Meta Platforms (META, Financials) reportedly offered a compensation package exceeding $200 million to recruit Ruoming Pang, Apple's (AAPL, Financials) top executive overseeing artificial intelligence models,

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

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.