OpenAI’s Altman: Meta unsuccessfully tried poaching its employees with $100 million offers

$100m

Mark Zuckerberg is on a hiring spree as he tries to build a “superintelligence” team at Meta to achieve AGI before anyone else. According to OpenAI CEO Sam Altman, Zuckerberg has been unsuccessful at poaching the company’s top engineers, even while offering them “$100 million signing bonuses” and compensation packages worth more than that.

Meta just agreed to pay $14 billion to acquire a 49% stake in training data startup Scale AI and hired away its CEO, Alexandr Wang, to lead the effort. Now they just need to figure out what AGI actually looks like, and when it might appear.

More Tech

See all Tech

Rani Molla2h

Meta buys chip startup Rivos in effort to lower its reliance on Nvidia

Meta is buying AI chip startup Rivos for an unknown sum, as part of the social media company's effort to decrease its reliance on graphics processing units from Nvidia, Bloomberg reports. Rivos was seeking funding in August at a $2 billion valuation. Meta has been spending exorbitant sums in an effort to create AI models that are smarter than humans, an effort that’s involved investing in developing its own AI chips.

Meta Is Said to Acquire Chips Startup Rivos to Push AI Effort

⚡️ +267% ⚡️

Jon Keegan4h

A new analysis by Bloomberg looked at wholesale electricity prices and found that in the past five years, areas near data centers saw their prices spike as much as 267%. More than 70% of the price increases took place in areas less than 50 miles from a data center.

As tech companies race to build colossal data centers, unprecedented energy demands from the projects are passing some of the costs on to consumers.

Tom Jones

one-stop bot shop

Americans still have hang-ups about using AI as a shopping assistant

Could ChatGPT’s new instant checkout help move the needle?

Woman walking next to humanoid robot carrying shopping bags

Rani Molla5h

OpenAI’s first-half 2025 sales were 16% higher than all of 2024

OpenAI brought in $4.3 billion in revenue in the first half of this year, 16% higher than its total revenue in 2024, The Information reports, citing financial disclosures to shareholders. The ChatGPT maker also burned through $2.5 billion in the same time frame.

Currently the company is generating more than $1 billion in revenue each month, which puts it on track to reach its full-year projection for $13 billion in revenue and $8.5 billion in cash burn — a paltry sum compared to the $115 billion it expects to burn through 2029.

OpenAI’s First Half Results: $4.3 Billion in Sales, $2.5 Billion Cash Burn

Rani Molla

What analysts expect from Tesla’s last quarter with the $7,500 tax credit

Tesla reports Q3 delivery numbers this week.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.