2024

Equity

Safety

<img decoding="async" width="1200" height="675" src="https://coingape.com/wp-content/uploads/2023/11/skynews-sam-altman-openai-graphics_6367647-1-e1715936916603.png" class="attachment-full size-full wp-post-image" alt="Sam Altman Reflects On 'Weird' Feelings, Days Without Food After OpenAI Exit" style="float:right; margin:0 0 10px 10px;">
Amid recent resignations at OpenAI, CEO Sam Altman has&nbsp; addressed concerns regarding a controversial clause in the company’s exit agreements that suggested the potential for equity cancellation. 
Altman emphasized that <a href="https://coingape.com/breaking-reddit-partners-with-openai-to-introduce-ai-powered-features-to-users/">OpenAI</a> has never used this clause and guaranteed the vested equity will not be affected by any separation agreements or non-disparagement agreements.. 
<h2 id="openai-clarification-on-vested-equity">OpenAI Clarification on Vested Equity</h2> 
Altman stressed that the clause, which was in previous exit documents, was a wrong thing to do and should not have been there. 
<blockquote>
 “I take the full responsibility for this and it is one of the very few times I have been really embarrassed running OpenAI; I did not know that this was happening, and I should have,” Altman said. 
</blockquote> 
He told the ex-employees that any worries they had over this clause could be dealt with him directly for their correction. 
The equity cancellation provision was the cause of many doubts regarding its purpose and possible misuse. <a href="https://coingape.com/sam-altman-reflects-on-weird-feelings-days-without-food-after-openai-exit/">Altman</a> admitted the mistake and said that the company had been changing its standard exit paperwork for a month already in order to avoid such problems in future. 
<h2 id="employee-resignations-and-safety-concerns">Employee Resignations and Safety Concerns</h2> 
The clarification from Altman comes after a number of resignations, among which is the resignation of <a href="https://coingape.com/openai-executive-jan-leike-resigns-calls-for-stronger-agi-safety-measures/">Jan Leike</a>, who was in charge of alignment at OpenAI. Leike, who announced his resignation on May 17th, mentioned the OpenAI’s focus on product development rather than AI safety as one of his main reasons. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 in regards to recent stuff about how openai handles equity: 
 we have never clawed back anyone's vested equity, nor will we do that if people do not sign a separation agreement (or don't agree to a non-disparagement agreement). vested equity is vested equity, full stop. 
 there was… 
 — Sam Altman (@sama) <a href="https://twitter.com/sama/status/1791936857594581428?ref_src=twsrc%5Etfw">May 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
His resignation was preceded by the exit of Ilya Sutskever who is one of OpenAI’s co-founders and a leading figure in AI research 
The departures have made the OpenAI’s internal strategies and priorities to be a great focus of attention. The organization has been accused by the critics of not being enough focused on the issues related to advanced AI systems. Moreover, OpenAI had ealier dissolved the ‘Superalignment’ team and combined its functions into other research projects of the company. 
<h2 id="openai-s-commitment-to-ai-safety">OpenAI’s Commitment to AI Safety</h2> 
Despite the restructuring, <a href="https://coingape.com/ai-news-elon-musk-unveils-key-updates-grok-amid-openai-hype/">OpenAI</a> maintains its commitment to AI safety. Altman and President Greg Brockman have reiterated the importance of ongoing safety research. In a recent statement, Brockman expressed gratitude to departing employees and reassured that the company would continue to address safety concerns rigorously. 
Brockman highlighted OpenAI’s efforts to raise awareness about the risks and opportunities of AGI (artificial general intelligence), advocate for international governance, and pioneer AI safety research. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 We’re really grateful to Jan for everything he's done for OpenAI, and we know he'll continue to contribute to the mission from outside. In light of the questions his departure has raised, we wanted to explain a bit about how we think about our overall strategy. 
 First, we have… <a href="https://t.co/djlcqEiLLN">https://t.co/djlcqEiLLN</a> 
 — Greg Brockman (@gdb) <a href="https://twitter.com/gdb/status/1791869138132218351?ref_src=twsrc%5Etfw">May 18, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
He acknowledged that the path to safely developing and deploying AGI involves complex and unprecedented challenges, requiring continuous improvement in safety measures and oversight. 
Read Also: <a href="https://coingape.com/venezuela-acts-tough-on-crypto-mining-amid-energy-squeeze/">Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze</a> 
The post <a href="https://coingape.com/openai-ceo-apologizes-for-equity-cancellation-clause/">OpenAI CEO Apologizes for Equity Cancellation Clause</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

OpenAI CEO Apologizes for Equity Cancellation Clause

Table of Contents

Coingape News Media

Other articles published on May 19, 2024

Popular Bitcoin Bull Holding $63,000,000 worth of BTC Says Solana Alternative Retik Finance (RETI...

How will the demand from whales in Uniswap impact the price of UNI?

Chasing Cosmic Prosperity with MoonBag Presale, Polygon, and Solana

5 Altcoins to Watch for Major Returns This Year

Modularity is transforming the crypto landscape | Opinion

BlockDAG’s Strategic Success Tops $27.7M In Presales, Outshining Ethereum’s Drop And BCH’s Antici...

Join our free newsletter for daily crypto updates!