AAPL: Meta Lures Away Apple’s AI Chief With $200M Deal — While a $490M Chapter Still Lingers

1 minuto di lettura

Court: N.D. California

Case: 4:19-cv-02033

⚡ Key Points:

Apple just lost one of its top AI minds to Meta — another blow in the tech giant’s uphill battle to catch up in the AI race.

🧠 Meta Snaps Up Apple’s AI Talent

Meta hired Ruoming Pang, former head of Apple’s AI models team, with a multi-year $200M+ compensation package.
Pang joins Meta’s elite superintelligence unit, focused on frontier AI development.
Apple reportedly made no effort to match the offer, as it far exceeded compensation for any leader outside of CEO Tim Cook.
The departure raises fresh questions about Apple’s internal strategy and its ability to retain high-level AI talent.

📉 Another Hit to Apple’s AI Credibility

The loss of Pang comes amid concerns that Apple is lagging behind rivals like Meta, Google, and Microsoft in generative AI.
Meta’s bold poaching move underscores the industry’s escalating war for top AI talent — and highlights Apple’s cautious pay structure.
With Siri still seen as behind the curve, Apple’s upcoming iOS upgrades face pressure to deliver a compelling AI comeback.

⚖️ Meanwhile: $490M Still on the Table

At the same time, Apple agreed to a $490 million settlement with AAPL investors over claims it misled them about falling iPhone demand in China.
In late 2018, Tim Cook publicly dismissed concerns over China — only to revise guidance weeks later, citing a $9B revenue shortfall.
The disclosure triggered a 10% stock drop, and investors filed suit over what they claimed was deceptive communication.
If you held shares during the Nov 2018 – Jan 2019 period, you may still be eligible for payment.

🔍 Final Take

Apple’s AI ambitions just took another hit — this time from Meta’s checkbook.
And for long-term investors, unresolved wounds from the past continue to demand attention.

You can check more information about the AAPL settlement and file for payment HERE.

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