Meta's Settlement Just Changed How Teens Use Instagram A settlement filed today in Oakland federal court will change how teenagers use Instagram and Facebook. Meta agreed to resolve claims from 29 states that it designed its apps to keep kids hooked, misled families about safety, and collected children's data without parental consent. It settled eight days into trial, before any verdict. Meta denies wrongdoing. The number is messier than the headline. Court papers put the payment at up to...

Everyone tracks Big Tech's AI capex. Roughly $600 billion over the past year across nine companies. Big number. Wrong number. The WSJ went through the footnotes of their SEC filings and found ~$3 trillion in additional commitments that don't appear on any balance sheet — about triple what these companies owe in leases and long-term debt combined. And it's growing faster than capex itself. Watch the mechanism in 25 seconds: Big Tech reports $600B in AI capex but holds $3 trillion in...

Meta released Muse Glimmer, a new open-weight AI model that's far smaller than rival frontier models. It's built for agentic tasks and runs on a Mac or PC with a single graphics card, targeting demand for on-device AI. The launch follows Meta's formation of an expensive superintelligence team last year to push back into the top tier of the AI race. Alongside the release, Zuckerberg called for lower US barriers on open-source AI to compete with China, arguing foreign labs hold advantages...