Meta Halts AI Hiring Amid Bubble Concerns - 1

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Meta Halts AI Hiring Amid Bubble Concerns

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

Meta has paused hiring for its new AI division after spending millions acquiring top talent. While some experts suggest the move could be linked to concerns about an “AI bubble,” Meta maintains it is simply part of its organizational planning.

In a rush? Here are the quick facts:

  • Meta has paused hiring for its new AI division
  • Analysts speculate that Mark Zuckerberg’s decision could be connected to the massive investments pouring into the sector and recent AI bubble remarks.
  • Meta said it’s part of its organizational planning.

According to an exclusive report from The Wall Street Journal (WSJ) , Meta froze recruitment after seeking some of the most talented AI engineers and researchers on the market. The tech giant has been poaching dozens of experts from competitors in the AI race, including Google, OpenAI, Anthropic, and xAI, and offering attractive contracts.

The news spread just days after Sam Altman remarked that the AI market might be in a bubble , prompting analysts to speculate that Mark Zuckerberg’s decision to halt AI hiring could be connected to the massive investments pouring into the sector. However, Meta clarified that the move is strictly organizational.

A spokesperson from Meta told the WSJ that the freeze has to do with “basic organizational planning: creating a solid structure for our new superintelligence efforts after bringing people on board and undertaking yearly budgeting and planning exercises.”

Sources familiar with the matter said Meta is restructuring its superintelligence division into four teams: one focused on AI products, one on superintelligence technology—called TBD Lab—, one on infrastructure, and a fourth on projections and exploratory research known as Fundamental AI Research.

These teams are expected to work in parallel to build and develop Zuckerberg’s ambitious vision for the future of AI.

A couple of months ago, Meta negotiated a deal to acquire a 49% stake in AI training startup Scale AI for about $14.8 billion, also bringing the company’s CEO, Alexandr Wang, into Meta’s leadership structure.

In June, Meta announced the creation of a SuperIntelligence lab , led by Wang, and has been offering multimillion-dollar packages to attract AI experts. Zuckerberg has reportedly offered more than $200 million to AI engineer and researcher Ruoming Pang to lure him away from Apple.

Bitcoin Investor Loses $91 Million To Social Engineering Scam - 2

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Bitcoin Investor Loses $91 Million To Social Engineering Scam

  • Written by Andrea Miliani Former Tech News Expert
  • Fact-Checked by Sarah Frazier Former Content Manager

A cryptocurrency investor lost 783 Bitcoin—around $91 million—on Tuesday after falling victim to a social engineering scam. Blockchain investigator ZachXBT revealed the fraud on Telegram and social media, explaining that malicious actors impersonated customer support agents from the investor’s hardware wallet provider.

In a rush? Here are the quick facts:

  • A cryptocurrency investor lost 783 Bitcoin, around $91 million, this week.
  • Malicious actors impersonated customer support agents from the investor’s hardware wallet provider.
  • Blockchain investigator ZachXBT revealed the fraud on Telegram and social media.

According to Coindesk , the attack resembles other scams reported this year, contributing to an estimated $3.1 billion in losses for crypto investors during the first half of the year.

After getting the funds, the scammers made multiple deposits into a privacy-focused wallet service called Wasabi Wallet, which is often used to obscure transaction trails.

On Aug 19, 2025 a victim fell for a social engineering scam and lost 783 BTC ($91M) after exchange and hardware wallet customer support were impersonated. The stolen funds began to peel off and deposits to Wasabi were made by the threat actor. Coincidentally this theft… pic.twitter.com/gglShNo2UC — ZachXBT (@zachxbt) August 21, 2025

“The stolen funds began to peel off, and deposits to Wasabi were made by the threat actor,” explained the investigator ZachXBT. “Coincidentally, this theft happened on the one year anniversary of the $243M Genesis Creditor theft.”

ZachXBT did not disclose the names of the impersonated companies or the aliases of the suspected scammers. Following the Genesis theft mentioned by the investigator, U.S. authorities arrested two individuals linked to the crime —in an investigation in which ZachXBT collaborated as well.

The recent theft has renewed concerns about blockchain security and the growing sophistication of social engineering and other cybercrime tactics. Multiple users commented on ZachXBT’s post on the social media platform X. “How does this even happen?,” wrote one user. “Genuinely makes you worry about digital assets, sometimes cash really does feel somewhat safer.”

Last year, the FBI issued an alert over social engineering techniques used by cybercriminals to steal funds. “Obtaining personal information through these techniques gives cybercriminals the ability to invade a victim’s network, steal victim data, and extort victims by threatening to release private data,” the agency warned.

According to a recent report shared in January, more than 332,000 victims lost around $500 million in cryptocurrency through wallet drainer scams in 2024.