Meta's poaching of a top Apple Intelligence executive has been a costly exercise, with the social giant doling out $200 million for the worker.

Meta Platforms has reportedly offered a more than $200 million pay package to poach Apple’s top executive in charge of artificial intelligence models, as the Facebook parent builds up its new “Superintelligence” AI division.

Apple Inc.’s top executive in charge of artificial intelligence models is leaving for Meta Platforms Inc., another setback in the iPhone maker’s struggling AI efforts.