Meta provided certainly one of Apple’s prime synthetic intelligence executives over $200 million to lure him away from the corporate, Bloomberg stories.
Ruoming Pang, who till lately led Apple’s basis fashions crew, departed the corporate to hitch Meta’s Superintelligence Labs, a newly established division tasked with constructing superior AI methods able to acting at or past human-level intelligence.
At Apple, he was in command of a crew with roughly 100 staff that work on Apple’s giant language fashions. Fashions developed by Pang’s crew are used for Apple Intelligence options like e-mail summaries, Precedence Notifications, and Genmoji.
Folks aware of the matter chatting with Bloomberg stated Meta’s provide to Pang features a substantial base wage, a signing bonus, and a big inventory award that kinds the vast majority of the compensation. The total payout is contingent upon efficiency milestones and continued employment over a number of years.
Apple apparently didn’t even try and match the provide. The proposed sum considerably exceeds the compensation of all Apple staff, apart from that of CEO Tim Cook. Pang’s compensation is among the many highest ever provided in a company setting, rivaling packages for chief executives at main international banks.
In a podcast interview final month, OpenAI CEO Sam Altman stated Meta had been providing signing bonuses as excessive as $100 million to draw prime expertise: “[Meta] began making these big gives to lots of people on our crew. You understand, like $100 million signing bonuses, greater than that in compensation per yr.”
Apple has reportedly appointed Zhifeng Chen as the brand new head of its Basis Fashions crew and applied extra a distributed administration construction, with duties cut up amongst a number of senior engineers.
Along with Pang, Meta’s Superintelligence Labs now consists of distinguished figures reminiscent of former GitHub CEO Nat Friedman, AI startup founder Daniel Gross, and Scale AI co-founder Alexandr Wang.