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Apple AI Model Head Reportedly Leaving For Meta
PYMNTS.com· 2025-07-08 10:54
Group 1 - Apple's manager for AI models, Ruoming Pang, is leaving the company for Meta, marking another setback for Apple's AI project [2][5] - Pang joined Apple from Google in 2021 and is the latest high-profile hire for Meta's superintelligence group [2][3] - Meta is on a hiring spree, offering compensation packages worth tens of millions of dollars per year to attract AI leaders [3][4] Group 2 - Meta has recently hired other notable AI researchers, including Yuanzhi Li from OpenAI and Anton Bakhtin from Anthropic [4] - Compensation for AI talent at companies like OpenAI and Anthropic ranges from $200,000 to $690,000, significantly lower than Meta's offers [4][5] - Meta's aggressive hiring strategy includes promises of signing bonuses up to $100 million, although not all offers are for every hire [5] Group 3 - Apple's approach to AI focuses on "measured integration, meticulous design, and a deep commitment to user privacy," contrasting with competitors like Amazon, Google, and Microsoft, which are pursuing more aggressive AI strategies [5]
Is This What Apple Stock Needs to Turn Things Around?
The Motley Fool· 2025-07-08 08:15
Apple reportedly looking at acquiring Perplexity AI According to a recent report from Bloomberg, Apple is contemplating the purchase of Perplexity AI. The company's chatbot is one of many popular alternatives to OpenAI's ChatGPT. Perplexity AI is focused on developing a chatbot designed as an answer engine, prioritizing real-time web search and accurate, cited answers. There are an estimated 15 million active monthly users on Perplexity. While that puts it nowhere near ChatGPT, which averages 400 million us ...
Meta reportedly recruits Apple's head of AI models
TechCrunch· 2025-07-07 23:39
Group 1 - Apple's head of AI models, Ruoming Pang, is leaving to join Meta, indicating a trend of high-ranking AI executives moving to Meta under CEO Mark Zuckerberg [1] - Pang previously led Apple's team that developed AI foundation models, which have not been as successful as those from competitors like OpenAI and Meta [2] - Pang's departure may signal further issues within Apple's AI unit, and he could contribute valuable expertise in on-device AI models to Meta [3] Group 2 - Apple's AI models are reportedly less capable than those offered by competitors, leading the company to consider using third-party AI models for future upgrades [2] - Meta has been actively recruiting talent from various leading AI organizations, enhancing its capabilities in the AI sector [3]
Apple (AAPL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKS· 2025-07-07 22:45
In the latest trading session, Apple (AAPL) closed at $209.95, marking a -1.69% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.94%, and the technology-centric Nasdaq decreased by 0.92%. Shares of the maker of iPhones, iPads and other products have appreciated by 4.72% over the course of the past month, underperforming the Computer and Technology sector's gain of 7.88%, and the S&P 500's gain of 5.22%.The inves ...
扎克伯格以千万美元年薪挖走苹果公司的AI高管
news flash· 2025-07-07 22:07
金十数据7月8日讯,据外媒报道,苹果公司负责人工智能模型的高管将跳槽至Meta Platforms(META.O),这对苹果(AAPL.O)举步维艰的AI工作来说又是一个挫折。据知情人士透露,苹果 基础模型团队的杰出工程师兼经理Ruoming Pang(庞若鸣)即将离职。为了争取庞若明, Meta提供了 每年数千万美元的薪酬。Meta首席执行官扎克伯格一直在大举招聘,高薪引进了多名AI领袖。 扎克伯格以千万美元年薪挖走苹果公司的AI高管 ...
