Xorte logo

News Markets Groups

USA | Europe | Asia | World| Stocks | Commodities



Add a new RSS channel

 
 


Keywords

2024-05-24 06:37:50| Engadget

OpenAI will not enforce any nondisparagement agreement former employees had signed and will remove the language from its exit paperwork altogether, the company told Bloomberg. Vox recently reported that OpenAI was making exiting employees choose between being able to speak against the company and to keep the vested equity they earned. Employees could lose millions if they choose not to sign the agreement or if they violate it. Sam Altman, OpenAI's CEO, said he was "embarrassed" and didn't know that the provision existed, promising to have the company's paperwork altered.  According to Bloomberg, the company notified former employees that "[r]egardless of whether [they] executed the agreement... OpenAI has not canceled, and will not cancel, any vested units." It released them from the agreement altogether, "unless the nondisparagement provision was mutual." At least one former employee said they had lost their vested equity that was equivalent to multiple times their family's net worth by refusing to sign when they left. It's unclear if they're getting it back with this change. The company also talked to current employees about this development, easing their worries that they will have to be careful with everything they say if they don't want to lose their stocks.  "We are sorry for the distress this has caused great people who have worked hard for us," Chief Strategy Officer Jason Kwon said in a statement. "We have been working to fix this as quickly as possible. We will work even harder to be better." This wasn't the only controversial situation OpenAI has been involved in as of late. The company recently revealed that it was disbanding the team it formed last year to help make sure humanity is protected from future AI systems, which could be so powerful they could cause our extinction. Before that, OpenAI chief scientist Ilya Sutskever, who was one of the team's leads, left the company. Another team lead, Jan Leike, said in a series of tweets that "safety culture and processes have taken a backseat to shiny products" within OpenAI. In addition, Scarlett Johansson accused OpenAI of copying her voice without permission for ChatGPT's Sky voice assistant after she turned down Altman's request to lend her voice to the company. OpenAI denied that it copied the actor's voice and said that it hired another actor way before Altman contacted Johansson. This article originally appeared on Engadget at https://www.engadget.com/openai-scraps-controversial-nondisparagement-agreement-with-employees-043750040.html?src=rss


Category: Marketing and Advertising

 

Latest from this category

30.12LG to unveil a canvas-style TV at CES 2026
29.12NASA finally has a leader, but its future is no more certain
29.12How to watch the LG CES 2026 press conference
29.12Co-founder of CD Projekt Michał Kiciński has acquired GOG, the company's game storefront
29.121Password deal: Get 50 percent off plans for the holiday season
29.12Samsung plans to integrate Google Photos into its TVs
29.12How to watch the Sony Afeela CES 2026 press conference
28.12Apple escalates its appeal of a $2 billion fine from a UK antitrust lawsuit
Marketing and Advertising »

All news

30.12Investing Smarter: Decoding Fundamental vs Technical Market Strategies
30.12India bonds tread water before hefty state debt sale
30.12MMTC shares decline 5% as gold, silver prices cool off from record levels
30.12Crypto market cap slips over 2%; Bitcoin near $87,000, Ethereum at $2,930 amid thin year-end volumes
30.12Tuesday Watch
30.12Rupee rises 3 paise to 89.95 against US dollar in early trade
30.12Fed repo borrowing jumps as quarter-end pressure stirs money market
30.12Gujarat Kidney shares list at 6% premium over IPO price
More »
Privacy policy . Copyright . Contact form .