Meta CEO Mark Zuckerberg and other board members of the social media giant settled a shareholder lawsuit Thursday, a day after a trial began in court over an $8 billion class-action lawsuit linked to the 2018 privacy scandal involving Cambridge Analytica, according to AFP.

WILMINGTON, Delaware, July 17 (Reuters) - A lawyer for Meta Platforms (META.O) shareholders who were suing Mark Zuckerberg and other company leaders told a Delaware judge on Thursday that the parties had reached a settlement agreement, ending a $8 billion trial over Facebook’s user privacy violations.

Shareholders claim that Mark Zuckerberg and other top officials should have to reimburse Facebook for $8 billion in fines and penalties.

Mark Zuckerberg, Sheryl Sandberg, Peter Thiel, Mark Andreessen, and others are facing trial, sued for billions over lax data protection at Facebook.

(Reuters) -Meta CEO Mark Zuckerberg has pledged hundreds of billions of dollars towards building massive data centers, days after ratcheting up the AI race with the launch of a division made up of engineers poached from rivals he hopes to challenge.

Meta is reportedly offering massive salaries – up to Rs 1,600 crore – to top AI researchers from Apple and OpenAI. These hires will drive its Superintelligence Lab and long-term push towards AGI.

Facebook cofounder Mark Zuckerberg teases he's building several power-hungry data centers to develop 'AI superintelligence.'

Mark Zuckerberg said Meta would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence.