Meta Platforms Inc., headquartered in California, United States, has reportedly hired another senior Apple Inc. engineer from its AI division, despite being under a hiring freeze. This move underscores Meta’s aggressive talent acquisition strategy in Silicon Valley and Apple’s growing struggle to retain key AI researchers

Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has hired another senior Apple Inc. artificial intelligence engineer, despite its AI division being under a reported hiring freeze. The move signals Meta’s aggressive pursuit of AI talent in Silicon Valley and highlights Apple’s challenges in retaining top researchers.

According to Bloomberg, Meta has brought in Frank Chu, who previously led Apple’s AI teams focused on cloud infrastructure, training, and search. Chu will now join Meta’s newly established Superintelligence Labs, a core hub for CEO Mark Zuckerberg’s push toward advanced AI systems.

This appointment marks the sixth Apple AI researcher to defect to Meta within the past seven weeks, following the high-profile hiring of Ruoming Pang, former head of Apple’s foundation models team.

While reports earlier suggested that Meta had halted recruitment across its AI division as part of organizational restructuring and yearly budget planning, the exception made for Chu raises questions about the rigidity of this hiring freeze.

For Apple, the wave of departures is intensifying concerns over its AI capabilities. During Apple’s Q3 2025 earnings call, CEO Tim Cook promised greater investment in artificial intelligence to bridge the gap with rivals. However, the continued outflow of senior researchers to Meta could undermine these efforts and reinforce the perception that Apple is lagging behind competitors in AI development.

Meanwhile, Meta’s own AI division has faced internal challenges, including four restructurings within six months and organizational churn. Still, its willingness to bypass its hiring freeze for high-value talent underscores the critical importance of AI expertise in the ongoing race among Silicon Valley giants.

Also Read: Google Aligns with EU on AI Code While Meta Walks Away

Meta Platforms Inc., the parent company of Facebook, Instagram, and WhatsApp, has hired another senior Apple Inc. artificial intelligence engineer, despite its AI division being under a reported hiring freeze. The move signals Meta’s aggressive pursuit of AI talent in Silicon Valley and highlights Apple’s challenges in retaining top researchers.

According to Bloomberg, Meta has brought in Frank Chu, who previously led Apple’s AI teams focused on cloud infrastructure, training, and search. Chu will now join Meta’s newly established Superintelligence Labs, a core hub for CEO Mark Zuckerberg’s push toward advanced AI systems.

This appointment marks the sixth Apple AI researcher to defect to Meta within the past seven weeks, following the high-profile hiring of Ruoming Pang, former head of Apple’s foundation models team.

While reports earlier suggested that Meta had halted recruitment across its AI division as part of organizational restructuring and yearly budget planning, the exception made for Chu raises questions about the rigidity of this hiring freeze.

For Apple, the wave of departures is intensifying concerns over its AI capabilities. During Apple’s Q3 2025 earnings call, CEO Tim Cook promised greater investment in artificial intelligence to bridge the gap with rivals. However, the continued outflow of senior researchers to Meta could undermine these efforts and reinforce the perception that Apple is lagging behind competitors in AI development.

Meanwhile, Meta’s own AI division has faced internal challenges, including four restructurings within six months and organizational churn. Still, its willingness to bypass its hiring freeze for high-value talent underscores the critical importance of AI expertise in the ongoing race among Silicon Valley giants.

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Read the full article here: Apple Faces Setback as Meta Poaches Senior AI Engineer in California — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Meta Platforms, the parent company of Facebook, has appointed Arun Srinivas as the new Head of India operations, effective 1 July 2025. Based in Karnataka, India, Srinivas brings decades of marketing leadership experience and currently heads Meta’s Ads Business in India. He will report to Sandhya Devanathan, who is taking on an expanded role overseeing India and South Asia.

Meta Platforms, the US-based tech giant and parent company of Facebook, Instagram, and WhatsApp, announced today the promotion of Arun Srinivas as the new Head of its India operations. Effective 1 July 2025, Srinivas will lead Meta’s strategic initiatives, business development, and client partnerships across India, one of the company’s most critical growth markets.

Srinivas currently serves as Director and Head of Ads Business at Meta India. Under his leadership, Meta has deepened its collaboration with major advertisers and agencies, with a focus on monetization via AI, Reels, and Messaging solutions. In his new role, Srinivas will work on accelerating Meta’s mission of enabling economic and digital growth for businesses in India.

He replaces Sandhya Devanathan, who will take on a broader regional role overseeing Meta’s operations in both India and South Asia. Srinivas will continue to report to Devanathan.

Who is Arun Srinivas?

Arun Srinivas is a seasoned business leader with over 25 years of experience in marketing, operations, and digital transformation. A graduate of IIM Calcutta, Srinivas began his career at Reebok in 1996 as a Product Manager. He later joined Unilever where he held various senior roles, including Vice President of Foods for South Asia.

In 2017, Srinivas joined WestBridge Capital Partners as an Operating Advisor and then served as the Chief Operating Officer (COO) and Global Chief Marketing Officer (CMO) at Ola, India’s ride-hailing and mobility platform. He joined Meta in 2020 and has been instrumental in shaping its advertising growth in India.

He also holds an Executive Education certificate in Strategic Customer Management from the Kellogg School of Management (2007).

