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- William Saunders quit OpenAI in February. He thinks it can’t responsibly handle safety risks.
- He’s one of 13 people who signed a letter calling for principles to let AI workers raise concerns.
- Saunders said he raised concerns but they were “not adequately addressed” by OpenAI’s leaders.
A former OpenAI employee who quit in February spoke out about what led him to quit, and later sign a letter calling for change at AI companies.
William Saunders told Business Insider that concerns he raised while working at OpenAI were “not adequately addressed.” He’s now calling for changes to allow employees to speak up without fear of retaliation.
Saunders believes the AI models being built by firms like OpenAI could have catastrophic consequences in the future.
He told BI: “I am probably most concerned personally about things that could lead to a large-scale disaster or if things go really off the rails, like potentially human extinction.”
In his view, if AI systems become smarter than humans it raises a host of questions about the potential impact on society.
That’s especially true if “these systems can then improve themselves and build a new generation that’s even smarter,” Saunders said. “There’s that, or the possibility of systems being used as a very smart assistant to lead to build things like nuclear, biological, or chemical weapons if they’re jailbroken.”
He said there’s a “good chance” of mitigating risks if firms slowly and carefully try to predict risks and address them before and after deployment.
However, Saunders added: “I just don’t think the behavior of OpenAI is responsible in managing these kinds of risks.”
Saunders, who worked at OpenAI for about three years, is one of 13 signatories of a letter published Tuesday demanding action to hold AI firms accountable.
Saunders said an incident where a former employee who vocalized his concerns about safety and security was fired, along with OpenAI requiring staff who leave to sign “extraordinary” non-disparagement agreements, led to the creation of the four principles set out in the letter.
Leopold Aschenbrenner, who worked on OpenAI’s Superalignment team, opened up about why he claims he was fired in an interview with podcaster Dwarkesh Patel this week. It comes after The Information reported in April that he was fired for leaking information.
‘Egregiously insufficient’
According to Aschenbrenner, OpenAI told employees that he was fired over sharing a document containing safety ideas with external researchers. But Aschenbrenner claims his dismissal was also related to informing the board that he’d received a warning from HR after sharing a safety memo with the directors.
That memo related to OpenAI’s security, which Aschenbrenner said he felt was “egregiously insufficient.”
Saunders told BI he also raised concerns but that OpenAI’s response was “not adequate.”
Saunders, a researcher and engineer, led a team of four working on interpretability and language models. After resigning he says he was given seven days to sign a non-disparagement agreement and was discouraged from speaking to a lawyer first.
‘Minimize and downplay’
Following a Vox report, CEO Sam Altman said OpenAI would not withhold departing employees’ vested equity if they did not sign such agreements.
Saunders said Altman’s response was a “microcosm” of how Altman and OpenAI leadership communicate — to “minimize and downplay the severity of what happened.”
He maintains that OpenAI hasn’t yet clarified whether it will prevent former employees who have criticized the company from being able to sell equity.
After reports on the non-disparagement agreements emerged, and several OpenAI employees quit over shared concerns about its approach to safety issues, the company announced last week that it formed a safety and security committee.
OpenAI didn’t respond to a request for comment from Business Insider.
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Banks are fighting for customer dollars right now, and people with cash to spare are well-positioned to benefit from a high rate environment. With rates rapidly changing, how can you feel confident that you’re getting the best savings account or best CD?
We monitor rates from banks and credit unions daily to help you feel confident before you open a new account. Experts don’t expect CD rates to go up in 2024, so now could be a great time to lock in a rate if you’re ready. Here are the top rates for popular savings accounts and CDs on Thursday, June 6.
Featured Nationally Available Savings Rates
| Account Name | APY (Annual Percentage Yield) Accurate as of 6/5/2024 | Minimum Account Opening Balance |
| Western Alliance Bank High-Yield Savings Premier | 5.36% | $500 |
| BrioDirect High-Yield Savings Account | 5.30% | $5,000 |
| NexBank High Yield Savings Account | 5.26% | $1 |
| CIT Bank Platinum Savings | 5.00% (with $5,000 minimum balance) | $100 |
| Capital One 360 Performance Savings | 4.25% | $0 |
Featured Nationally Available CD Rates
| Account Name | APY (Annual Percentage Yield) Accurate as of 6/5/2024 | Minimum Account Opening Balance |
| Barclays 1 Year Online CD | 5.00% | $0 |
| Banc of California 3 Month CD, powered by Raisin | 5.34% | $1 |
| Barclays 6 Month Online CD | 4.85% | $0 |
| SkyOne Federal Credit Union 1 Year No Penalty CD | 4.75% | $1 |
| Discover 18 Month CD | 4.40% | $2,500 |
| Bread Savings 2 Year High-Yield CD | 4.65% | $1,500 |
| Quontic 5 Year CD | 4.30% | $500 |
Savings Account Bonus
Alliant High-Rate Savings Account
Earn a $100 bonus when you deposit at least $100 a month for 12 consecutive months and have a balance of $1,200 or more at the end of the 12-calendar-month period (offer expires December 31, 2024).
