Chris Campbell:

Robinhood Gives Out Tokens of OpenAI and SpaceX in Europe. Stock Hits Record

Robinhood stock climbed 10% to an all-time high Monday after the company rolled out tokenized shares of OpenAI and SpaceX to users in Europe as part of a larger crypto rollout.

It is the company’s first move to make private equity accessible via blockchain.

The announcement, which came Monday during the company’s product showcase in Cannes, is part of a broader push to expand Robinhood’s crypto footprint globally. The tokenized assets will be available exclusively through Robinhood’s EU crypto app, where more than 200 tokenized stocks and ETFs are now tradable 24 hours a day, five days a week with no commission or spread.

OpenAI and SpaceX stand out since neither company is publicly listed, and access to their equity has historically been limited to insiders and ultra-wealthy investors.

“We wanted to make sure we were giving access,” said Johann Kerbrat, senior vice president and general manager of crypto at Robinhood. “The goal with tokenization is to let anyone participate in this economy.”

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Davis Wilson:

‘Someone Has Broken Into Our Home and Stolen Something’: An OpenAI Exec on Meta’s Poaching Spree

Over the past week, Meta has recruited four senior OpenAI researchers to join its newly formed “superintelligence lab” — and their departures (following earlier departures) prompted OpenAI chief research officer Mark Chen to sound the alarm internally over the weekend.

“I feel a visceral feeling right now, as if someone has broken into our home and stolen something,” Chen wrote in a staff-wide Slack message. “Please trust that we haven’t been sitting idly by.”

The memo signals just how seriously OpenAI is treating Meta’s talent grab — and how personal things have become. CEO Mark Zuckerberg has reportedly been reaching out directly to OpenAI employees with aggressive offers, including signing bonuses and first-year compensation packages rumored to be as high as $100 million.

Some Meta-linked researchers have publicly disputed the rumored compensation figures — calling them “fake news” — but Meta hasn’t denied that big checks are being written.

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Ray Blanco:

Microsoft Says AI System Better Than Doctors at Diagnosing Complex Health Conditions

Microsoft has revealed details of an artificial intelligence system that performs better than human doctors at complex health diagnoses, creating a “path to medical superintelligence”.

The company’s AI unit, which is led by the British tech pioneer Mustafa Suleyman, has developed a system that imitates a panel of expert physicians tackling “diagnostically complex and intellectually demanding” cases.

Microsoft said that when paired with OpenAI’s advanced o3 AI model, its approach “solved” more than eight of 10 case studies specially chosen for the diagnostic challenge. When those case studies were tried on practising physicians – who had no access to colleagues, textbooks or chatbots – the accuracy rate was two out of 10.

Microsoft said it was also a cheaper option than using human doctors because it was more efficient at ordering tests.

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