Fwiw I will also be a bit surprised, because yeah.
My thought is that the strategy Sam uses with stuff is to only invoke the half-truth if it becomes necessary later. Then he can claim points for candor if he doesn’t go down that route. This is why I suspect (50%) that they will avoid clarifying that he means PPUs, and that they also won’t state that they will not try to stop ex-employees from exercising them, and etc. (Because it’s advantageous to leave those paths open and to avoid having clearly lied in those scenarios.)
I think of this as a pattern with Sam, e.g. “We are not training GPT-5” at the MIT talk and senate hearings, which turns out was optimized to mislead and got no further clarification iirc.
There is a mitigating factor in this case which is that any threat to equity lights a fire under OpenAI staff, which I think is a good part of the reason that Sam responded so quickly.
By announcing that someone who doesn’t sign the restrictive agreement is locked out of all future tender offers, OpenAI effectively makes that equity, valued at millions of dollars, conditional on the employee signing the agreement — while still truthfully saying that they technically haven’t clawed back anyone’s vested equity, as Altman claimed in his tweet on May 18.
I’d be a bit surprised if that’s the answer, if OpenAI doesn’t offer any vested equity, that half-truth feels overly blatant to me.
Fwiw I will also be a bit surprised, because yeah.
My thought is that the strategy Sam uses with stuff is to only invoke the half-truth if it becomes necessary later. Then he can claim points for candor if he doesn’t go down that route. This is why I suspect (50%) that they will avoid clarifying that he means PPUs, and that they also won’t state that they will not try to stop ex-employees from exercising them, and etc. (Because it’s advantageous to leave those paths open and to avoid having clearly lied in those scenarios.)
I think of this as a pattern with Sam, e.g. “We are not training GPT-5” at the MIT talk and senate hearings, which turns out was optimized to mislead and got no further clarification iirc.
There is a mitigating factor in this case which is that any threat to equity lights a fire under OpenAI staff, which I think is a good part of the reason that Sam responded so quickly.
Okay I guess the half-truth is more like this:
https://www.vox.com/future-perfect/351132/openai-vested-equity-nda-sam-altman-documents-employees