Mark Zuckerberg, Priscilla Chan to invest $3 billion for an initiative to cure diseases

By on September 22, 2016 at 1:30 PM.

Mark Zuckerberg, Priscilla Chan to invest $3 billion for an initiative to cure diseases

Facebook CEO Mark Zuckerberg and his wife Priscilla Chan, as part of their Chan Zuckerberg Initiative, announced that they are investing $3 billion towards the prevention and cure of diseases. The initiative aims to cure all disease by the end of the century. Zuckerberg said “Together, we have a real shot at leaving the world a better place for our children than we found it.” In a Facebook post, Zuckerberg talked about how modern science has made incredible progress in the last hundred years and how the correct technology can make it even better. The goal is to "work together to cure, prevent or manage all disease within our children's lifetime," Priscilla Chan, who is a pediatrician, said during an event in San Francisco for the Chan Zuckerberg Initiative, which was also live streamed on Facebook. More →
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SpaceX rocket explosion is the most difficult failure: Elon Musk

By on September 10, 2016 at 5:36 PM.

SpaceX rocket explosion is the most difficult failure: Elon Musk

A week after SpaceX's Falcon 9 rocket exploded on September 1 at Cape Canaveral, Florida, CEO Elon Musk has termed the launch pad accident as the "the most difficult and complex failure" in the company's 14-year history. After the exposition destroyed a rocket and a communications satellite, Musk has sought help from the public in its ongoing investigation. “Still working on the Falcon fireball investigation. Turning out to be the most difficult and complex failure we have ever had in 14 years," Musk tweeted after a week of public silence. More →
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Mark Zuckerberg faces flak after Facebook removes Vietnam War photo citing nudity

By on September 9, 2016 at 10:30 PM.

Mark Zuckerberg faces flak after Facebook removes Vietnam War photo citing nudity

Espen Egil Hansen, the editor-in-chief of Norway’s biggest daily newspaper Aftenposten, has criticized Facebook CEO Mark Zuckerberg over his role in deleting an article from Aftenposten's Facebook page containing a historic image from the Vietnam War. Espen Egil Hansen, who is also CEO of Aftenposten, called Zuckerberg the "world's most powerful editor", and said the decision to remove the photograph because it contained nudity (the image shows the aftermath of a napalm attack) was a serious error in judgment, The Verge reported. The Pulitzer prize-winning image was originally taken by Associated Press photographer Nick Ut, and shows a naked nine-year-old Kim Phúc fleeing from napalm bombing along with other children. More →
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Mark Zuckerberg’s initiative invests $50 million in Indian tech firm Byju’s

By on September 9, 2016 at 9:00 AM.

Mark Zuckerberg’s initiative invests $50 million in Indian tech firm Byju’s

India's leading education technology provider Byju's on Thursday announced raising $50 million (Rs 333 crore) from Chan-Zuckerberg Initiative (CZI) and four venture capital partners to fund its expansion plans. The four partners are Sequoia, Sofina, Lightspeed and Times Internet. "We will deploy the fund to fuel international expansion and inspire additional funding from leading companied the world over," said Byju founder and Chief Executive Byju Raveendran in a statement. More →
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Mark Zuckerberg puts up a nostalgia post as News Feed turns 10

By on September 6, 2016 at 5:30 PM.

Mark Zuckerberg puts up a nostalgia post as News Feed turns 10

If you have been using Facebook from the very beginning, you would remember how Facebook never had any concept feeds. All it had was a bunch of profiles, groups and communities, where people could just jump from one profile to another, see posts on groups. But unlike the present Facebook, there was no way to know what your friends were seeing or what they were liking, who was tagging them, unless you checked went to their profile. Then, ten years ago, News Feed was born, and the face of Facebook changed forever. More →
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Facebook faces $200 million loss after SpaceX rocket explosion

By on September 4, 2016 at 12:45 PM.

