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  • 2 days ago
Apple’s top AI executive, Ruoming Pang, is leaving for Meta, marking a major blow to the iPhone maker’s foundation models team, Bloomberg reported. Pang oversaw the group behind Apple’s large language models and will join Meta’s new superintelligence division. Meta plans to spend tens of billions of dollars this year on AI efforts, primarily investing in infrastructure such as data centers and chips. Pang’s departure marks the most significant loss in Apple’s AI division since it began developing Apple Intelligence, highlighting fierce competition for top talent. Meta has been luring elite engineers with compensation packages far exceeding what Apple offers. Apple’s AI efforts have faced scrutiny after limited progress on Apple Intelligence and internal leadership reshuffles.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Apple's top AI executive, Ruming Peng, is leaving for Meta,
00:06marking a major blow to the iPhone Maker's Foundation Models team, Bloomberg reported.
00:10Peng oversaw the group behind Apple's liturgy language models
00:13and will join Meta's new superintelligence division.
00:16Meta plans to spend tens of billions of dollars this year on AI efforts,
00:19primarily investing in infrastructures such as data centers and chips.
00:23Peng's departure marks the most significant loss in Apple's AI division
00:26since it began developing Apple intelligence,
00:28highlighting fierce competition for top talent.
00:31Meta has been luring elite engineers with compensation packages
00:34far exceeding what Apple offers.
00:36Apple's AI efforts have faced scrutiny after limited progress
00:39on Apple intelligence and internal leadership reshuffles.
00:42For all things money, visit Benzinga.com.

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