OpenAI walks back controversial stock sale policies, will treat current and former employees the same
Publishing timestamp: 2024-06-24 18:30:47
Summary
OpenAI has changed its policies to allow current and former employees to participate equally in its annual tender offers, addressing concerns about access to liquidity and potential clawbacks. The company will now treat all sellers the same in terms of sales limits and participation. Former employees who now work at competitors will also be included in official tender offers. However, current employees will still have priority in oversubscribed tender offers. OpenAI has taken steps to address employee fears and has backtracked on controversial decisions regarding employee equity.
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Keywords: microsoft corp, technology, breaking news: technology, artificial intelligence, sam altman, generative ai, business news,