[Daily Mail, where America gets its news] In the battle for AI supremacy, Meta has just made a major move.
Mark Zuckerberg's firm – which owns Facebook, Instagram and WhatsApp – has lured a renowned AI expert away from rival Apple with an eye-watering pay offer.
And it's an amount that the majority of us can only dream of.
Over the next 'several years', Ruoming Pang, originally from China, will earn more than $200 million (£147 million) in his new role, a report reveals.
The 'unusually high' earnings package is among the highest of any corporate job, including CEO roles at the world’s major banks, the report adds.
Mr Pang becomes a high-ranking member of Meta's mysterious new 'superintelligence' lab, thought to be based in California.
The secretive department is developing smarter-than-human AI in an attempt to get ahead in the AI race.
And its already packed with former employees from ChatGPT creator OpenAI.
According to the new report from Bloomberg, Ruoming Pang gets the $200 million compensation package over a 'several-year period'.
Reportedly, the figure significantly exceeds the compensation of all Apple employees, apart from CEO Tim Cook, who is top dog at the tech giant.
Perhaps unsurprisingly, Apple did not try to match the offer to retain Mr Pang, even though he was head of a team dedicated to Apple’s AI models.
The report cited 'people with knowledge of the matter' who declined to be named while discussing unannounced compensation details.
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