A social media post from Facebook founder and CEO Mark Zuckerberg and wife Priscilla Chan announced the birth of their firstborn daughter named Max. The Los Angeles Times said the public letter, of which Zuckerberg had addressed it to his baby girl, showed the couple’s concern about her future and her generation’s future.
A portion of the letter read, "Like all parents, we want you to grow up in a world better than ours today. Our society has an obligation to invest now."
In that line of thought, the Zuckerbergs announced that they will personally donate 99% of their Facebook shares during their lifetimes to charity. Forbes.com said the donation is valued at a whopping USD45 billion. The promise was later made official in a US Securities and Exchange Commission filing.
The couple detailed the areas of focus they will attend to under their promise to donate, which was named the Chan Zuckerberg Initiative.
The letter read, “Our initial areas of focus will be personalized learning, curing disease, connecting people and building strong communities.”


Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement
AI Memory Chip Shortage Likely to Persist Despite Korea Investment Boom, Nomura Says
Bank of America Upgrades T-Mobile to Buy, Says LEO Satellite Fears Are Overdone
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge
Samsung Q2 Profit Hits Record on AI Memory Boom as Shares Tumble
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest
Elon Musk Says Anthropic Leads AI Race as Claude Models Challenge OpenAI
SpaceX Stock Draws Bullish Wall Street Coverage Ahead of Nasdaq-100 Inclusion
Kuaishou Stock Jumps as Kling AI Secures $2 Billion Funding Round
China 618 Smartphone Sales Drop 13% as Higher Prices Hurt Demand, Huawei Gains Market Share
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 



