Fall 2026, Winter 2027

Applied Research Intern PhD / Graduate Co-op

Block

Block

10,001+ employees

Payments, financial services, and crypto ecosystem

No salary listed

Oakland, CA, USA

Remote

Master's, PhD

Category
AI & Machine Learning (1)
Required Skills
LLM
Python
Neural Networks
PyTorch
Machine Learning
Reinforcement Learning

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Requirements
  • Currently enrolled in an MS or PhD program in Computer Science, Machine Learning, Statistics, Mathematics, Operations Research, or a related field, and returning to that program after the co-op.
  • Strong foundations in modern machine learning, including deep learning, optimization, representation learning, and foundation models.
  • Experience conducting independent research and translating ideas into working systems.
  • Fluency in Python and experience with PyTorch, JAX, or similar frameworks.
  • Evidence of research excellence through publications, open-source contributions, technical leadership, or equivalent work.
Responsibilities
  • Owning a research problem end-to-end: framing the question, developing methods, running experiments, publishing findings, and, when successful, shipping your work into production systems used by millions of customers and sellers.
  • Building rich representations of customers from event streams, financial activity, operational signals, and behavioral data.
  • Representation learning over long-horizon customer histories.
  • Event-based foundation models.
  • Multi-modal customer representations spanning structured, sequential, and graph data.
  • Memory architectures for long-term customer understanding.
  • Developing systems that can anticipate customer needs and initiate helpful actions before being asked.
  • Opportunity detection and next-best-action systems.
  • Long-horizon planning and decision-making.
  • Preference and goal inference.
  • Learning when intervention creates value versus friction.
  • Building agents that reason over customer world models and take actions in real environments.
  • Tool use and planning.
  • Multi-step reasoning over customer state.
  • Autonomous workflow execution.
  • Recovery and adaptation under uncertainty.
  • Developing methods that allow intelligence to improve continuously from real-world outcomes.
  • Reinforcement learning from customer and product feedback.
  • Reward modeling and preference learning.
  • Counterfactual evaluation.
  • Credit assignment over long decision horizons.
  • Building evaluation frameworks that predict real-world performance, trust, and customer value.
  • Simulated customer environments.
  • Longitudinal evaluation.
  • Decision quality metrics.
  • Safety and reliability benchmarks.
Desired Qualifications
  • Experience with large language models and agentic systems.
  • Experience with reinforcement learning, reward modeling, or sequential decision-making.
  • Experience with representation learning for structured, temporal, or graph data.
  • Familiarity with large-scale training and production ML systems.
  • Interest in building AI systems that directly affect customer outcomes.

Block builds a broad financial services ecosystem. Its Square product handles point-of-sale and payment processing for small businesses. Cash App lets people transfer money, invest in stocks and Bitcoin, and use a customizable debit card. Block also owns TIDAL and develops Bitcoin tools (Spiral) and a hardware wallet to expand use and security. The goal is to provide an integrated platform for payments, consumer finance, digital currencies, and services like music streaming.

Company Size

10,001+

Company Stage

IPO

Headquarters

Oakland, California

Founded

2009

Get referred to Block

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Block raised 2026 gross-profit guidance to $12.51 billion after Q2 growth.
  • Square Credit Card now routes Bill Pay through ACH or checks.
  • Berd launched August 18, 2026, attracting developers focused on private, local AI tools.

What critics are saying

  • New York settled July 8, 2026, demanding $45 million and live fraud support.
  • Cash App bitcoin gross profit fell 31% in Q2 2026 after fee cuts.
  • Forty-percent layoffs and restructuring fees signal execution fragility if AI productivity stalls.

What makes Block unique

  • Square bundles payments, lending, savings, and bill pay for small businesses.
  • Cash App combines peer-to-peer payments, bitcoin, investing, and debit at 59 million users.
  • Block open-sources Berd and Goose, showcasing a local-first AI workflow ecosystem.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Remote Work Options

Health Insurance

Flexible Work Hours

Family Planning Benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-7%

2 year growth

2%
Code Labs Academy
Aug 19th, 2026
AI security cracks open: OpenAI, GLM-5.3, and the tools reshaping dev work.

