The World Opinion

Tag: Open AI

  • OpenAI Never Clawed Back Any Employee’s Vested Equity: CEO Sam Altman |

    New Delhi: OpenAI CEO Sam Altman on Sunday clarified that the company has never clawed back any employee’s vested equity and will never do such a thing in the future. Altman responded to a media report that claimed that the ChatGPT maker revoked employees’ vested equity (or stock options) in the company, following two high-profile departures.

    Altman said that they would never do this “if people do not sign a separation agreement (or don’t agree to a non-disparagement agreement)”. “Vested equity is vested equity, full stop,” he posted on X social media platform.

    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) May 18, 2024

    According to him, there was a provision about potential equity cancellation in the company’s previous exit documents. “Although we never clawed anything back, it should never have been something we had in any documents or communication. This is on me and one of the few times I’ve been genuinely embarrassed running OpenAI. I did not know this was happening and I Should have,” he explained.

    Altman said that the team was already in the process of fixing the standard exit paperwork over the past month or so. “If any former employee who signed one of those old agreements is worried about it, they can contact me and we’ll fix that too. Very sorry about this,” he posted.

  • OpenAI Never Clawed Back Any Employee’s Vested Equity: CEO Sam Altman |

    New Delhi: OpenAI CEO Sam Altman on Sunday clarified that the company has never clawed back any employee’s vested equity and will never do such a thing in the future. Altman responded to a media report that claimed that the ChatGPT maker revoked employees’ vested equity (or stock options) in the company, following two high-profile departures.

    Altman said that they would never do this “if people do not sign a separation agreement (or don’t agree to a non-disparagement agreement)”. “Vested equity is vested equity, full stop,” he posted on X social media platform.

    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) May 18, 2024

    According to him, there was a provision about potential equity cancellation in the company’s previous exit documents. “Although we never clawed anything back, it should never have been something we had in any documents or communication. This is on me and one of the few times I’ve been genuinely embarrassed running OpenAI. I did not know this was happening and I Should have,” he explained.

    Altman said that the team was already in the process of fixing the standard exit paperwork over the past month or so. “If any former employee who signed one of those old agreements is worried about it, they can contact me and we’ll fix that too. Very sorry about this,” he posted.

  • Microsoft, Wipro To Launch GenAI-Powered Assistants For Financial Services | Companies News

    New Delhi: Leading technology services and consulting company Wipro on Monday announced that it is teaming up with Microsoft to launch a suite of cognitive assistants for financial services powered by generative artificial intelligence (GenAI).

    According to the company, the cognitive assistants will provide financial professionals with deep market intelligence and appropriate and timely information on investment products and investor behaviour.

    “This new solution set, powered by Microsoft, will help provide better and faster market and product intelligence to financial advisors and banking professionals, enabling them to deliver more personalised and timely service to clients,” Suzanne Dann, CEO of Americas 2 Strategic Market Unit at Wipro Ltd, said in a statement.

    “These solutions will also reduce the multiple – often repetitive – steps needed to onboard new investors or originate loans, cutting down the time spent on paperwork,” she added. Wipro’s new GenAI-powered cognitive assistants will be powered by Microsoft Azure Open AI and available on Azure App Services.

    The solutions will also utilise Microsoft Azure Document Intelligence, which uses advanced machine learning to extract text, key-value pairs, and structures from documents.

    “Wipro has extensive financial services expertise, and we know that their new AI-powered virtual assistants will deliver innovation, scale and meaningful business value for customers,” said Bill Borden, Corporate VP, Worldwide Financial Services at Microsoft.

  • OpenAI’s ChatGPT Is Testing New ‘Memory’ Feature With Select Users |

    New Delhi: OpenAI’s ChatGPT, the widely-used AI-driven chatbot, is currently in the process of testing a ‘Memory’ function feature. This addition aims to integrate memory capabilities, enhancing user interaction by retaining previous conversations. Notably, users retain complete control over this feature, determining what is stored and how it’s applied.

    The Memory feature is currently undergoing trials with a select group of ChatGPT’s free and Plus subscribers. This trial phase serves to assess its utility and efficacy prior to wider implementation. Additionally, the company promises to share plans for wider availability soon.

    Furthermore, users can effortlessly manage their preferences regarding memory usage. They maintain the ability to deactivate the feature at any time or selectively erase specific information. Moreover, there’s an option to review and delete memories individually or clear all memories entirely via the settings menu. (Also Read: Apple Rolls Out VisionOS 1.0.3 Update for Vision Pro, Featuring Reset Option for Forgotten Passcodes)

    In a blog post, the company said, “We’re testing memory with ChatGPT. Remembering things you discuss across all chats saves you from having to repeat information and makes future conversations more helpful. You’re in control of ChatGPT’s memory. You can explicitly tell it to remember something, ask it what it remembers, and tell it to forget conversationally or through settings. You can also turn it off entirely. We are rolling out to a small portion of ChatGPT free and Plus users this week to learn how useful it is. We will share plans for broader rollout soon.”

    Another new feature being tested is temporary chat. When activated, your chats are not recorded in the history or stored as memories, ensuring they are not utilized for AI training. A small cohort of free and paid ChatGPT users will test this memory features this week. (Also Read: Meta Testing New ‘Trending Topics’ Feature On X Rival Threads)

    OpenAI also announced that developers who have created custom GPT chatbots, recently launched, will soon have the capability to enable the memory feature.