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Meta investors settle $8bn lawsuit with Zuckerberg over Facebook privacy

feeds.bbci.co.uk Unknown 2025-07-22 15:35:58

Meta investors settle $8bn lawsuit with Zuckerberg over Facebook privacy Mark Zuckerberg has agreed to settle a multibillion dollar lawsuit with a group of shareholders over how top executives at Meta handled repeated privacy violations by Facebook. The shareholders were seeking $8bn (£6bn) in damages. It is unclear how much they agreed to settle for. The settlement was announced on Thursday by a lawyer for the shareholders, just before the trial was about to enter its second day in a Delawar

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Mark Zuckerberg and other Meta bigwigs just agreed to a settlement in $8 billion suit

engadget.com Unknown 2025-07-23 01:45:14

Meta CEO Mark Zuckerberg, along with a group of current and former company directors and officers, just agreed to settle to end a trial that sought $8 billion in damages, according to a report by Reuters . Zuckerberg and the others will actually be paying out to Meta shareholders as a recompense for damages allegedly caused by allowing repeated violations of Facebook users' privacy. The parties have not disclosed the details of the settlement, but one would assume the payout was less than the $

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Zuckerberg and Meta investors reach settlement in $8B privacy case

techcrunch.com Aisha Malik 2025-07-23 01:25:05

In Brief Mark Zuckerberg and other current and former Meta executives have settled a lawsuit filed by a group of shareholders. They were seeking $8 billion for the damage the executives caused the company by allowing repeated violations of Facebook users’ privacy in relation to the Cambridge Analytica scandal. The parties did not disclose details of the settlement, according to Reuters. Facebook shareholders filed a lawsuit against Mark Zuckerberg, former COO Sheryl Sandberg, and other execut

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Zuckerberg Is So Desperate for AI Power That He's Building Temporary Data Centers in Tents

futurism.com Unknown 2025-07-26 11:19:50

In his increasingly desperate bid to keep up in the ongoing AI race, Meta CEO Mark Zuckerberg is throwing out the rulebook in his quest to expand data center infrastructure as fast as possible. As SemiAnalysis first reported last week, Meta is "prioritizing speed above all else" by setting up "tents" to add additional capacity to its data center campuses. The prefabricated modules are designed from the ground up to get computing power online as fast as possible, underlining Meta's furious scra

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Mark Zuckerberg Interview Derailed After His Audio Doesn’t Work

gizmodo.com Lucas Ropek 2025-07-28 01:10:13

The debut episode of The Information’s video podcast suffered a serious setback this week after an interview with Meta CEO Mark Zuckerberg had to be paused because the podcasters couldn’t get the interviewee’s audio to work. The Information, which routinely publishes scoops involving the tech industry, launched TITV this week—an Amazon-sponsored live video program that the outlet describes as “first in tech news and analysis from the people that break and shape the story.” A key part of the fi

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Meta is reportedly using actual tents to build data centers

techcrunch.com Ivan Mehta 2025-07-28 13:25:13

In Brief Meta and CEO Mark Zuckerberg are in a hurry to build their superintelligence tech. The company has been poaching AI researchers, while Zuckerberg announced on Monday that Meta is building a 5-gigawatt data center called Hyperion. The urgency is palpable. As SemiAnalysis reported last week and Business Insider noted, Meta is so eager to boost its computing power that it’s literally erecting tents for temporary data center capacity while its facilities are still under construction. The

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Interview With Mark Zuckerberg Crashes and Burns as They Can't Get His Audio Working

futurism.com Unknown 2025-07-29 08:33:20

Tech-focused business publication The Information drummed up plenty of excitement around a major guest gracing the first episode of its new YouTube show (which has the eyebrow-raising name TITV.) During today's kickoff installment, the show locked down none other than Meta CEO Mark Zuckerberg, who sat down with The Information founder and journalist Jessica Lessin for a live interview. But it didn't take long for the Amazon-sponsored chat to grind to a halt. The tech mogul and Lessin's audio w

