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Story summary
- Apple Inc. awarded rare bonuses to its iPhone hardware designers to deter talent from leaving for AI startups such as OpenAI.
- The bonuses total $200,000 to $400,000 over four years and require employees to stay at Apple to receive the full value.
- Rivals, including OpenAI, offer up to $1 million in stock annually to attract engineers.
- Apple is developing its own AI products, including smart glasses and new AirPods, to counter the competitive shift in the industry.
- The loss of key talent poses a significant challenge for Apple as it approaches its 50th anniversary.
