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Meta has agreed to pay up to $16.68 billion to settle a lawsuit brought by 29 states alleging that its platforms caused harms to children. The settlement resolves the youth-safety case without admission of wrongdoing and will be distributed to the participating states for programs aimed at protecting minors online.
The European Commission fined Google €890 million for breaching competition rules under the Digital Markets Act. The penalty was imposed for using its search dominance and Google Play developer rules to disadvantage rivals. The fine is the first Digital Markets Act penalty imposed on a major tech company.
Anthropic secured a $65 billion financing round, boosting its post-money valuation to roughly $900 billion-$1 trillion. The capital influx places the AI firm among the highest-valued private technology companies and positions it for a potential public offering in the near future.
Yann LeCun’s startup, AMI Labs, has raised over $1 billion in funding. The company intends to use this capital to build artificial intelligence capable of understanding the physical world through world models.