Meta offered one of Apple's top artificial intelligence executives over $200 million to lure him away from the company, Bloomberg reports. Ruoming Pang, who until recently led Apple's foundation models
Meta offered one of Apple's top artificial intelligence executives over $200 million to lure him away from the company, Bloomberg reports.


Ruoming Pang, who until recently led Apple's foundation models team, departed the company to join Meta's Superintelligence Labs, a newly established division tasked with building advanced AI systems capable of performing at or beyond human-level intelligence.

At Apple, he was in charge of a team with approximately 100 employees that work on Apple's large language models. Models developed by Pang's team are used for Apple Intelligence features like email summaries, Priority Notifications, and Genmoji.

People familiar with the matter speaking to Bloomberg said Meta's offer to Pang includes a substantial base salary, a signing bonus, and a large stock award that forms the majority of the compensation. The full payout is contingent upon performance milestones and continued employment over several years.

Apple apparently did not even attempt to match the offer. The proposed sum significantly exceeds the compensation of all Apple employees, other than that of CEO Tim Cook. Pang's compensation is among the highest ever offered in a corporate setting, rivaling packages for chief executives at major global banks.

In a podcast interview last month, OpenAI CEO Sam Altman said Meta had been offering signing bonuses as high as $100 million to attract top talent: "[Meta] started making these giant offers to a lot of people on our team. You know, like $100 million signing bonuses, more than that in compensation per year."

Apple has reportedly appointed Zhifeng Chen as the new head of its Foundation Models team and implemented more a distributed management structure, with responsibilities split among several senior engineers.

In addition to Pang, Meta's Superintelligence Labs now includes prominent figures such as former GitHub CEO Nat Friedman, AI startup founder Daniel Gross, and Scale AI co-founder Alexandr Wang.
This article, "Meta Offered Apple AI Executive Over $200 Million to Leave" first appeared on MacRumors.com

Discuss this article in our forums

original link


You may also be interested in this

When to Expect the Next i…

Apple released the 24-inch iMac in April 2021 with the M1 chip and an ultra-thin design available in seven colors, including green, yellow, orange, pink, purple, blue, and silver. This

Apple preps next-gen Appl…

According to a Bloomberg News report, Apple’s near-term product roadmap includes the next-gen Apple Watch Ultra (perhaps called Apple Watch Ultra Series 2). Apple Watch Ultra, the most rugged and

To understand Apple’s Vis…

Macworld Apple’s Vision Pro may be the most intriguing new Apple product in years, but at $3,499, very few people are going to actually buy one. But fret not: Apple

Apple’s Custom 5G M…

Apple is investing billions of dollars into developing an in-house cellular modem, but the project is not expected to yield immediate improvements for users, Bloomberg's Mark Gurman reports. In last

Vision Pro prescription l…

With no apparent supply chain information, Bloomberg's Mark Gurman says that Vision Pro's Zeiss prescription lenses will cost between $300 and $600.Apple has already revealed that it is in partnership

Apple Card tumult, smart …

Benjamin and Chance explore the latest developments with the Apple Card, with Goldman Sachs reportedly looking to hand over the business to American Express. Plus, iPhone 15 rumors are picking

AirPods and Apple Watch M…

Apple plans to add tiny cameras to AirPods and Apple Watch models in 2027 that will embed Apple Intelligence in the devices, according to Bloomberg's Mark Gurman. The cameras are

Apple’s 32-inch iMac not …

Last month, Bloomberg’s Mark Gurman reported that Apple in the early stages of developing an Apple Silicon version of the iMac with a screen larger than 30 inches. In this
X

A whimsical homage to the days in black and white, celebrating the magic of Mac OS. Dress up your blog with retro, chunky-grade pixellated graphics to evoke some serious computer nostalgia. Supports a custom menu, custom header image, custom background, two footer widget areas, and a full-width page template. I updated Stuart Brown's 2011 masterpiece to meet the needs of the times, made it responsive , got dark mode, custom search widget and more.You can download it from tigaman.com, where you can also find more useful code snippets and plugins to get even more out of wordpress.