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Meta CEO Zuckerberg says first AI data supercluster will come online in 2026

cnbc.com Ashley Capoot 2025-07-29 21:32:42

Meta CEO Mark Zuckerberg on Monday said he plans to invest "hundreds of billions of dollars" into artificial intelligence compute infrastructure, and that Meta plans to bring its first supercluster online next year. A supercluster is a large, complex computing network that's designed to train advanced AI models and handle their workloads. "Meta Superintelligence Labs will have industry-leading levels of compute and by far the greatest compute per researcher," Zuckerberg wrote in a Facebook pos

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Zuckerberg Was Wrong About the Metaverse. Can We Really Trust Him With Superintelligent AI?

gizmodo.com Luc Olinga 2025-08-12 17:16:01

Mark Zuckerberg once sold us the metaverse. Now he wants us to believe he’s going to lead us into the age of superintelligence. Should we fall for it again? Elon Musk once called him “Zuck the Fourteenth,” a jab comparing Meta’s CEO to France’s King Louis XIV—a monarch infamous for his ego, extravagance, and disregard for limits. It’s a fitting label, especially as Zuckerberg floods the headlines, positioning himself as Silicon Valley’s new AI king. But let’s rewind. Just a few years ago, Zuc

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A Leading Indicator Has Emerged Suggesting That the AI Industry Is Cooked

futurism.com Unknown 2025-08-14 07:38:19

In the world of cultural commentary, there are plenty of benchmarks used to determine when a trend is on its deathbed. From the classic shark-jumping episode of "Happy Days" to the adoption of Facebook by grandparents the world around, those with their ears to the ground can spot when a craze is on its way out. In that vein, the news that Meta founder and CEO Mark Zuckerberg is spending hundreds of millions of dollars to build supercharged AI sure strikes us as bad news for that industry. Let'

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Meta’s “AI superintelligence” effort sounds just like its failed “metaverse”

arstechnica.com Unknown 2025-08-14 09:21:09

In a memo to employees earlier this week, Meta CEO Mark Zuckerberg shared a vision for a near-future in which "personal [AI] superintelligence for everyone" forms "the beginning of a new era for humanity." The newly formed Meta Superintelligence Labs—freshly staffed with multiple high-level acquisitions from OpenAI and other AI companies—will spearhead the development of "our next generation of models to get to the frontier in the next year or so," Zuckerberg wrote. Reading that memo, I couldn'

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Here’s What Mark Zuckerberg Is Offering Top AI Talent

wired.com Zoë Schiffer 2025-08-18 21:48:00

As Mark Zuckerberg staffs up Meta’s new superintelligence lab, he’s offering top research talent pay packages of up to $300 million over four years, with more than $100 million in total compensation for the first year, WIRED has learned. Meta has made at least 10 of these staggeringly high offers to OpenAI staffers. One high ranking researcher was pitched on the role of chief scientist but turned it down, according to multiple sources with direct knowledge of the negotiations. While the pay pac

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Mark Zuckerberg’s war chest is Apple’s newest hurdle in the AI race

9to5mac.com Marcus Mendes 2025-08-19 13:15:34

Meta’s renewed push into AI is throwing the entire market off-balance, and Apple is particularly exposed. With morale arguably at an all-time low inside Cupertino’s AI teams, Zuckerberg’s multimillion-dollar check-cutting spree may have already pulled at least one top researcher out of Apple Park. And there may be more to come. What multimillion-dollar check-cutting spree? According to recent reports, Meta has offered massive pay packages to lure top AI researchers from rivals. And while Open

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Here Is Everyone Mark Zuckerberg Has Hired So Far for Meta’s ‘Superintelligence’ Team

wired.com Kylie Robison 2025-08-21 05:09:25

Mark Zuckerberg notified Meta staff today to introduce them to the new superintelligence team. The memo, which WIRED obtained, lists names and bios for the recently hired employees, many of whom came from rival AI firms like OpenAI, Anthropic, and Google. Over the past few months, Meta CEO Mark Zuckerberg has been on a recruiting frenzy to poach some of the most sought-after talent in AI. The social media giant has invested $14.3 billion in Scale AI and hired Alexandr Wang, its CEO, to run Meta

