OpenAI CEO Apologizes for Stock Cancellation Clause
Amid the recent resignations at OpenAI, CEO Sam Altman has expressed concerns about a controversial clause in the company’s exit agreements that suggests the potential for equity cancellation.
Altman emphasizes that OpenAI has never used this clause and has guaranteed that vested equity will not be affected by any separation agreement or non-disparagement agreement.
OpenAI Statement on Earned Capital
Altman emphasized that the clause in the previous exit documents was incorrect and should not have been there.
He told former employees that they could contact him directly to have their concerns about this clause corrected.
The equity cancellation provision has raised many doubts about its purpose and possible abuse. Altman acknowledged the error and said the company had been changing standard exit paperwork for a month to avoid such problems in the future.
Employee resignations and security concerns
Altman’s statement follows a series of resignations, including that of Jan Leike, head of compliance at OpenAI. Announcing his resignation on May 17, Leike cited OpenAI’s focus on product development rather than AI security as one of his main reasons.
His resignation preceded the departure of Ilya Sutskever, a co-founder of OpenAI and a leading figure in artificial intelligence research.
These departures have brought OpenAI’s internal strategies and priorities into the spotlight. The organization has been accused by critics of not focusing enough on issues related to advanced artificial intelligence systems. Additionally, OpenAI had previously disbanded its ‘Super Alignment’ team and merged its functions with the company’s other research projects.
OpenAI’s Commitment to AI Security
Despite the restructuring, OpenAI remains committed to AI security. Altman and President Greg Brockman reiterated the importance of ongoing security research. In a recent statement, Brockman expressed his gratitude to departing employees and assured them that the company will continue to diligently address safety concerns.
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 security research.
He acknowledged that the path to safely developing and deploying AGI presents complex and unprecedented challenges and requires continuous improvement in security measures and oversight.
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