Apple Offers $312K Salaries to Secure AI Talent in Rivalry with Meta

Apple is intensifying efforts to attract AI talent with high salaries, up to $312,200 for machine learning engineers, plus bonuses and stock options, amid fierce competition from rivals like Meta. Poaching incidents, such as Meta’s $200M offer to Apple’s executive, highlight the talent wars. This strategy underscores the premium on AI expertise for innovation.

Wall St futures hit record peaks as Meta, Microsoft results get AI boost

Meta Platforms soared 11.5% in premarket trading after the social media giant forecast third-quarter revenue well above estimates, thanks to AI boosting its core advertising business. Microsoft issued a record capital spending outlook of $30 billion for the current quarter and reported higher-than-expected sales in its Azure cloud computing business. Other tech heavyweights such as Amazon and Nvidia also climbed 3.2% and 1.6%, respectively, while Microsoft was on track to hit a $4 trillion market capitalization for the first time.