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Foundation Models Jobs in Chicago, IL (NOW HIRING)

Contribute to the research, design, and development of large-scale foundation models for machine-generated data, with a primary focus on graph data and additional support for logs, time series ...

... tune foundation models and custom architectures Partner with software engineers, data scientists, and pathology domain experts to integrate research into production systems Contribute to best ...

Develop solutions leveraging foundation models, generative AI, retrieval-augmented generation (RAG), fine-tuning techniques, and agentic workflows. * Design and evaluate AI agents, multi-agent ...

Senior Gen AI Software Engineer

Chicago, IL · On-site

$126K - $166K/yr

Leverage cutting-edge AI innovation - Experiment with cutting-edge LLMs and foundation models, architect RAG implementations, design sophisticated agentic systems, and develop Model Context Protocol ...

AI Engineer

Chicago, IL · On-site

$57 - $73.50/hr

Leverage cutting-edge AI innovation - Experiment with cutting-edge LLMs and foundation models, architect RAG implementations, design sophisticated agentic systems, and develop Model Context Protocol ...

The platform is model-agnostic - the firm is not training foundation models, but is building the secure, governed infrastructure that consumes, isolates, and scales AI workloads on top of existing ...

Senior Gen AI Software Engineer

Chicago, IL

$126K - $166K/yr

Leverage cutting-edge AI innovation - Experiment with cutting-edge LLMs and foundation models, architect RAG implementations, design sophisticated agentic systems, and develop Model Context Protocol ...

AI Engineer

Chicago, IL · On-site

$57 - $73.50/hr

Leverage cutting-edge AI innovation - Experiment with cutting-edge LLMs and foundation models, architect RAG implementations, design sophisticated agentic systems, and develop Model Context Protocol ...

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Foundation Models information

See Chicago, IL salary details

$10

$47

$146

How much do foundation models jobs pay per hour?

As of Aug 7, 2026, the average hourly pay for foundation models in Chicago, IL is $47.09, according to ZipRecruiter salary data. Most workers in this role earn between $15.34 and $74.28 per hour, depending on experience, location, and employer.
What job categories do people searching Foundation Models jobs in Chicago, IL look for? The top searched job categories for Foundation Models jobs in Chicago, IL are:
Infographic showing various Foundation Models job openings in Chicago, IL as of June 2026, with employment types broken down into 80% Full Time, 15% Part Time, and 5% Contract. Highlights an 92% Physical, 2% Hybrid, and 6% Remote job distribution, with an average salary of $97,952 per year, or $47.1 per hour.

Sr Lead Product Manager - ML Foundation Models

PayPal

Chicago, IL • On-site

$178K - $265K/yr

Full-time

Medical, PTO

Posted 10 days ago


PayPal rating

6.9

Company rating: 6.9 out of 10

Based on 21 frontline employees who took The Breakroom Quiz

18th of 21 rated payment service providers


Job description

The Company

PayPal has been revolutionizing commerce globally for more than 25 years. Creating innovative experiences that make moving money, selling, and shopping simple, personalized, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy.

We operate a global, two-sided network at scale that connects hundreds of millions of merchants and consumers. We help merchants and consumers connect, transact, and complete payments, whether they are online or in person. PayPal is more than a connection to third-party payment networks. We provide proprietary payment solutions accepted by merchants that enable the completion of payments on our platform on behalf of our customers.

We offer our customers the flexibility to use their accounts to purchase and receive payments for goods and services, as well as the ability to transfer and withdraw funds. We enable consumers to exchange funds more safely with merchants using a variety of funding sources, which may include a bank account, a PayPal or Venmo account balance, PayPal and Venmo branded credit products, a credit card, a debit card, certain cryptocurrencies, or other stored value products such as gift cards, and eligible credit card rewards. Our PayPal, Venmo, and Xoom products also make it safer and simpler for friends and family to transfer funds to each other. We offer merchants an end-to-end payments solution that provides authorization and settlement capabilities, as well as instant access to funds and payouts. We also help merchants connect with their customers, process exchanges and returns, and manage risk. We enable consumers to engage in cross-border shopping and merchants to extend their global reach while reducing the complexity and friction involved in enabling cross-border trade.

Our beliefs are the foundation for how we conduct business every day. We live each day guided by our core values of Inclusion, Innovation, Collaboration, and Wellness. Together, our values ensure that we work together as one global team with our customers at the center of everything we do - and they push us to ensure we take care of ourselves, each other, and our communities.