Facebook faces $200 million loss after SpaceX rocket explosion

Tech giant Facebook incurred a loss of $200 million when the Falcon 9 rocket carrying SpaceX communication satellite AMOS-6 exploded in Cape Canaveral during tests, while SpaceX has begun a full probe into the explosion. In February 2016, Telecom Regulatory Authority of India banned Facebook’s Free Basics – a service that provided free mobile internet access to select web services – because it violated net neutrality. And now, what can be called as the major setback to Facebook, its SpaceX rocket carrying a satellite exploded.  The AMOS-6, which was the result of a collaboration between Facebook and French satellite-maker Eutelsat, was to provide free broadband to at least 14 countries on the African continent and Middle East. According to Dailymail, CEO of US-based Aerospace company SpaceX Elon Musk also lost about $390 million as the stock prices of two of his companies -- Tesla and SolarCity -- dropped after the accident. Shares in Elon Musk's electric car maker Tesla dropped 5.3 percent and his SolarCity venture was also down 9.1 percent. More →
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Mark Zuckerberg visits Nigeria, aims to support tech development and entrepreneurship in Africa

By on August 31, 2016 at 3:05 PM.

Mark Zuckerberg visits Nigeria, aims to support tech development and entrepreneurship in Africa

Pope Francis recently met Facebook founder and CEO Mark Zuckerberg and his wife, Priscilla Chan, at the Vatican. Zuckerberg and Pope spoke on how to use communication technologies to ease poverty and to make a message of hope arrive. Mark Zuckerberg announced his trip to Italy last week after the country was struck by earthquake. He has scheduled a live question and answer session for later and said that he was looking forward to spending time with our Italian community. However after visiting Rome, Facebook founder and CEO Mark Zuckerberg has reached Nigeria, which is the social networking giant's largest African market. Facebook’s African market has a total of 16 million people visiting the social media platform monthly.

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Facebook CEO Mark Zuckerberg hopes to show off his home-assisting Jarvis AI next month

By on August 30, 2016 at 1:15 PM.

Facebook CEO Mark Zuckerberg hopes to show off his home-assisting Jarvis AI next month

In a Facebook town hall Q&A session at Rome, CEO Mark Zuckerberg shared his plans to demonstrate his Artificial Intelligence (AI) project, which he has named Jarvis, that he has been working on since a while. This AI is aimed to control his house and assist him with his work, and it works exclusively on Zuckerberg’s commands. In the Q&A, which was also beamed live, the Facebook CEO said that he plans to demo the AI sometime in the month of September. The topic of the AI came up when one of the students present at the Q&A asked Zuckerberg about his progress on Jarvis and when could people buy one. More →
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Mark Zuckerberg meets Pope Francis, presents him miniature Aquila drone

By on August 29, 2016 at 8:15 PM.

Mark Zuckerberg meets Pope Francis, presents him miniature Aquila drone

Facebook CEO Mark Zuckerberg on his official account shared a picture of himself along with Pope Francis at the Vatican city. In the Facebook post, Zuckerberg gave an insight about his meeting with the Pope. Zuckerberg revealed he and his wife Priscilla conferred with the Pope about their project and efforts of connecting people around the world, especially in parts where there is no internet access. Hence, he gave him a model of Aquila, which is a project by Facebook to provide internet to remote parts of the world through unmanned solar-powered drones. By presenting a scale model of the solar-powered plane, and discussing the idea behind it, Zuck aimed to share the chord of ‘helping the needy’ with the Pope. Interestingly, on Zuckerberg’s post, before anything else people first noticed his outfit. Being a formal affair, Zuck finally dropped his signature grey t-shirt and put on a dapper black suit. Many people on his post commented on his dress code. More →
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Mark Zuckerberg gives away $95 million Facebook shares in charity

By on August 20, 2016 at 2:30 PM.

Mark Zuckerberg gives away $95 million Facebook shares in charity

In the first gesture to fulfil their pledge that he and his wife made last year, Facebook CEO Mark Zuckerberg has sold $95 million of the social networking giant's shares. According to a US regulatory filing, The Chan Zuckerberg Foundation and CZI Holdings LLC sold Facebook shares worth $95 million before taxes. "The sales likely netted more than $85 million after capital gains taxes, the report added. The couple plans to give away no more than $1 billion worth of stock each year through 2018. Last December, Zuckerberg and his wife Priscilla Chan pledged to donate 99 percent of their Facebook shares -- about $45 billion -- to advance human potential and promote equality for children. More →
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