Alphabet vs. Meta: One AI Giant Looks More Attractive

Meta is considering spending up to $10 billion annually on Anthropic's AI tools, according to Sina Finance. The company is a major user of Anthropic's products and is in discussions about the expenditure. Meta also uses Anthropic's models for internal testing and product development, such as its new product Hatch.

Meta (META) settled youth-addiction claims for $12.6 billion, below the feared $200 billion. Analysts' price targets average $754, 30% above Wednesday's close. The settlement's present value is less than Meta's legal defense costs. Meta's shares are down 12.57% year-to-date.

Meta agreed to a $17 billion settlement with 29 US states, avoiding a trial. The company will implement changes to Instagram and Facebook, such as curfews and restrictions for young users. Meta's stock rose after the announcement, but the fine is less than 10% of its annual profits. The settlement does not require Meta to admit wrongdoing.

Meta's settlement with states requires a minimum $12B payment, potentially rising to $17B if TikTok and YouTube adopt similar changes for younger users.

Meta (parent of Facebook, Instagram) agreed to pay $18B to settle lawsuits from 29 U.S. states, acknowledging concerns over its platforms' impact on minors' mental health. The deal includes design changes to limit minors' usage, such as daily time limits and nighttime disconnection. Meta denies its platforms cause addiction but settled to avoid potential adverse verdicts. The settlement may influence other social media platforms like TikTok and YouTube, and could have global implications.

Meta settled a US case involving multiple states, agreeing to a $17 billion payment over 10 years and platform changes to protect younger users. The settlement includes daily time limits, notification restrictions, and hidden 'like' counts. Meta denies wrongdoing but faces ongoing scrutiny in Europe under the Digital Services Act.