Job Summary:

At PayPal, real-time decisions power customer protection and global commerce. Our Risk Decisioning Platform drives fraud, credit, and compliance decisions, processing massive signal volumes in milliseconds. We're looking for a Lead PM to own the foundation model pillar - a shared ML infrastructure layer generating behavioral embeddings consumed by every downstream risk model across all three risk towers. You'll define training and retraining strategy for transformer-based models processing transaction and behavioral sequences, own the contract between foundation model outputs and downstream consumers, and manage cascading impact when the foundation layer changes. You'll work backwards from measurable outcomes, collaborating with engineering, data science, and risk strategy to prove value through faster downstream model deployment and reduced time-to-market for new threat response.

Job Description:

Essential Responsibilities:

  • Uses data to build insights on product or platform requirements consistent with the shared vision for the product.
  • Gathers insights from the customer experience and customer needs to input to product requirements
  • Analyzes research, market analysis and usability studies, research and market analysis to support data-driven decision making
  • Monitors product profitability measures, including budget.
  • Lead sprint planning, daily standups and retrospectives to drive execution. Interfaces with product and technology leadership as needed.
  • Partners with content developers, data scientists, product designers and user experience researchers to identify new opportunities.

Minimum Qualifications:

  • 3+ years relevant experience and a Bachelor's degree OR Any equivalent combination of education and experience.

Additional Responsibilities & Preferred Qualifications:

  • Owning or co-owning a foundation model, large-scale embedding model, or transformer-based model platform in a production environment
  • Experience with model governance in regulated environments
  • Experience with data and feature engineering pipelines

Subsidiary:

PayPal

Travel Percent:

0

-

The base pay for this role will depend on where you work and the relevant experience and expertise you bring. The expected range of pay for this role by location is:

Primary Location | Pay Range:

San Jose, California: ($196,500.00 - $291,500.00 Annually)

Additional Location(s) | Pay Range:

Chicago, Illinois: ($178,500.00 - $265,100.00 Annually) Austin, Texas: ($178,500.00 - $265,100.00 Annually) Additional compensation for this role may include an annual performance bonus, equity, or other incentive compensation, as applicable.

PayPal does not charge candidates any fees for courses, applications, resume reviews, interviews, background checks, or onboarding. When making an application directly, we will never ask you to share passwords, one-time passcodes (OTP), or verification codes. Any such request is a red flag and likely part of a scam. All communication regarding your application will come from official PayPal email domains. If you suspect fraudulent activity, please report it immediately. To learn more about how to identify and avoid recruitment fraud please visit https://careers.pypl.com/contact-us.

For the majority of employees, PayPal's balanced hybrid work model offers 3 days in the office for effective in-person collaboration and 2 days at your choice of either the PayPal office or your home workspace, ensuring that you equally have the benefits and conveniences of both locations.

Our Benefits:

At PayPal, we're committed to building an equitable and inclusive global economy. And we can't do this without our most important asset-you. That's why we offer comprehensive, choice-based programs, to support all aspects of personal wellbeing-physical, emotional, and financial-delivering meaningful value where it matters most.We strive to create a flexible, balanced work culture with a holistic approach to benefits, including generous paid time off, healthcare coverage for you and your family, and resources to create financial security and support your mental health.

Who We Are:

Click Here to learn more about our culture and community.

Commitment to Diversity and Inclusion

PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state, or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

Belonging at PayPal:

Our employees are central to advancing our mission, and we strive to create an environment where everyone can do their best work with a sense of purpose and belonging. Belonging at PayPal means creating a workplace with a sense of acceptance and security where all employees feel included and valued. We are proud to have a diverse workforce reflective of the merchants, consumers, and communities that we serve, and we continue to take tangible actions to cultivate inclusivity and belonging at PayPal.

Any general requests for consideration of your skills, please Join our Talent Community.

We know the confidence gap and imposter syndrome can get in the way of meeting spectacular candidates. Please don't hesitate to apply.


What PayPal employees say

Pay

Benefits

Hours and flexibility

Workplace

Get the full story on Breakroom


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About PayPal

Sourced by ZipRecruiter

PayPal has remained at the forefront of the digital payment revolution for more than 20 years. By leveraging technology to make financial services and commerce more convenient, affordable, and secure, the PayPal platform is empowering more than 400 million consumers and merchants in more than 200 markets to join and thrive in the global economy. For more information, visit paypal.com. PayPal provides equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, pregnancy, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, PayPal will provide reasonable accommodations for qualified individuals with disabilities. If you are unable to submit an application because of incompatible assistive technology or a disability, please contact us at paypalglobaltalentacquisition@paypal.com.

Industry

Software development

Company size

10,000+ Employees

Headquarters location

San Jose, CA, US

Year founded

1998

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