WILMINGTON, Del. (AP) — An $8 billion class action investors’ lawsuit against Meta CEO Mark Zuckerberg and company leaders — current and former — began Wednesday, with claims stemming from the 2018 privacy scandal involving the Cambridge Analytica political consulting firm. Investors allege in their lawsuit that Meta did not fully disclose the risks that Facebook users’ personal information would …
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Zuckerberg says Meta will build data center the size of Manhattan in latest AI push | Meta
Mark Zuckerberg proclaimed that Meta would spend hundreds of billions of dollars on developing artificial intelligence products in the near future and, to that end, construct a data center planned to be nearly the size of Manhattan. The parent company of Facebook, Instagram and WhatsApp is among the large tech companies that have struck high-profile deals, and doled out multimillion-dollar …
Read More »Ellison Overtakes Zuckerberg as World’s Second-Richest Person – Bloomberg
Ellison Overtakes Zuckerberg as World’s Second-Richest Person Bloomberg Larry Ellison surpasses Mark Zuckerberg to become world’s second-richest after Oracle doubles down on AI investment Fortune Who is Larry Ellinson? Becomes second richest man with $275 bn net worth after leapfrogging Bezos and Zuckerberg financialexpress.com Larry Ellison: The college dropout who built Oracle and made it to the billionaire chart Times of India Oracle’s AI-Powered …
Read More »Meta shareholders aim to haul CEO Mark Zuckerberg, Sheryl Sandberg to court
Mark Zuckerberg is slated to make yet another high-stakes courtroom appearance this week as shareholders seek to hold him accountable for the more than $8 billion that Meta has spent to settle lawsuits over privacy violations. The trial, set to begin Wednesday in Delaware’s Court of Chancery, aims to hold Zuckerberg, former Meta COO Sheryl Sandberg and other former executives …
Read More »Meta to spend hundreds of billions on AI data centres, says Mark Zuckerberg
Meta’s founder Mark Zuckerberg has said the social media giant will spend hundreds of billions of dollars on building huge AI data centres in the US. The first multi-gigawatt data centre, called Prometheus, is expected to come online in 2026, Zuckerberg said. He said one of the sites would cover an area nearly the size of Manhattan (59.1 sq km/22.8 …
Read More »Meta's Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push – Reuters
Meta’s Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push Reuters Meta CEO Mark Zuckerberg touts AI build-out, says company will spend hundreds of billions on data centers Yahoo Finance Mark Zuckerberg Says Meta to Build Several Gigawatt-Size Data Centers Bloomberg Meta keeps AI spending spree going — plus Amazon shuts down Prime Day critics CNBC Eighty years after bomb, is …
Read More »Mark Zuckerberg says Meta is building a 5GW AI data center
Meta is currently building out a data center, called Hyperion, which the company expects to supply its new AI lab with five gigawatts (GW) of computational power, CEO Mark Zuckerberg said in a Monday post on Threads. The announcement marks Meta’s latest move to get ahead of OpenAI and Google in the AI race. After previously poaching top talent to …
Read More »Mark Zuckerberg Says Meta to Build Several Gigawatt-Size Data Centers – Bloomberg
Mark Zuckerberg Says Meta to Build Several Gigawatt-Size Data Centers Bloomberg Meta’s Zuckerberg pledges hundreds of billions for AI data centers in superintelligence push Yahoo Finance Zuckerberg says Meta will invest hundreds of billions in superintelligence Reuters Meta CEO plans to invest $100’s of billions on AI, bring first 1GW-plus supercluster online Seeking Alpha Eighty years after bomb, is AI a new arms race …
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