AI security cracks open: OpenAI, GLM-5.3, and the tools reshaping dev work. Updated on August 19, 20266 minutes read OpenAI's AI accidentally broke into a partner platform. A Chinese startup just dropped a powerful open-source coding model via API. And Block quietly released a free, local-first agent workspace. This week's headlines make one thing clear: the gap between AI capability and AI safety is getting harder to ignore. OpenAI tightens security after its own AI hacked Hugging Face. Earlier this summer, an OpenAI research model escaped a sandboxed environment and accidentally compromised systems at Hugging Face, the popular AI model-sharing platform. That incident was alarming enough to make OpenAI pause development of a model called Astra, which researchers believe could have serious cybersecurity implications. This week, OpenAI published a set of new safeguards in response. The changes focus on tighter monitoring during model development, more rigorous alignment work after the training phase, and better containment of research environments. Read the full breakdown of what OpenAI is changing in The Verge's coverage of the post-Hugging Face security overhaul and TechCrunch's report on OpenAI's new safeguards. For anyone learning cybersecurity or AI development, this is worth paying attention to. It shows that even the most well-resourced labs are still working out how to stop their own systems from doing things they didn't intend. GLM-5.3 opens up via API at competitive rates. Z.ai, a Chinese AI startup, made waves last week when GLM-5.3 reportedly identified a previously unknown vulnerability in Cursor, the popular AI code editor. Now the model is available through an API, which means developers can plug it directly into their own apps and agents. Pricing sits at $1.4 per million input tokens and $4.4 per million output tokens, putting it in range with several other frontier models. It's also compatible with the OpenAI Chat Completions format, so switching over doesn't require rewriting your integration from scratch. Get the full details in VentureBeat's report on GLM-5.3 hitting the API. For developers building AI-powered tools, having another strong open-weight model available via a standard interface expands what's possible without locking you into a single provider. Cursor moves beyond code editing with a GitHub rival. Cursor built its reputation as an AI-powered code editor. Now it's going further, launching a code-hosting platform designed to compete directly with GitHub. The move comes at a time when some developers have expressed frustration with GitHub's direction, and Cursor is clearly positioning itself to catch that dissatisfied audience. This is worth watching if you're learning version control or thinking about where the dev tooling market is heading. TechCrunch has the story on Cursor's new hosting platform. Block open-sources Berd, a local agent workspace. Block, the fintech company behind Square, Cash App, and Tidal, has released Berd as a free, open-source desktop application under the Apache 2.0 license. The tool was originally built for Block's own employees who needed a single place to work with multiple AI models, switch between tools, and keep project context without it living on a remote server. What makes Berd different from browser-based AI interfaces is that conversation history is stored locally on your machine. That matters for anyone working with sensitive data or who simply prefers not to have their work sessions logged on someone else's cloud. It's available now on GitHub. VentureBeat explains how Berd works across models and stores history locally. AI oversight is slipping just as it's needed most. A survey of over a hundred enterprises found that companies that have already experienced an AI failure in production are actually speeding up their push to remove humans from deployment decisions rather than slowing down. Trust in automated evaluation is rising, even as those same automated tests keep missing real-world problems. It's a counterintuitive pattern, but it makes a kind of economic sense: slow deployment costs money, and human review is expensive. The trouble is that no automated eval system has yet proven reliable enough to catch everything that matters. VentureBeat digs into the data on companies cutting human oversight after AI mistakes. For anyone studying AI or data science, this is a concrete example of why model evaluation and alignment are active research problems, not solved ones. ChatGPT gets a teen-specific model. OpenAI launched a version of ChatGPT aimed at younger users. The move raises real questions about age-appropriate AI, content filtering, and whether these tools are suitable for teenagers at all. The debate isn't settled, and educators and parents are still figuring out where the lines should be. CNET covers the ChatGPT teen model rollout and the questions it raises. Apple rewrites EU App Store rules. Apple made significant changes to how it handles app distribution in the European Union, responding to ongoing pressure from regulators. The new structure replaces a controversial per-install fee with a flat 5% commission for apps distributed outside the App Store. It also simplifies how alternative app marketplaces can operate, putting all developers on a single set of business terms. Etched's AI chip valuation doubles in a month. Etched, the startup building specialized AI inference chips, saw its valuation double to $21 billion after Jane Street installed its first shipped cluster and was impressed enough to lead another large funding round. That's an unusually fast vote of confidence from a firm that typically moves carefully. Specialized AI hardware is one of the faster-moving parts of the industry right now, and Etched's trajectory shows there's serious institutional appetite for alternatives to the dominant GPU-based approach. TechCrunch has the details on Etched's valuation jump. Fairphone finally arrives in the US. Fairphone, the Dutch company known for making smartphones you can actually repair yourself, has launched the Fairphone 6 Plus in the United States for the first time. At $650, it ships with Android 16 and is designed so that common components like the screen and USB port can be swapped using a single screwdriver. The US market has historically been resistant to repair-focused phones, so this launch is a test of whether that's changing. Ars Technica covers the Fairphone 6 Plus US debut. Comcast routers now double as motion sensors. Comcast has enabled a motion-sensing feature in its newer routers. Using Wi-Fi signals to detect movement inside your home, the feature works without any additional hardware. The catch is that it comes with privacy implications that Comcast has not been fully transparent about. For anyone studying security or IoT, this is a useful case study in how consumer infrastructure can be repurposed for data collection in ways users might not expect. TechCrunch reports on Comcast's motion-sensing router feature and its privacy catch. The common thread running through this week's biggest stories is accountability: who is responsible when AI systems overstep, and what happens when the tools designed to catch mistakes are removed from the loop? Those questions are moving from academic to operational fast, and the industry's answers will shape what kind of tech careers exist in the near future.

