Florida pushes for Meta to make platforms safer

Biohub, Google, Meta, and the U.S. government are collaborating on a $1.8B project to generate biological data for AI models. Google, Meta, and Isomorphic Labs will invest $300M, while the DOE and NIH will contribute over $500M each. The goal is to create standardized data for predictive cell models, accelerating scientific research.

Meta (FB) agreed to impose a 2-hour daily limit on Facebook and Instagram for teens under 18 in certain US states, as part of a settlement with state attorneys general. The limit is cumulative across both platforms, with exceptions for direct messaging. Additional restrictions include nighttime access blocks and reduced notifications during school hours. Meta may pay up to $17.1 billion to participating states.

Google, Meta, and other companies are investing nearly US$2 billion to create an open database for AI systems focused on biology, disease research, and drug discovery.

Meta-backed Biohub is expanding its 'Virtual Biology Initiative' with $1.8B total funding, including contributions from the U.S. Department of Energy, NIH, Google DeepMind, and others. The initiative aims to standardize and produce biological data for AI-driven drug discovery. Meta, while not directly involved in drug development, provides AI technologies and talents to Biohub, focusing on data and foundational models.

Wells Fargo raised its 12-month price target for Meta Platforms (META) to $1,000 from $796, maintaining an 'Overweight' rating. The company reported a 28% revenue increase to $60.8 billion in Q2 2026, but faces risks from high capital expenditure and regulatory pressures.

UK regulator Ofcom is investigating Meta over its Instagram Instants feature, examining whether the company adequately assessed risks before launch. The probe focuses on potential harm to users, particularly children. Meta has not yet commented on the investigation.