James Altucher:

Meta Hires Key OpenAI Researcher To Work on AI Reasoning Models

Meta has hired a highly influential OpenAI researcher, Trapit Bansal, to work on its AI reasoning models under the company’s new AI superintelligence unit.

OpenAI spokesperson Kayla Wood confirmed to TechCrunch that Bansal had departed OpenAI. Bansal’s LinkedIn page says that he left OpenAI in June.

Bansal has worked at OpenAI since 2022 and was a key player in kickstarting the company’s work on reinforcement learning alongside co-founder Ilya Sutskever. He is listed as a foundational contributor on OpenAI’s first AI reasoning model, o1.

In recent months, Mark Zuckerberg has been on a hiring spree to build out Meta’s new AI team, offering $100 million compensation packages to top researchers who join his company. It’s unclear what Bansal was offered to join in this deal.

Nevertheless, it seems that Zuckerberg has been successful at nabbing top AI research talent.

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Enrique Abeyta:

Ken Griffin Is Full of Sh*t

Ken Griffin is one of the richest men in the world. He’s the Founder and CEO of Citadel LLC, one of the most successful hedge funds in history. Recent purchases of his include: $45 million for a dinosaur skeleton, $43 million for a first edition of the U.S. Constitution, and half a BILLION dollars for just two pieces of art in 2016!

Griffin was recently interviewed by Bloomberg and shared his best advice on how regular folks can make solid returns. His advice? You can’t. Don’t even try. Griffin says that retail investors should rely on “professional investors” to manage most of their money.

He is dead wrong. With the right combination of hard work, knowledge and discipline, anyone can succeed as an investor.

For anyone willing to do the work — learning a great process, finding great resources and remaining disciplined — great rewards await in investing.

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Davis Wilson:

Tesla’s Newest Robotaxi “Failure”

Naturally, social media is abuzz with criticism after Tesla’s self-driving robotaxis officially hit the streets of Austin this week. Critics are calling Tesla robotaxis dangerous. Sloppy. And a PR stunt.

If you’ve read any of my previous writings, you know I’m no Tesla cheerleader. But despite my bearishness on the stock, I’m not going to pile on and bash the technology. Because this? This is what progress looks like.

Expecting perfection out of the gate isn’t just unrealistic – it’s a misunderstanding of how innovation unfolds. Tesla robotaxis are on the road and they’re safely transporting passengers. That alone puts Tesla ahead of 99% of “autonomous” players still stuck in R&D labs or demo reels.

Call it messy, call it early – but this is real-world progress. And that’s more than you can say about most of the competition.

So no, I’m still not buying Tesla’s stock. But I’m not going to ignore the innovation either.

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