PANews June 18 news, according to Bloomberg, OpenAI CEO Sam Altman said in a podcast that Meta offers up to $100 million in signing bonuses and higher annual salaries to recruit its employees, but "no core employees have accepted the invitation yet." Meta is building a "super intelligence" team and has invested $14.3 billion in Scale AI, appointing its CEO Alexandr Wang to join the team. Altman pointed out that although Meta has ambitions, there is still a gap between its innovation capabilities and culture and OpenAI.


Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more
