Tech giants compete for AI talent and new laws

In the fast-moving world of technology, companies are racing to build the best artificial intelligence (AI). Meta, the company behind Facebook, is trying to hire top AI experts from OpenAI, the creators of ChatGPT. Sam Altman, OpenAI’s CEO, said Meta offered huge bonuses—up to $100 million—to convince his team to switch companies. So far, none of OpenAI’s key staff have left, showing their loyalty to the company’s mission of creating advanced AI.

Meta’s efforts come as it struggles to keep up with competitors like OpenAI and Google in the AI race. Meanwhile, new laws are shaping the tech world. The U.S. Senate recently passed a stablecoin bill, which could boost the U.S. dollar’s role in digital payments. David Sacks, a tech expert and White House advisor, discussed this on Bloomberg Tech, explaining how the “Genius Act” could help banks and consumers by making digital currency rules clearer.

In other news, Klarna’s CEO, Sebastian Siemiatkowski, shared plans to turn the company into a “super-app” for financial services, aiming to make banking easier for users. Also, Zoox, a company working on self-driving taxis, opened a new factory to build more robotaxis, showing how AI is changing transportation. This mix of competition for AI talent and new laws highlights how fast the tech world is changing. Companies like Meta and OpenAI are fighting for the best minds, while lawmakers work to keep up with innovation.