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

31.12LG announces new line of xboom speakers ahead of CES
30.12The OneXSugar Wallet is an upcoming retro handheld with a 4:3 foldable screen
30.12IDC warns of major PC market downturn due to memory crunch
30.12How to watch the Hisense CES 2026 presentation live
30.12Samsung unveils its new $200 Galaxy A17 5G smartphone, arriving in January
30.12Netflix has released a trailer for the Stranger Things finale
30.12Meta buys startup known for its AI task automation agents
30.12TCL introduces its own take on a color Kindle Scribe
Marketing and Advertising »

All news

31.12Wednesday Watch
31.12Warren Buffett retires today: Berkshire faces its first dawn without the Oracle of Omaha
31.12IT, Fintech poised for a comeback as market leadership expands ahead of 2026: Rajat Sharma
31.12Best Stock Screeners and Scanners
31.12Eurostar delays enter second day as passengers stuck onboard for hours overnight
31.12The Great Divide: When the mood overtakes the math
31.12New year stock picks 2026: Why M&M, Marico, Hindustan Petroleum offer up to 20% potential upside
31.12Buy, Sell or Hold: Motilal Oswal maintains buy on V-Mart Retail; Morgan Stanley recommends underweight on L&T Finance
More »
Privacy policy . Copyright . Contact form .