OpenAI says Robinhood tokens are not equity in the company

OpenAI says Robinhood tokens are not equity in the company

The platform’s OpenAI private equity tokens were disavowed by the company, prompting OpenAI co-founder, Elon Musk, to call the AI firm “fake.” OpenAI issued a statement on Wednesday clarifying that OpenAI tokens distributed to European Union users by the trading platform Robinhood do not represent equity in the company. “We are not involved in this…

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US Senate removes controversial ‘AI moratorium’ from budget bill

US Senate removes controversial ‘AI moratorium’ from budget bill

U.S. senators voted overwhelmingly on Tuesday to remove a controversial 10-year ban on states’ abilities to regulate AI from the Trump administration’s “Big Beautiful Bill,” reports Axios. The provision to the reconciliation bill was introduced by Sen. Ted Cruz (R-TX). Many prominent Silicon Valley executives — including OpenAI’s Sam Altman, Anduril’s Palmer Luckey, and a16z’s…

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Everything you need to know about the AI chatbot

Everything you need to know about the AI chatbot

ChatGPT, OpenAI’s text-generating AI chatbot, has taken the world by storm since its launch in November 2022. What started as a tool to supercharge productivity through writing essays and code with short text prompts has evolved into a behemoth with 300 million weekly active users. 2024 was a big year for OpenAI, from its partnership…

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Meta is offering multimillion-dollar pay for AI researchers, but not 0M ‘signing bonuses’

Meta is offering multimillion-dollar pay for AI researchers, but not $100M ‘signing bonuses’

Meta is definitely offering hefty multimillion-dollar pay packages to AI researchers when wooing them to its new superintelligence lab. But no one is really getting a $100 million “signing bonus,” according to a poached researcher and comments from a leaked internal meeting. During a company-wide all-hands meeting on Thursday leaked to The Verge, some of…

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Meta reportedly hires four more researchers from OpenAI

Meta reportedly hires four more researchers from OpenAI

Looks like Meta isn’t done poaching talent from OpenAI. Earlier this week, TechCrunch reported that Meta had hired influential OpenAI researcher Trapit Bansal, and according to The Wall Street Journal, it also hired three other researchers from the company. Now The Information is reporting four more Meta hires from OpenAI: Researchers Shengjia Zhao, Jiahui Yu,…

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Week in Review:  Meta’s AI recruiting blitz

Week in Review:  Meta’s AI recruiting blitz

Welcome back to Week in Review! Lots of news for you this week — Travis Kalanick is possibly returning to the world of self-driving vehicles, CoreWeave’s CEO is now worth $10 billion, Apple users aren’t happy with how the company is promoting its new “F1” movie, and much more.  Quick note that we will be…

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Sam Altman comes out swinging at The New York Times

Sam Altman comes out swinging at The New York Times

From the moment OpenAI CEO Sam Altman stepped onstage, it was clear this was not going to be a normal interview. Altman and his chief operating officer, Brad Lightcap, stood awkwardly toward the back of the stage at a jam-packed San Francisco venue that typically hosts jazz concerts. Hundreds of people filled steep theatre-style seating…

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