Meta offered one of Apple's top artificial intelligence executives over $200 million to lure him away from the company, Bloomberg reports.

Ruoming Pang previously worked for Google where he led impactful projects that went on to become integral to the search giant’s operations.

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.