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

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.

Ruoming Pang previously ran Apple's in-house team that trained the AI foundation models that underpin Apple Intelligence and other on-device AI features.