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.

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.