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Meta restructures its AI unit under ‘Superintelligence Labs’

techcrunch.com Rebecca Bellan 2025-08-21 09:56:25

In Brief Meta CEO Mark Zuckerberg is restructuring the company’s AI efforts to center around building AI “superintelligence.” Going forward, all teams working on AI at Meta will fall under a new group called Meta Superintelligence Labs, according to Bloomberg, which viewed an internal memo sent Monday. Alexandr Wang, the former CEO of data labeling startup Scale AI, will lead the group as chief AI officer. He’ll partner with former GitHub CEO Nat Friedman, who will oversee Meta’s AI products

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The Social Network Part 2 in development, trades startup drama for whistleblowers and algorithmic chaos

techspot.com Rob Thubron 2025-08-25 23:19:00

Something to look forward to: One of the best movies ever made about the tech industry, The Social Network, is getting a quasi-sequel. The story of Facebook and Mark Zuckerberg will continue with original writer Aaron Sorkin returning. He will also be taking David Fincher's place behind the camera this time around. 2010's The Social Network, an adaptation of Ben Mezrich's book The Accidental Billionaires, follows the story of Facebook and creator Mark Zuckerberg's early days. It was nominated f

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Meta’s recruiting blitz claims three OpenAI researchers

techcrunch.com Connie Loizos 2025-08-26 20:50:12

In Brief In the fight for top AI talent, Meta just reportedly snagged a win, poaching three OpenAI researchers despite rival Sam Altman’s public mockery of Mark Zuckerberg’s lavish hiring tactics. The latest victory in Zuckerberg’s widely-reported recruiting blitz: Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai – who established OpenAI’s Zurich office – have joined Meta’s superintelligence team, the WSJ reports, suggesting Zuckerberg’s methods can deliver. As Altman, the CEO of OpenAI, f

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Zuckerberg's Employees Have a Wild New Nickname for Him

futurism.com Unknown 2025-09-02 09:30:26

Half a year in, it seems like Mark Zuckerberg's right-wing turn — which came complete with a woo-woo midlife rebrand — is still going strong. Faced with the return of Donald Trump to the Oval Office, Zuckerberg conveniently molted out of his pseudo-progressive skin and into a darling of the manosphere. He's since appeared on shows like Joe Rogan to complain that US business culture needs to "regrow its manhood," because American capitalism is "culturally neutered." "A culture that celebrates t

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Meta held talks to buy Thinking Machines, Perplexity, and Safe Superintelligence

theverge.com Alex Heath 2025-09-02 21:53:47

is a deputy editor and author of thenewsletter. He has been reporting on the tech industry for more than a decade. At this point, it’s becoming easier to say which AI startups Mark Zuckerberg hasn’t looked at acquiring. In addition to Ilya Sutskever’s Safe Superintelligence (SSI), sources tell me the Meta CEO recently discussed buying ex-OpenAI CTO Mira Murati’s Thinking Machines Lab and Perplexity, the AI-native Google rival. None of these talks progressed to the formal offer stage for variou

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Meta tried to buy Ilya Sutskever's $32 billion AI startup, but is now planning to hire its CEO

cnbc.com Kate Rooney 2025-09-05 01:55:12

At the Meta Connect developer conference, Mark Zuckerberg, head of the Facebook group Meta, shows the prototype of computer glasses that can display digital objects in transparent lenses. When Meta CEO Mark Zuckerberg poached Scale AI founder Alexandr Wang last week as part of a $14.3 billion investment in the artificial intelligence startup, he was apparently just getting started. Zuckerberg's multibillion-dollar AI hiring spree has now turned to Daniel Gross, the CEO of Ilya Sutskever's star

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Mark Zuckerberg Is Reportedly Absolutely Furious at His Own Failure

futurism.com Unknown 2025-09-14 09:27:33

Mark Zuckerberg, it can't be said enough, is firmly entrenched as the second-richest man in human history. Despite the luxury this unfathomable wealth affords — enough to provide everyone on earth clean drinking water and waste disposal, if he was so inclined — Zuckerberg still feels like he's riding the struggle bus. Most recently, the tech tycoon has reportedly become intensely frustrated at Meta's failure to keep pace in the "AI race" with the likes of OpenAI's ChatGPT and Anthropic's Claude

