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An anonymous reader quotes a report from NBC News: Mark Zuckerberg and current and former directors and officers of Meta Platforms agreed on Thursday to settle claims seeking $8 billion for the damage they allegedly caused the company by allowing repeated violations of Facebook users' privacy, a lawyer for the shareholders told a Delaware judge on Thursday. The parties did not disclose details of the settlement and defense lawyers did not address the judge, Kathaleen McCormick of the Delaware Court of Chancery. McCormick adjourned the trial just as it was to enter its second day and she congratulated the parties. The plaintiffs' lawyer, Sam Closic, said the agreement just came together quickly. Billionaire venture capitalist Marc Andreessen, who is a defendant in the trial and a Meta director, was scheduled to testify on Thursday. Shareholders of Meta sued Zuckerberg, Andreessen and other former company officials including former Chief Operating Officer Sheryl Sandberg in hopes of holding them liable for billions of dollars in fines and legal costs the company paid in recent years. The Federal Trade Commission fined Facebook $5 billion in 2019 after finding that it failed to comply with a 2012 agreement with the regulator to protect users' data. The shareholders wanted the 11 defendants to use their personal wealth to reimburse the company. The defendants denied the allegations, which they called "extreme claims." "This settlement may bring relief to the parties involved, but it's a missed opportunity for public accountability," said Jason Kint, the head of Digital Content Next, a trade group for content providers. "Facebook has successfully remade the 'Cambridge Analytica' scandal about a few bad actors rather than an unraveling of its entire business model of surveillance capitalism and the reciprocal, unbridled sharing of personal data. That reckoning is now left unresolved."

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Robinhood CEO Vlad Tenev has said that the majority of his company's new code is written by AI, with "close to 100%" of engineers using AI code editors. Speaking on the 20VC podcast, Tenev estimated around 50% of new code at the trading platform is AI-generated. Tenev said the 50% figure is imprecise due to advanced "agentic" code editors that have made it difficult to distinguish human-written from AI-generated code. The company has progressed from GitHub Copilot to Cursor and now Windsurf, where "nearly all of the code is written by AI," he said. Tenev estimated only a "minority" of new code at Robinhood is written by humans.

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Mozilla will ship WebGPU support in Firefox 141 when the browser launches July 22, bringing graphics processing capabilities that Chrome users have had since 2023. The initial release supports Windows only, with Mac, Linux, and Android planned for the coming months. WebGPU provides web content direct access to graphics processors for high-performance computation and rendering in games and complex 3D applications. Chrome gained WebGPU support with version 113 in 2023, while Safari 26 is expected to add the feature this fall. Firefox's implementation uses the WGPU Rust crate, which translates web requests into native commands for Direct3D 12, Metal, or Vulkan.

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British universities face mounting financial pressures with four in ten institutions running deficits, according to the Office for Students regulator. Half have closed courses to save money, while Durham and Newcastle each shed 200 staff members. Lancaster's cost-saving plan could eliminate one in five academic positions. The crisis, writes Economist, stems from frozen tuition fees for English students, which will rise by only a few percent in August for the first time in eight years.

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