Bloomberg Tech Meta Tries to Poach OpenAI Staff, David Sacks Weighs In On Genius Act
14 snips
Jun 18, 2025 
David Sacks, the White House AI and Crypto Czar, offers insights into new stablecoin legislation and its implications for crypto markets. Klarna's CEO, Sebastian Siemiatkowski, discusses the brand's exciting shift towards a mobile service model, enhancing user experience as a digital financial assistant. Frank McCourt Jr. shares his vision for TikTok’s future amidst ongoing negotiations, advocating for user privacy over surveillance. Together, they navigate the evolving landscape of tech, regulation, and digital finance.
AI Snips
Chapters
Transcript
Episode notes
Meta's AI Talent War
- Meta offers signing bonuses up to $100 million to AI talent to catch up with OpenAI.
- However, OpenAI's mission and innovation culture attract employees beyond just compensation.
Mission Over Money in AI
- OpenAI employees prefer mission-driven innovation over money despite Meta's large bonuses.
- Internal bureaucracy at Meta hampers innovation compared to OpenAI's culture.
Balance AI with Human Touch
- Use AI to automate administrative tasks to free up human experts' time.
- Ensure humans remain available for personalized, complex customer interactions.