Meta Platforms has agreed to pay $725 million to settle a 2018 class action lawsuit initiated by Facebook users who said their personal data was breached in an incident involving UK-based political consultancy Cambridge Analytica. The proposed amount would reportedly be the largest settlement in a U.S. data privacy class action. Although Meta is not admitting to any wrongdoing as part of the settlement, the firm says it has over the past three years “revamped” its approach to privacy. Lawyers for the plaintiffs called the proposal a “historic settlement” that will provide meaningful relief in a “complex and novel” case. Read more

Insider Intelligence forecasts that 2023 will mark the first time since 2014 that the combined digital advertising market share for Meta Platforms and Alphabet will fall below 50 percent, indicating erosion of their “duopoly.” Projection of a 2.5 percent drop due to increased competition from rivals including Amazon, Apple, TikTok and Microsoft will put the pair at a projected 48.4 percent this year, according to the research group. While the trajectory is likely to garner negative media and investor attention, it is a plus from the perspective of fending off global antitrust attacks. Read more

Over the holidays, the National Football League announced a multi-year deal with Google that will provide YouTube TV and YouTube Primetime Channels with exclusive rights to the NFL Sunday Ticket package, which includes all out-of-market Sunday games broadcast via CBS and FOX. Beginning with the 2023 football season, NFL Sunday Ticket will be available for U.S. consumers “on two of YouTube’s growing subscription businesses as an add-on package on YouTube TV and standalone a-la-carte on YouTube Primetime Channels,” according to Google. The agreement is valued at about $2 billion annually over seven years. Read more

In the wake of overwhelming public response to recent offerings DALL-E 2 and ChatGPT, OpenAI this week introduced Point-E, a text-to-3D model generator that is garnering positive feedback. Faster and less resource intensive than comparable systems, it’s still in the early stages and prone to occasional disjointed results but has advanced the proposition. Using a single Nvidia V100 GPU, Point-E can create a 3D model in under two minutes, generating “point clouds” — data sets representing a 3D shape. Point clouds compute more easily than the wire-fame meshes traditionally used to model 3D objects. Read more

Cloud-based code hosting service GitHub wants to make open-source material more secure. The Microsoft service is expanding safety features with two new offerings in beta. Secret scanning alerts are now free for all public repositories while push-notifications for custom secret patterns are also being made available. Open-source code is now incorporated into a whopping 97 percent of applications, according to Synopsys, which says 90 percent of organizations rely on it to varying degrees. Yet the very access that contributes to its popularity also leaves it vulnerable to malicious actors, as emphasized by the SolarWinds, Log4j and other breaches. Read more