Meta AI Chief Mocks OpenAI Amid Stock Claims
Yann LeCun, Meta’s Chief AI Scientist, recently took to social media to mock rival OpenAI’s equity policies.
The commentary highlights current debates in the tech industry regarding company policies regarding employee shares and non-disclosure agreements.
Meta’s Chief AI Scientist Comments on the OpenAI Controversy
Yann LeCun hinted that he would be employed at ClosedAI in his sarcastic tweet; It’s, as the name suggests, a play on OpenAI, too good to be true and could make you a billionaire but is actually unattainable. He exaggerates the company’s value like “42 sextillion dollars” and “42 octillion dollars” to make the audience understand how unrealistic everything is.
This criticism of LeCun also touched on some of the highly prescriptive and particularly burdensome measures, including restricting employees’ rights, granting clawback provisions for shares, non-disclosure, and non-disparagement clauses that apply if the employee leaves or speaks out.
This comment comes as it was revealed that OpenAI has faced criticism over its employment contracts. More specifically, these contracts contain provisions that could limit employees’ freedom to dispose of equity capital unless they refrain from speaking ill of the company. This has led to discussions about whether the use of such applications is legally and morally permissible.
Response to Contract Disputes
Following investigative journalism and subsequent public scrutiny, OpenAI has made moves to address these concerns. These policies forced OpenAI CEO Sam Altman and other executives to answer difficult questions about these policies during a meeting with employees.
They also ensured that problematic sections of the contracts had been eliminated and that most former employees would no longer be constrained by non-disparagement clauses. This change was made as part of a series of changes that Meta AI Chief Mocks OpenAI and Altman admits are a truly embarrassing policy change.
In response to the criticism, OpenAI issued a statement explaining that it has always allowed former employees to sell their shares at market price, regardless of their status or affiliation, and plans to do the same in the future.
But many, including former employee Jacob Hilton, remain skeptical about the company’s commitment to transparency and fairness in managing employee equity.
Also read: Bitwise CIO Says Ethereum ETFs Could Boost ETH to Record Highs
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