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Meta's AI employees, who are well remunerated, have started to leave the company.

Zuckerberg named new appointees from prominent organizations and seasoned deputies, generating media attention. Yet, just a few days after, controversies arose.

Meta's AI personnel, who are well-compensated, are leaving the company, known as Zuckerberg's...
Meta's AI personnel, who are well-compensated, are leaving the company, known as Zuckerberg's departure.

Meta's AI employees, who are well remunerated, have started to leave the company.

In the world of technology, the week has been marked by a flurry of developments, from AI resignations to crypto launches and market volatility.

Starting with the tech giants, Meta is facing challenges in stabilizing its superintelligence push following the resignations of several AI experts. Notable departures include Shengjia Zhao, a co-creator of OpenAI's ChatGPT, who left Meta after being named Meta's chief AI scientist. Alongside Zhao, longtime Meta executive Chaya Nayak, along with Ethan Knight, Avi Verma, and Rishabh Agarwal, machine-learning scientists and former OpenAI researchers, have also left Meta. This exodus of talent has set the tone for Meta's next phase in the AI competition.

Meanwhile, OpenAI is benefiting from these departures, with Nayak joining OpenAI to work on special initiatives. Demis Hassabis, cofounder of DeepMind, stated that frontier researchers want to 'help influence how AGI plays out and steward the technology safely into the world,' rather than chase salaries. However, Meta has offered huge pay packages with hundreds of millions, and somewhere near $1 billion, to hire researchers from OpenAI, DeepMind, and Apple.

The stock market has not been immune to the turbulence. BYD, a Chinese electric vehicle manufacturer, has seen its stock lose $45 billion in value amid rising doubts over China's EV dominance. In a different sector, Nvidia stock crashed by 3% as China accuses it of breaching anti-monopoly law.

The crypto world has seen its fair share of action too. XRP and Dogecoin ETFs are set to launch this week, while Solana received a significant boost with Pantera backing the platform with a $1.1B bet, eyes set on a potential $750K Bitcoin. However, Monero's double-spending threat has grown after a block reorganization, and one user lost $1M USDC to a MEV bot after a mistaken transaction.

In other news, Santander's Openbank has rolled out Bitcoin, Ether, and more for European users, and Pi Network began its final Testnet1 upgrade ahead of the mainnet transition. The UAE M2 crypto exchange has dropped its business model, and hackers have seized the FBI's botnet takedown targets and built a stronger cyberweapon from it.

Lastly, in a twist of events, Benjamin Mann, cofounder of Anthropic, said that his best case at Anthropic is to affect the future of humanity, while his best case at Meta is to make money.

As always, stay tuned for more updates in the world of technology.

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