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Leading Checking & Savings Combo Account Bonus
Earn up to $300 with qualifying direct deposit for eligible customers (offer expires 12/31/24). Earn up to 4.60% APY on savings balances (including Vaults) with direct deposit.
See more bank account bonuses »
About High-Yield Accounts
High-yield savings accounts aren’t the only accounts paying favorable rates right now. You’ll typically see the highest rates at online or lower-profile institutions rather than national brands with a significant brick-and-mortar presence. This is normal; online banks have lower overhead costs and are willing to pay high rates to attract new customers.
High-Yield Savings Accounts
The best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Savings accounts are held at a bank or credit union — not invested through a brokerage account — and are best for saving cash in pursuit of shorter-term goals, like a vacation or big purchase.
High-Yield Checking Accounts
The best high-yield checking accounts tend to pay slightly lower rates than high-yield savings, but even they are strong in today’s rate environment. A checking account is like a hub for your money: If your paycheck is direct deposited, it’s typically to a checking account. If you transfer money to pay a bill, you typically do it from a checking account. Checking accounts are used for everyday spending and usually come with checks and/or debit cards to make that easy.
Money Market Accounts
The best money market accounts could be considered a middle ground between checking and savings: They are used for saving money but typically provide easy access to your account through checks or a debit card. They usually offer a tiered interest rate depending on your balance.
Cash Management Accounts
A cash management account is also like a savings/checking hybrid. You’ll generally see them offered by online banks, and, unlike a checking account, they usually offer unlimited transfers. A savings account often limits the number of monthly transfers, while a checking account doesn’t. Cash management accounts typically come with a debit card for easy access, but you may have to pay a fee if you want to deposit cash.
Certificates of Deposit
The best CD rates may outpace any of the other accounts we’ve described above. That’s because a certificate of deposit requires you to “lock in” your money for a predetermined amount of time ranging from three months to five years. To retrieve it before then, you’ll pay a penalty (unless you opt for one of the best no-penalty CDs). The longer you’ll let the bank hold your money, the higher rate you’ll get. CD rates aren’t variable; the rate you get upon depositing your money is the rate you’ll get for the length of your term.
About CD Terms
Locking your money into an account in exchange for a higher interest rate can be a big decision. Here’s what you need to know about common CD terms.
No-Penalty CDs
Most CDs charge you a fee if you need to withdraw money from your account before the term ends. But with a no-penalty CD, you won’t have to pay an early withdrawal penalty. The best no-penalty CDs will offer rates slightly higher than the best high-yield savings accounts, and can offer a substantially improved interest rate over traditional brick-and-mortar savings accounts.
6-Month CDs
The best 6-month CDs are offering interest rates in the mid-5% range. Six-month CDs are best for those who are looking for elevated rates on their savings for short-term gains, but are uncomfortable having limited access to their cash in the long term. These can be a good option for those who may just be getting started with saving, or who don’t have a large emergency fund for unexpected expenses.
1-Year CDs
The best 1-year CDs tend to offer some of the top CD rates, and are a popular option for many investors. A 1-year term can be an attractive option for someone building a CD ladder, or for someone who has a reasonable cash safety net but is still concerned about long-term expenses.
2-Year CDs
The best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. In exchange for a longer lock-in period, investors receive a long-term commitment for a specific rate. These are best used as part of a CD ladder strategy, or for those worried about a declining rate market in the foreseeable future.
3-Year CDs
The best 3-year CDs tend to have rates that are comparable to 2-year CDs. These are usually less popular for your average investor, but can be an important lever when diversifying investments and hedging against the risk of unfavorable rate markets in the long term.
5-Year CDs
The best 5-year CDs will offer lower rates than the other terms on our list, but are still popular options for investors. These CDs are best for those looking to lock in high rates for the long term. CDs are generally viewed as safe investment vehicles, and securing a favorable rate can yield considerable earnings in year three and beyond — even if rates fall elsewhere.
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