Meta offered one of Apple's top artificial intelligence executives over $200 million to lure him away from the company, Bloomberg reports.

Apple’s top AI engineer, Ruoming Pang, has left the company to join Meta for a huge pay offer. He led the team behind Apple’s key AI features like Siri and Apple Intelligence. His exit shows how big tech companies are fighting hard to hire the best AI talent.

Most of the money offered to new hires like Pang is tied to Meta’s stock. The actual cash includes a base salary and a joining bonus, but the biggest part depends on how well Meta performs over time.