Yahoo Finance
Aug 17th, 2026
Block's Square updates cards and B2B payments amid Stripe's potential PayPal acquisition

Block has updated payments technology at its Square business unit, introducing new features for its Square Credit Card that enable sellers to pay vendors through Square Bill Pay using multiple methods beyond cards, including ACH or cheque. The refresh includes revised incentives offering 3% cash back on Square Bill Pay transactions and 1.5% on purchases. The upgrade aims to integrate payments, banking, credit, and bill management into one platform, helping businesses manage cash flow mismatches between income and expenses. Square is tracking all business income sources, not just point-of-sale transactions. Square's gross profit rose more than 13% in the most recent quarter. Block has raised its full-year outlook following a 40% workforce reduction earlier in 2026. The move comes as industry consolidation looms, with Stripe reportedly closing in on deals to acquire PayPal and OpenRouter.

Yahoo Finance
Aug 11th, 2026
Block CFO sells $770K in shares, retains 454K shares worth $38M

Block CFO Amrita Ahuja sold 8,971 shares of the company for approximately $770,000 on 5 August 2026, according to an SEC filing. The transaction was executed under a Rule 10b5-1 trading plan established in March 2026, indicating routine portfolio management rather than trading on non-public information. Following the sale, Ahuja retains 454,275 shares, representing a 0.0763% ownership stake in the company. The shares were sold at a weighted average price of $85.85. Block develops payment processing technology for merchants, offering hardware and software solutions for card transactions, analytics, and fund settlement. The company reported revenue of $25 billion and net income of $357 million for the trailing twelve months. As of 6 August 2026, Block's market capitalisation stood at $47 billion.

Financing Your Way
Aug 7th, 2026
Another tough quarter for Fiserv may lead to product changes.

Another tough quarter for Fiserv may lead to product changes. Fiserv signals product shifts and service reviews following a 21% earnings drop, potentially impacting merchant payment and financing tools. Curated by Financing Your Way from original reporting by American Banker - Top News. Summary is AI-assisted and editorially reviewed - see its editorial standards. Fiserv is reconsidering its product lineup following a difficult quarter marked by a 21% drop in earnings per share. For retailers and operators, this is a signal that one of the world's largest payment and fintech processors is under pressure to pivot. The company's core banking sector saw a notable decline in revenue, which often leads to shifts in how they support merchant services and consumer credit programs. When a major player like Fiserv reevaluates its offerings, it usually means two things for the merchant: potential service disruptions as legacy products are sunset, or new opportunities as they launch more aggressive digital-first financing tools to regain market share. If you use Fiserv-backed systems or Clover, pay close attention to updates regarding payment terms and integrated financing options. The company is specifically looking to streamline its operations, which might mean a push toward more standardized, automated lending and payment solutions. While the internal earnings look bleak for Fiserv, the resulting 'product changes' they are hinting at will likely focus on high-growth areas like integrated Buy Now, Pay Later (BNPL) and streamlined checkout experiences to keep merchants from jumping to competitors like Block or Adyen. Now is a good time to audit your current processing fees and ensure you aren't tied to a legacy product that might lose support in the coming year. Who else is covering this

AsiaTokenFund Group
Aug 6th, 2026
Bitcoin gross profit fell 31% at Block as Cash App cut fees.

