Good morning. It’s Wednesday, August 26.
Meta just agreed to pay up to 18 billion dollars to settle claims from 29 states that it knowingly hooked teens on Instagram and Facebook, the clearest sign yet that the legal bill for the social media era is finally coming due.
Today we are covering:
Meta settles with 29 states for up to 18 billion dollars over claims it harmed teens on Instagram and Facebook
Bill Gates warns the AI industry is crossing safety thresholds it once promised to avoid, and proposes a robot tax
Ring rolls out TAKE, a new default encryption standard it says blocks even law enforcement from viewing footage without permission
