Meta on Wednesday pushed back on reports that the Mark Zuckerberg-led company has offered as much as $300 million to poach talent from OpenAI in the battle for artificial intelligence supremacy. Zuckerberg allegedly extended the highly lucrative offers to at least 10 staffers at OpenAI who were given the option of taking equity in Meta — with $100 million of the stock vesting in the first year and up to $300 million over four years,

The new organization, called Meta Superintelligence Labs, will house Meta’s fundamental AI research team, also known as FAIR; the team that currently builds the company’s Llama models; and the team that develops Meta’s AI products—as well as a new lab focused on “developing the next generation of our models.”