Meta’s $200 Million AI Engineer Transfer and Saudi Crown Prince’s $550 Million Superyacht Purchase | Awapedia

“Ruoming Pang, AI engineer who moved from Apple to Meta with a $200 million contract”
Images credit Linkedin 

 

In the rapidly evolving tech world, top AI talent is commanding unprecedented salaries. Recently, Meta made headlines by offering a staggering $200 million compensation package to Ruoming Pang, a leading AI engineer who previously worked at Apple. This amount surpasses even what Apple’s CEO, Tim Cook, earns over three years.

Ruoming Pang played a vital role in developing several of Apple's advanced AI features, including improvements to Siri, the smart notifications system, and Genmoji technology. Given his deep knowledge and contribution, Meta's investment aimed to bring his expertise in-house and accelerate their AI development.

Apple chose not to match Meta’s offer since it exceeded the compensation of their top executives. This move highlights how fiercely tech giants compete to secure AI talent, often offering lucrative packages to outbid rivals.

  • Meta’s $200 million deal is reportedly the largest compensation ever given to a single AI engineer.
  • Ruoming Pang’s work impacted key Apple AI products like Siri and Genmoji.
  • The package surpasses Tim Cook’s three-year salary, showing the high stakes in AI talent acquisition.

Saudi Crown Prince MBS Purchases $550 Million Superyacht, Outbidding Bill Gates

In the world of luxury yachts, Saudi Crown Prince Mohammed bin Salman (MBS) recently made waves by acquiring the superyacht Serene for $550 million, outpacing Microsoft co-founder Bill Gates in the process.

Back in 2014, Bill Gates enjoyed vacationing on the Serene, a 439-foot floating palace with amenities such as helipads, pools, a climbing wall, and spa facilities. Gates considered purchasing the yacht after falling in love with it, but the Saudi Crown Prince stepped in with a swift $550 million wire transfer, finalizing the deal in under two days.

Owned previously by Russian tycoon Yuri Shefler, Serene boasts room for 24 guests and 52 crew members. Despite not being the largest megayacht, its lavish features and history make it one of the most notable vessels globally.

  • Serene was purchased from Yuri Shefler in a rapid transaction led by MBS.
  • The yacht includes luxury features such as multiple pools, helipads, spa facilities, and a climbing wall.
  • Bill Gates later commissioned an even more expensive hydrogen-powered superyacht, valued at $645 million, though he reportedly never stepped on it before listing it for sale.
  • MBS’s purchase is part of his broader ambitions, including major developments like the world’s tallest skyscraper in Riyadh.

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