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Altman's desperate damage control as Meta's $300M raids expose OpenAI's vulnerability
July 2nd, 2025
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Read Time: 10 Minutes
Today’s Menu
Sam Altman rallies troops with fiery response to Meta's aggressive poaching campaign
Bitcoin positioned for strong July performance amid corporate treasury surge
Markets
Price | 1 Day Change |
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Bitcoin | $107,348 | 0.8% ⬆️ |
---|---|---|
Ethereum | $2,443 | 0.1% ⬇️ |
Solana | $147 | 0.5% ⬇️ |
TODAY IN AI
Sam Altman rallies troops with fiery response to Meta's aggressive poaching campaign
OpenAI CEO Sam Altman sent a heated Slack message to researchers Monday night, dismissing Meta's recruiting tactics as "distasteful" while attempting to rally employees around mission over money. According to WIRED, Altman's message revealed both his frustration and defensive strategy as Meta continues its relentless talent acquisition campaign.
Altman claimed Meta failed to secure their primary targets despite offering compensation packages up to $300 million over four years, suggesting the social media giant had to settle for researchers "quite far down their list." This characterization attempts to minimize the significance of the departures while protecting remaining employee morale.
The CEO promised OpenAI is evaluating compensation across its research division, arguing that the company's stock offers "much, much more upside" than Meta's offerings. However, this promise of future wealth contrasts with Meta's immediate cash commitments, creating tension between speculative future value and guaranteed present compensation.
More tellingly, Altman warned that Meta's tactics would create "deep cultural problems," contrasting OpenAI's mission-driven culture with what he characterized as a "flavor of the week" mentality. This framing positions the talent war as a battle between principled innovation and mercenary opportunism.
OpenAI CRO Mark Chen escalated the rhetoric by comparing Meta's recruitment to "someone breaking into our home," revealing the emotional impact these departures have had on OpenAI's leadership. Such dramatic language suggests the losses represent more than typical employee turnover.
Meta CEO Mark Zuckerberg introduced "Meta Superintelligence Labs" to employees this week, highlighting 11 new hires from OpenAI, Google, and Anthropic. This public announcement demonstrates Meta's confidence in its recruitment success and willingness to provoke competitors.
TODAY IN CRYPTO
Bitcoin positioned for strong July performance amid corporate treasury surge
Bitcoin has gained 0.9% in the past 24 hours, recovering from a brief dip after closing June at record levels. Historical data suggests July could continue this momentum, with Bitcoin rising in seven of the past ten years during the month, averaging approximately 7% gains according to CoinGlass data.
Market maker Wintermute's analysis provides additional support for July optimism, showing it's the only month that historically pairs strong gains with subdued sentiment. Over the past three years, Bitcoin averaged more than 0.3% daily returns during July while funding rates remained near zero—indicating gains occurred without speculative excess.
The dollar's current weakness adds another supportive factor, with the DXY index reaching three-year lows and approaching a technical death cross pattern that has consistently marked dollar bottoms since 2008. Given Bitcoin's typical inverse correlation with dollar strength, continued greenback weakness could fuel further crypto gains.
Corporate adoption continues accelerating, with publicly listed firms purchasing roughly 131,000 BTC in the second quarter—an 18% increase that outpaced the 8% growth in U.S. spot ETF holdings. This corporate treasury trend provides structural demand that supports higher price levels regardless of retail sentiment.
Thursday's U.S. payrolls report will likely influence Federal Reserve policy expectations, with Chair Jerome Powell maintaining the central bank will "wait and learn" how tariffs affect inflation. Trump's July 9 deadline for reciprocal tariffs on trading partners adds additional uncertainty, while the House prepares to vote on legislation that could add $3.3 trillion to national debt.
The combination of seasonal strength, dollar weakness, corporate adoption, and potential monetary easing creates multiple supportive factors for Bitcoin in July. However, geopolitical developments and economic data could quickly alter this favorable setup.
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