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Bloomberg Technology

Meta Tries to Poach OpenAI Staff, David Sacks Weighs In On Genius Act

Bloomberg Technology

Bloomberg

Tech News, Business News, Business, News

4.549 Ratings

🗓️ 18 June 2025

⏱️ 49 minutes

🧾️ Download transcript

Summary

Bloomberg’s Caroline Hyde and Ed Ludlow discuss the impact of the stablecoin legislation that passed the Senate with White House AI and Crypto Czar David Sacks. Plus, Klarna CEO Sebastian Siemiatkowski talks about the startup's super-app ambitions; Zoox CEO Aicha Evans joins from the company’s new facility to mass-produce robotaxis; and OpenAI CEO Sam Altman claims Meta is offering bonuses as high as $100 million to OpenAI staffers to jump ships.

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Transcript

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0:00.0

This is an IHeart podcast.

0:04.1

Discover how one of China's largest financial services companies

0:07.8

serves 240 million customers with AI-powered solutions.

0:12.9

Hear from Pingan's co-CEO and chief scientist.

0:16.8

We're on a gold mile of data.

0:18.7

Integrated to provide tailored solutions to our customers.

0:22.0

Public domain tax 3.2 trillion tokens, 7.5 billion images.

0:27.0

Tune in to our technology-powered growth podcast. Find it at group.pignan.com, Spotify or Apple Podcasts.

0:34.3

The data that matters for your investments. The entire auto sector is higher today.

0:39.7

And analysis on the companies making news on Wall Street. Tesla's been a stock that's been in

0:44.0

focus. Shears have really been all over the map this morning. Listen to the stock movers report from

0:48.9

Bloomberg. Let's talk about some other decliner. It's your short audio report on the day's

0:53.8

winners and losers in the

0:55.2

stock market. Second biggest driver in terms of points for the S&P 500. Subscribe to the stock

1:00.2

movers report on Apple Podcasts, Spotify, or wherever you listen.

1:08.6

Bloomberg Tech is live from coast to coast with Caroline Hyde in New York and Ed Lovlo in San Francisco.

1:18.6

This is Bloomberg Tech coming up. Open AI CEO Sam Altman says Meta offered his employees signing bonuses as high as $100 million.

1:28.6

Plus, it's a win for the crypto industry after a stable coin bill passes the Senate.

1:33.0

We discuss where the White House crypto czar, David Sachs.

1:37.1

And another extension for the sale of TikTok.

1:39.8

We have Frank McCourt, Jr. to talk through where his bid stands.

1:43.8

Meanwhile, we talk about these

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