Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors

every morning. Good morning. Today is Wednesday, June 18th, and I'm your host, Kim Kahn, filling in for

Julie Morgan. OpenAI CEO Sam Altman says that meta-platforms made offers of up to $100 million in signing bonuses

to open AI employees to poach top AI talent. Speaking on a podcast hosted by his brother Jack

Altman, Sam Altman also said that meta's efforts haven't really worked. They started making

like these giant offers to, you know, a lot of people on our team, like $100 million

signing bonuses, more than that comp per year. Sam Altman said, I'm really happy that at least

so far, none of our best people have decided to take them up on that. I think that people sort of

look at the two paths and say, all right, open AI has got a really good shot, a much better

shot at actually delivering on super

intelligence, and also may eventually be the more valuable company, he said.

Altman noted that so far none of OpenAI's best people have chosen to accept Meta's offers,

criticizing the tech giant's approach to hiring.

I think the strategy of a ton of upfront guaranteed comp, and that being the reason you tell someone to join,

I don't think that's going to set up a great culture.

The Senate has passed legislation that would create a regulatory framework for stable coins

in a move that is seen as bolstering the legitimacy of the cryptocurrency industry.

The Genius Act passed the Senate 68 to 30 with bipartisan support.

It will now move to the House for potential revisions, and if approved, we'll head to President Donald Trump's desk.

The White House wants the bill pass before August.

Tennessee GOP Senator Bill Haggerty, the bill's sponsor, said,

This bill will cement U.S. dollar dominance, protect customers, increased demand for U.S.

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