Meta, New Mexico and Pay
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AI, Meta
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By Dietrich Knauth Aug 7 (Reuters) - A New Mexico state court ordered Meta Platforms, owner of Facebook and Instagram, to make major changes to its platforms and pay the largest sum yet in a growing wave of U.
From courtrooms to strip clubs, backlash is building against Meta's smart glasses.
The new penalty is in addition to the $375 million in civil penalties that jurors ordered against Meta, the parent company of Facebook and Instagram, in March.
A New Mexico judge ordered the social-media giant to create a new $567 million fund in addition to paying $375 million in previously determined civil penalties.
Meta has launched Muse Code, an AI coding agent in beta, designed to handle entire engineering tasks from planning to checking code.
Meta CTO Andrew Bosworth tells employees he'd rather see AI productivity gains spent building more products than taking more time off.
Meta Platforms was ordered to pay $942 million in a New Mexico case over harm to children, but investors may be more concerned about the growing wave of similar lawsuits.