-up life insurance
Flexible work hours and unlimited paid time off (we encourage 4+ weeks per year)
Annual learning & development stipend
Regular team happy hours and outings
Daily catered lunch and dinner
Travel to domestic conferences
OpenAI is making a multimillion-dollar investment to expand its AI-driven systems, aiming to push AI boundaries and strengthen its tech industry leadership. This strategic move could reshape the AI landscape, impacting market dynamics and prompting other companies to innovate. While experts see potential for economic and technological advancements, public reactions are mixed, with concerns over ethics and job market implications. The investment aligns with the trend of AI integration into business operations.
OpenAI has acquired Crossing Minds, an AI-driven recommendation solutions provider for e-commerce, to transfer its founding team. Financial details were not disclosed. Founded in 2016, Crossing Minds has raised over $13.5 million, with investors like Index Ventures and Shopify. The acquisition aims to enhance OpenAI's personalization features and support its long-term AGI development plans. Crossing Minds will cease operations and no longer accept new customers.
OpenAI secured a $200 million US defense contract to develop AI capabilities for national security, marking its largest government deal. Concurrently, OpenAI is pursuing a $40 billion funding round led by SoftBank, with potential contributions from Saudi Arabia's Public Investment Fund and India's Reliance Industries. The company aims for $12.7 billion in 2025 revenue after a $5 billion loss in 2024. A $300 billion restructuring into a public-benefit corporation is underway, with a year-end deadline.
OpenAI is reportedly in discussions with Saudi Arabia's Public Investment Fund (PIF), India's Reliance Group, and existing shareholder UAE's MGX regarding a $40 billion financing plan. This information was shared by The Information, citing sources familiar with the matter.
OpenAI has achieved $10 billion in annual recurring revenue, driven by the success of its ChatGPT chatbot launched in late 2022. The company now boasts 500 million weekly users and is reportedly involved in a $40 billion funding round.