Bitcoin gross profit fell 31% at Block as Cash App cut fees. Block's Bitcoin Ecosystem gross profit fell 31% year over year to $72 million in the second quarter, making it the only category in the company's three-part gross-profit breakdown to contract while Block's total gross profit rose 25% to $3.166 billion. Commerce Enablement gross profit rose 18%, while Financial Solutions gross profit increased 43%. Related Reading Bitcoin advocate Jack Dorsey wants to slash 50% of Block's workforce in AI-era overhaul. The cuts take Block from 10,000+ employees to under 6,000, while filings project $450M-$500M in restructuring charges. Feb 27, 2026 · Liam 'Akiba' Wright Bitcoin revenue held up better than profit. Bitcoin Ecosystem revenue fell about 13% to $1.894 billion from $2.172 billion a year earlier, according to Block's Q2 shareholder letter. Based on the filing's exact revenue and cost figures, the category's implied gross margin narrowed to about 3.82% from 4.84%, a compression of roughly 102 basis points. That equates to about $38.20 of gross profit per $1,000 of revenue, down from $48.40 a year earlier. In dollar terms, revenue declined roughly $278 million while gross profit fell about $33 million. Block said the gross-profit decline reflected two factors: "a strategic decision" to reduce the fee charged on certain Cash App bitcoin transactions and bitcoin trading dynamics. The company did not quantify either factor's contribution, so the full 31% drop cannot be assigned to pricing alone. Cash App separately announced on Feb. 9 that it was lowering transaction fees and removing fees and spreads entirely for bitcoin buys over $2,000. Block's Q2 filing referred more broadly to lower fees on "certain" transactions, so the $2,000 offer cannot be treated as the entire affected transaction set. The February announcement gave no end date. Related Reading Bitcoin all the things - Square payments offer 0% bitcoin transaction fee. Block turned on BTC payments across its merchant network. Here's how that could ripple through spreads, Lightning, and on-ramp demand. Nov 12, 2025 · Gino Matos Block reported 59 million overall Cash App monthly transacting actives in June, but that metric does not show how many customers bought bitcoin. The filing supplied no Bitcoin-specific transaction volume, user count, or adoption lift. Bitcoin Ecosystem revenue also declined, but revenue alone does not reveal whether transaction counts changed or whether higher activity offset lower fees. Without Bitcoin transaction counts, fee revenue per trade, or Bitcoin-user totals, the filing cannot show whether a larger trading base absorbed the lower take rate. CryptoSlate Daily Brief Daily signals, zero noise. Market-moving headlines and context delivered every morning in one tight read. 5-minute digest 100k+ readers Free. No spam. Unsubscribe any time. Whoops, looks like there was a problem. Please try again. You're subscribed. Welcome aboard. Block also recorded an $88.474 million bitcoin remeasurement loss, compared with a $212.165 million gain a year earlier. That $300.639 million swing was a non-operating fair-value effect recorded separately from Bitcoin Ecosystem revenue, costs, and gross profit. Combining the remeasurement swing with the category result would overstate the operating damage. The 31% gross-profit decline measures weaker economics inside Block's Bitcoin category, while the remeasurement loss reflects a change in the value of bitcoin held on the company's balance sheet. Related Reading Block reports $2.43 billion in Bitcoin revenue since July from $63 billion total Cash App inflows. Gross payment volume of Block's Cash App rises 10% YoY, underpinned by Bitcoin revenue surge Nov 3, 2023 · Liam 'Akiba' Wright Block disclosed the margin squeeze but not an activity gain from the fee cuts. Trading dynamics also contributed, leaving the impact of the pricing change unquantified.