Trump advisor Peter Navarro blasts Tim Cook for making iPhones in China
New York Post· 2025-07-07 18:28
Core Viewpoint - The Trump administration, particularly through trade advisor Peter Navarro, is intensifying pressure on Apple to relocate its iPhone manufacturing from China to the United States, criticizing CEO Tim Cook for not making sufficient progress in this area [1][3][9]. Group 1: Pressure from the Trump Administration - Navarro expressed confusion over Apple's continued reliance on China for iPhone production, suggesting that advanced manufacturing techniques and AI advancements should enable production elsewhere, including the U.S. [2] - President Trump has made Apple a focal point in his push for domestic manufacturing, demanding that all iPhones sold in the U.S. be manufactured domestically and threatening a 25% tariff on devices made abroad [3][14]. - Trump has communicated directly with Cook, expressing dissatisfaction with Apple's expansion in India and emphasizing the need for production to occur in the U.S. [9][10]. Group 2: Apple's Manufacturing Strategy - Apple currently assembles the majority of its iPhones in China but is gradually shifting some production to India to diversify its supply chains and mitigate rising tariff costs [7][11]. - Analysts argue that fully relocating iPhone production to the U.S. would be logistically and economically impractical, with estimates suggesting a domestically manufactured iPhone could cost as much as $3,500 [8]. - Despite pledges to assemble some products in the U.S., such as the $3,000 Mac Pro, Apple continues to produce very few devices domestically [8]. Group 3: Challenges of Relocation - China's manufacturing ecosystem offers advantages such as a vast skilled workforce, with a single supplier able to hire 3,000 workers overnight, which is unmatched elsewhere [11]. - China graduates approximately 600,000 engineers annually compared to 70,000 in the U.S., providing the technical talent necessary for Apple's complex devices [12]. - The overall cost of production in China remains lower than in the U.S. due to established infrastructure, logistics networks, and government incentives like subsidies and tax breaks, despite rising labor costs [13].
Trump trade advisor bashes Tim Cook for Silicon Valley's 'longest-running soap opera'
Business Insider· 2025-07-07 18:08
Core Insights - White House trade advisor Peter Navarro criticized Apple CEO Tim Cook for not moving manufacturing out of China, labeling it as a "soap opera" that has been ongoing since the first Trump term [1][2] - Apple has historically relied on a supply chain in China but is taking steps to diversify amid trade tensions, with plans to ramp up production in India and Vietnam [3][4][8] - The company has committed to investing $500 billion in US projects over the next four years, although analysts suggest that manufacturing an iPhone in the US could lead to a price of $3,500, raising doubts about the feasibility of such a shift [4][9] Company Actions - Apple is increasing iPhone production in India, with expectations that most iPhones sold in the US will originate from India in the June quarter [4][8] - The company is also shifting production of iPads, Macs, Apple Watches, and AirPods to Vietnam for US sales [8] Trade and Tariff Context - The Trump administration has delayed tariffs, with new tariffs set to take effect on August 1, which could impact Apple's supply chain decisions [3] - Trump has threatened a 25% tariff on iPhones not made in the US, expressing concerns over Apple's investment in India rather than domestic manufacturing [9]
F1 Is Apple's Biggest Box-Office Win—So Why Is The Stock Stalling?
Benzinga· 2025-07-07 16:39
The year 2025 will go down in history for tech giant Apple Inc. AAPL, but it won't be an iPhone or a new product launch. The year will mark the company's biggest box office movie of all time with "F1."While the film is breaking box office records, it might not move the needle for Apple stock.What Happened: Action movie "F1," which stars Brad Pitt, ranked second at the domestic box office during the Fourth of July holiday weekend with $26.1 million, trailing only "Jurassic World Rebirth."The film has grossed ...
Apple appeals European Union's $587 million antitrust fine in escalating showdown
New York Post· 2025-07-07 16:37
Apple filed an appeal over the European Union’s $587 million fine on Monday – escalating a showdown over enforcement of a sweeping antitrust law targeting Big Tech firms.EU antitrust regulators slapped Apple with the first-of-its-kind fine in April after finding CEO Tim Cook’s firm prevented rival app developers from quickly steering customers to services outside its App Store.“We believe the European Commission’s decision — and their unprecedented fine — go far beyond what the law requires,” Apple said in ...
Lawsuit Alert: Investors who lost over $250,000 with shares of Apple Inc. (NASDAQ: AAPL) should contact the Shareholders Foundation
Prnewswire· 2025-07-07 15:10
SAN DIEGO, July 7, 2025 /PRNewswire/ -- The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Apple Inc. (NASDAQ: AAPL) shares.Investors who purchased in excess of $250,000 in shares of Apple Inc. (NASDAQ: AAPL) between June 10, 2024 and June 9, 2025, have certain options and there are short and strict deadlines running. Deadline: August 19, 2025. NASDAQ: AAPL investors should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.On June ...