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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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