Top stories today:

1. Meta said to plan 4th AI restructuring in 6 months
2. OpenAI staffers said to sell $6B in stock to investors
3. Gemini, led by Winklevoss twins, files for IPO as crypto listings boom
4. ChatGPT mobile app hits $2B revenue since May 2023 launch
5. Ukraine’s Zelensky to meet Trump at Oval Office at 1 PM ET

0. Data and calendar

Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):

1. Meta said to plan 4th AI restructuring in 6 months

• Meta Superintelligence Labs will be divided into 4 groups.

  • TBD (to be determined) Lab will reportedly be a new lab, working on Meta’s next-gen Llama LLM and is rumored to have several leads.

    • Ex-Googler Jack Rae would lead pre-training, while former Apple lead model developer, Ruoming Pang, would lead TBD Lab’s infrastructure.

    • Former OpenAI researcher Jiahui Yu would lead its multimedia efforts.

    • Ex-OpenAI researcher Hongyu Ren and ex-Googler Pei Sun will be among post-training leaders.

2. OpenAI staffers said to sell $6B in stock to investors in deal valuing company at $500B

• SoftBank, Dragoneer, and Thrive Capital are reportedly buying OpenAI shares from its current and former employees.

• The secondary share investment is on top of SoftBank’s commitment to lead OpenAI’s upcoming $40B round.

• The talks are early, and the size of the share sale could still change.

• OpenAI’s share sale could aid in retaining talent amid growing competition from Meta and others.

4. Gemini, led by Winklevoss twins, files for IPO as crypto listings boom