Wikimedia executive salaries are the talk of the town
Dec 15, 2023
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Wikipedia executive salaries are analyzed, along with a comparison to tech giants. Also featured: SpaceX's rising valuation and China's love for branded coffee shops.
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Quick takeaways
OpenAI is paying publishers to train its AI models on news reporting, resulting in generated summaries of news stories.
SpaceX has reached a valuation of $180 billion and China has become the biggest branded coffee shop market.
Deep dives
OpenAI paying publishers for training AI models on news reporting
OpenAI, in an effort to address concerns about the amount of information it has amassed, will pay publishers such as Business Insider and Politico to train its AI models on news reporting. Chat GPT, OpenAI's AI language model, will generate summaries of news stories with links to the original articles. The accuracy of these summaries remains to be seen.
SpaceX valuation reaches $180 billion
SpaceX, the space and internet company founded by Elon Musk, has reached a valuation of $180 billion, a 20% increase from their previous high valuation in July. This is positive news for Musk, as his company is currently facing challenges with Tesla. Additionally, it was mentioned that China has surpassed the US as the biggest branded coffee shop market, with significant growth in the number of coffee shops in the country.
Comparison of CEO salaries in tech and nonprofits
A comparison was made between the salaries of CEOs in tech companies and nonprofit organizations. Tech CEOs, such as Alphabet's Sundar Pichai and Pinterest's Bill Reddy, earn millions of dollars annually. In contrast, nonprofit CEOs have significantly lower salaries, with the average being around $166,900 in 2021-2022. The disparity in salaries highlights the substantial difference between the for-profit and nonprofit sectors.
Wikipedia is the fifth-most visited website in the world. So as part of a nonprofit organization, are its executives making too much money, or not enough? We’ll dissect these salaries and compare them to some of the largest in tech. Plus: SpaceX has a soaring valuation and China is bolstering its love affair with branded coffee shops.
Join our hosts Jon Weigell, Juliet Bennett Rylah, and Mark Dent as they take you through our most interesting stories of the day.
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