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META
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40 days

Meta Platforms Enticed Apple AI Executive With $200M Pay Package, Report Says

1. Meta offered over $200 million to poach Apple AI executive. 2. Apple reportedly did not match this lucrative offer. 3. Meta's stock is up nearly 25% this year. 4. Apple shares are down more than 15% amid AI struggles. 5. Meta aims to develop artificial general intelligence (AGI) with new hires.

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FAQ

Why Bullish?

The significant hiring move and investment in AI development may enhance META's growth prospects.

How important is it?

The massive investment and strategic hiring indicate META's commitment to dominating the AI field.

Why Long Term?

Successfully building AGI could lead to transformative technology, boosting META's market position over time.

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