Meta finalized the hire within a week, securing an AI leader with a compensation package combining salary, bonus, and stock tied to long-term results.

Meta's poaching of a top Apple Intelligence executive has been a costly exercise, with the social giant doling out $200 million for the worker.

Apple's top executive in charge of artificial intelligence models, Ruoming Pang, is leaving the company for Meta Platforms , Bloomberg News reported on Monday, citing people with knowledge of the matter.