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

Mark Zuckerberg said on Monday that Meta Platforms would spend hundreds of billions of dollars to build several massive AI data centers for superintelligence, intensifying his pursuit of a technology he has chased with a talent war for top engineers.

The battle between Meta CEO Mark Zuckerberg and OpenAI’s Sam Altman for the industry’s top AI talent shows no signs of cooling off. This time, Zuckerberg appears to have secured two more researchers from OpenAI.

Meta will invest in "hundreds of billions of dollars" in artificial intelligence with the world's first supercluster online next year, CEO Mark Zuckerberg said Monday.

Facebook CEO Mark Zuckerberg testified before lawmakers on Capitol Hill for roughly five hours Tuesday. Here are the highlights in around five minutes. Photo: EPA

Iconiq Capital, which started in Silicon Valley with clients like Mark Zuckerberg and Jack Dorsey, has created collaborative philanthropy funds to jump-start giving. These so-called co-labs pool clients' capital to make multiyear grants to a group of nonprofits focused on causes like climate equity and economic mobility.

Meta Platforms, under the leadership of CEO Mark Zuckerberg, has ignited a fierce battle for artificial intelligence (AI) talent, offering compensation packages that have stunned Silicon Valley and the global tech industry.