OpenAI has announced that current and former employees can finally donate their equity to charity after an 18-month delay. This decision could lead to substantial contributions, as employees who received six-figure equity deals in 2019 are now looking at OpenAI’s significant $157 billion valuation. According to an internal memo obtained by The Verge, many employees have been restricted from donating since 2022, but the new opportunity is met with urgency due to a tight deadline set by the company—much shorter than the SEC’s standard 20 business days. This comes on the heels of OpenAI’s recent restructuring from nonprofit to for-profit status, which has resulted in a share price increase from $430 to $483. Employees express frustration over the company’s delayed promise and its strict control over equity, especially as competitors like Anthropic offer more favorable terms for charitable contributions. This tension highlights the fierce competition for talent within the AI industry.
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