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A frustrated Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires founder Wang

cnbc.com Jonathan Vanian Ashley Capoot 2025-09-18 06:26:20

In this article META Follow your favorite stocks CREATE FREE ACCOUNT Mark Zuckerberg arrives before the inauguration of Donald Trump as the 47th president of the United States takes place inside the Capitol Rotunda of the U.S. Capitol building in Washington, D.C., Monday, Jan. 20, 2025. Kenny Holston | Via Reuters Mark Zuckerberg is so frustrated with Meta's standing in artificial intelligence that he's willing to spend billions of dollars to convince Scale AI CEO Alexandr Wang to join his com

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Meta raises executive bonuses by up to 200% after cutting 5% of its workforce

techspot.com Rob Thubron 2025-06-03 07:44:00

Serving tech enthusiasts for over 25 years.TechSpot means tech analysis and advice you can trust A hot potato: Meta boss Mark Zuckerberg has described 2025 as "an intense year" as the company looks to streamline its business. Part of that involves laying off 5% of its workforce, close to 4,000 people. The company is also giving its executives more money, having just approved a plan giving them bigger bonuses – up to 200% of their base salary. According to an SEC filing submitted yesterday, Met

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Survey shows Elon Musk remains popular among Republicans, but both sides dislike Mark Zuckerberg

techspot.com Rob Thubron 2025-06-03 12:39:00

In a nutshell: Two of the most influential CEOs in the tech world, Elon Musk and Mark Zuckerberg, have closely aligned themselves with President Donald Trump recently, but how has that affected the nation's view of these billionaires? According to a new survey, more people dislike the pair than like them. However, while Republicans understandably have a more favorable opinion of Musk, it seems almost everyone dislikes Zuckerberg. Between January 27, 2025 and February 2, 2025, The Pew Research C

Topics: meta musk unfavorable view zuckerberg

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Latest Tech News

Meta investors settle $8bn lawsuit with Zuckerberg over Facebook privacy

Mark Zuckerberg and other Meta bigwigs just agreed to a settlement in $8 billion suit

Zuckerberg and Meta investors reach settlement in $8B privacy case

Zuckerberg Is So Desperate for AI Power That He's Building Temporary Data Centers in Tents

Mark Zuckerberg Interview Derailed After His Audio Doesn’t Work

Meta is reportedly using actual tents to build data centers

Interview With Mark Zuckerberg Crashes and Burns as They Can't Get His Audio Working

Meta CEO Zuckerberg says first AI data supercluster will come online in 2026

Zuckerberg Was Wrong About the Metaverse. Can We Really Trust Him With Superintelligent AI?

A Leading Indicator Has Emerged Suggesting That the AI Industry Is Cooked

Meta’s “AI superintelligence” effort sounds just like its failed “metaverse”

Here’s What Mark Zuckerberg Is Offering Top AI Talent

Mark Zuckerberg’s war chest is Apple’s newest hurdle in the AI race

Here Is Everyone Mark Zuckerberg Has Hired So Far for Meta’s ‘Superintelligence’ Team

Meta restructures its AI unit under ‘Superintelligence Labs’

The Social Network Part 2 in development, trades startup drama for whistleblowers and algorithmic chaos

Meta’s recruiting blitz claims three OpenAI researchers

Zuckerberg's Employees Have a Wild New Nickname for Him

Meta held talks to buy Thinking Machines, Perplexity, and Safe Superintelligence

Meta tried to buy Ilya Sutskever's $32 billion AI startup, but is now planning to hire its CEO

Mark Zuckerberg Is Reportedly Absolutely Furious at His Own Failure

A frustrated Zuckerberg makes his biggest AI bet as Meta nears $14 billion stake in Scale AI, hires founder Wang

Meta raises executive bonuses by up to 200% after cutting 5% of its workforce

Survey shows Elon Musk remains popular among Republicans, but both sides dislike Mark Zuckerberg

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