Microsoft (MSFT) has compiled a list of Meta Platform's (META) engineers and researchers and is making multimillion-dollar offers to the employees, Business Insider said Tuesday, citing internal documents.

The tech company has created a spreadsheet of most-wanted Meta employees, which lists workers by their name and position, and has started sharing it with managers in some AI teams, the report said, citing a source close to the matter.

Microsoft is implementing a new process designed to make offers more competitive and has asked recruiters to mark certain candidates as "critical AI talent," so that upper level management can respond with a top offer within a day, the report said.

As part of the new process, Microsoft provides an "offer rationale" about the candidate's AI skills and experience and also uses a "compensation modeler" to come up with a range for the candidate, according to the report.

Microsoft did not immediately respond to MT Newswires' request for comment.

Shares were up 1.4% in recent afternoon trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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