Meta’s Focus on India

India remains a cornerstone of Meta’s global strategy, being its largest market by user base. The company continues to invest in tools and partnerships that help Indian businesses—particularly small and medium enterprises—scale via digital and mobile platforms.

With Arun Srinivas at the helm, Meta is expected to strengthen its foothold across sectors, aligning more closely with Indian regulatory, commercial, and innovation priorities.

Read the full article here: Just In: Meta Names Arun Srinivas as India Head, Effective 1 July 2025 — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

Fidji Simo, the CEO of Instacart and former Facebook executive, has been appointed as CEO of Applications at OpenAI, based in California, United States. She will lead product and business operations while OpenAI CEO Sam Altman focuses on research, compute, and safety. Simo brings extensive leadership experience from roles at Meta, eBay, and Instacart.

OpenAI, the artificial intelligence company headquartered in California, United States, has appointed Fidji Simo as CEO of Applications. This new executive role places her in charge of product, business, and operational strategy at the company, while Sam Altman will continue as OpenAI’s overall CEO.

OpenAI is known for its development of ChatGPT and other cutting-edge AI models, and has seen rapid expansion globally. With the introduction of a new leadership structure, Altman said the change will allow him to focus more on core areas such as research, compute, and safety, particularly as the company moves toward achieving artificial general intelligence.

Simo, a French business leader based in the US, previously served as CEO of Instacart, a popular grocery delivery app, since 2021. She is also a board member at OpenAI and Shopify, and co-founder and President of the Metrodora Foundation, which is focused on advancing care for neuroimmune disorders.

Before Instacart, she held leadership roles at Facebook (now Meta), including Head of the Facebook App, VP of Video and Monetization, and Director of Product Management. She also worked as Strategy Manager at eBay and served on the board of Cirque du Soleil.

Fidji Simo announced the transition on LinkedIn, stating her excitement about the potential of AI to impact health and other key areas. “This was an incredibly hard decision because I love this company,” Simo said of her departure from Instacart. “At the same time, my passion for AI and its potential to cure diseases was a hard opportunity to pass up.”

Sam Altman also shared his confidence in Simo’s leadership, noting her commitment to OpenAI’s mission and expressing optimism about scaling the company’s applications.

Simo’s departure from Instacart is expected to take place in the coming months, during which time the company will manage a leadership transition.

Read the full article here: From Facebook to OpenAI: The Rise of Fidji Simo — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).

India is witnessing a sharp rise in stock market frauds, with over 150,000 victims reported in the past year. In response, the Securities and Exchange Board of India (SEBI), headquartered in Mumbai, Maharashtra, has issued a warning highlighting four major types of stock scams spreading via social media platforms like YouTube, WhatsApp, and Telegram. With retail investors increasingly engaging in online trading, SEBI has emphasized the importance of verifying the authenticity of trading platforms and advisors.

The Securities and Exchange Board of India (SEBI), the country’s financial regulatory body headquartered in Mumbai, Maharashtra, has issued a strong warning to investors. With a sharp increase in stock market frauds reported across India, SEBI has raised the alarm about four major types of scams now spreading through social media platforms like YouTube, Facebook, WhatsApp, and Telegram.

SEBI is the regulatory authority that oversees and regulates India’s securities market to protect investors and ensure fair market practices. It plays a critical role in monitoring trading behavior and taking action against fraud.

Scams on the Rise

In the past year alone, more than 150,000 investors have fallen victim to stock market frauds. Reports show that over 400 scams are being reported every day, with total investor losses crossing $1 billion USD. Shockingly, less than 10% of these funds have been recovered.

India currently has about 130 million unique trading accounts, nearly three times more than five years ago. This surge in retail participation, combined with rising social media activity, has made investors more vulnerable to misleading content and fake trading offers online.

SEBI Highlights Four Types of Social Media Stock Scams

1. Fake Investment Advisors
   Scammers pretend to be SEBI-registered advisors by using fake certificates or registration IDs. They offer tips or paid courses but have no official approval.
2. Impersonation of SEBI-Registered Entities
   Fraudsters create WhatsApp groups, Telegram channels, or apps that falsely claim to be associated with real SEBI-registered firms. They lure investors with false promises of guaranteed returns.
3. Manipulative Content and Private Groups
   SEBI has identified misleading posts or ads that attract people to join “VIP” stock trading groups. These groups often promise insider tips or special access to stock trades—none of which are real.
4. Fake Platforms Offering Premium Services
   Fraudulent trading platforms claim to offer “exclusive” services such as IPO allotments at discounted rates or special institutional trading benefits. These are designed to trap unsuspecting investors.
   

How Investors Can Stay Safe

To help investors avoid these scams, SEBI has advised checking the registration status of intermediaries and verifying trading platforms before engaging in any financial activity. This information is available on SEBI’s official website:

• Registered Intermediaries: https://www.sebi.gov.in/intermediaries.html
• Investor Support and App Verification: https://investor.sebi.gov.in/Investor-support.html

Additionally, SEBI has advised all registered firms to use phone numbers starting with the ‘1600’ series for service calls to help customers identify legitimate communication.

As online scams become more sophisticated, SEBI urges investors to remain cautious and report any suspicious activity immediately.

Read the full article here: Why Are Scammers Targeting Indian Investors on Social Media? — For more updates, visit Wittiya – Top Business News, Stock Market Insights & Financial Updates (Wittiya).