Notion plans to increase headcount roughly 30% this year as CEO Ivan Zhao pushes the company deeper into AI. Annual recurring revenue has passed $600 million, but mobile usage is stalling. The Big Read:

Notions of AGI and intelligence saturation are being thrown around pretty liberally these days. GPT-4 seemed brilliant on the day it was released yet its quite useless compared to todays models. Its hard for many to imagine how intelligent models could be, but as always once next generation models land it will be clear how limited todays AI still is.

Notion AI usage is compounding. Daily MCP calls are exploding (chart below 📈) and make up almost 1/3 of all our search traffic. Agent usage is almost quadruple our initial goals for the quarter. To keep up, we're hiring a wave of leaders. Context & Memories — Quality (EM) Context & Memories — Platform (EM) AI Security & Red-teaming (EM and IC) Generally talented people who want to have impact at Notion, even if no listing is perfect Retrieval and reasoning over everything you know, at 100M+ scale. Do it safely. Come own it. DMs open

⚠️ALERT: Notional Finance’s escrow contract suffers $1.7 MILLION exploit. The attacker minted a fake fCash claim equal to the Escrow’s entire live balance, settled it as real cash, withdrawing $1.7M in DAI and USDC, straight out of the contract. The stolen funds were then swapped into 689.2 ETH and deposited into Tornado Cash, per Specter Analyst.