Apple said Tuesday (July 8) that Chief Operating Officer Jeff Williams will hand off some of his duties before retiring later this year to spend more time with friends and family.
Mr. Williams was long considered a leading candidate to replace Tim Cook as the company's next chief executive.
Jeff Williams. chief operating officer, is retiring later this year as part of a long-planned succession.
Jeff Williams, Apple's chief operating officer, is stepping down from his role later this month, as announced by the company on Tuesday. Sabih Khan, who currently serves as the senior vice president of operations, has been appointed as the new COO.
Apple said Jeff Williams, the company's operating chief, will be stepping down from that role later this month. Sabih Khan, senior vice president of operations, will be taking the COO role as "part of along-planned succession," Apple said.
Mark Zuckerberg's Meta has reportedly poached one of Apple's top artificial intelligence researchers as part of its ongoing hiring spree.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has hired Apple Inc (NASDAQ:AAPL, ETR:APC) head of AI models, Ruoming Pang, to lead its newly formed superintelligence unit, Bloomberg reported on Monday, in the latest sign of intensifying competition among Big Tech firms for top artificial intelligence talent. Pang, who led Apple's 100-person foundation models team responsible for the company's Apple Intelligence and Siri features, is reportedly joining Meta in a deal valued at tens of millions of dollars per year.
Apple (AAPL) has reportedly lost its top executive in charge of artificial models to Meta Platforms (META), as the Facebook parent continues to build up its new “Superintelligence” AI division.
Apple's manager for artificial intelligence (AI) models is reportedly leaving for Meta. [contact-form-7] That's according to a report late Monday (July 7) by Bloomberg News, which notes that this departure is another setback for Apple's AI project.
The chip maker's shares have been rallying since late April, putting its valuation on the brink of an all-time high.
Apple (AAPL -1.76%) is one of the most valuable companies in the world, with a market cap of $3.17 trillion. But the stock is down 15% since the beginning of the year (as of July 7).
Mark Zuckerberg wooed another elite researcher with pay package in the tens of millions, continuing a recruitment push.