The final season of “Squid Game” was released on Friday, and continued the show’s perfect track record of prompting Americans to do something generally quite out of character: show interest in another country by Googling this.
A quarter that started with US stocks falling out of bed ended with the S&P 500 booking a double-digit gain amid more signs of progress on agreements that may help prevent trade wars from flaring up again. The benchmark US stock index booked another record close with a 0.5% gain, as did the Nasdaq 100 with a 0.6% advance. The Russell 2000 inched 0.1% higher.
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Mark Zuckerberg wants a best-in-class AI development wing at Meta that can outrun all the other contenders in the enormously competitive space.
Bad luck for him that he didn’t actually bother to build that best-in-class AI development wing at Meta when he would have needed to several years ago. Good luck for him, though, that Meta is very, very rich, so now it’s just poaching the best brains from everyone else and seeing what happens.
Meta is offering huge pay packages — some as high as $100 million — to build out its “superintelligence” AI team. Now OpenAI is getting skittish given how thoroughly Zuck’s raided its team. |
- In an internal memo to employees, Zuckerberg said the new team will be called “Meta Superintelligence Labs,” headed by Scale AI founder Alexandr Wang, who will be assisted by Nat Friedman, the former CEO of GitHub.
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OpenAI Chief Research Officer Mark Chen said in a memo on Saturday that the ChatGPT maker is actively talking with workers who’ve received offers from Meta and trying to counter them.
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“We’ve been more proactive than ever before, we’re recalibrating comp, and we’re scoping out creative ways to recognize and reward top talent,” he wrote.
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Zuck’s memo reportedly listed 11 new hires, including top researchers from Google, DeepMind, OpenAI, and Anthropic. |
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Reports said the company plans to hire more than 50 people for the team. So far, the biggest target of poaching has been OpenAI, which has shed lots of talent to Menlo Park and accounted for a little more than half of the announced names. Our Sankey diagram of the hires |
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The company bridging the Bitcoin gap |
2024 was the year crypto went mainstream. But in 2025, there’s a still missing link connecting Bitcoin to the real world.
Bitcoin ATMs are the (often overlooked) bridge to mass crypto adoption — and Bitcoin Depot is leading the shift as the world’s largest operator. With 8,500+ machines across the U.S., Canada, and Australia, Bitcoin Depot is gaining momentum with the crypto wave. 2024 revenues came in at $573.7M, and Q1 2025 revenue is already up 19% YoY.1
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