Morning Scan

Meta's $17B settlement is the story everyone will cite for the next decade of platform-liability arguments, and it landed on the same day Nvidia posted numbers so big they've started to feel routine. Add an Nvidia-Hugging Face deal that would change the open-source AI stack, and it's one of those mornings where the news is actually as big as the headlines make it sound.

$17.1B — Meta's settlement with 47 states over social media addiction claims, the largest of its kind. (NYT)

Connected World

Meta to Pay Up to $17.1 Billion in Landmark Settlement Over Social Media Addiction Claims (paywall)

47 states plus territories, and Meta agreed to actual product changes — not just a check. (NYT)

Meta Agrees to Limit Teens' Time on Facebook and Instagram, Calls on TikTok and YouTube to Match

The "call on competitors to match us" move is doing a lot of PR lifting here. (MacRumors)

The Meta settlement will put limits on Instagram for teens—they're still vulnerable

Child safety groups are already saying the deal didn't go far enough. (WIRED)

Poland has asked the European Commission to fine Meta €250M over scam ads

Right on cue. (The Next Web)

Connected World

Nvidia reports Q2 revenue up 106% YoY to $96.22B, net income up 126% to $59.7B

Triple-digit growth at this scale shouldn't still be possible; it is. (Nvidia)

Source: Nvidia has agreed to buy Hugging Face for $12.9B

The open-source model hub becomes Nvidia property — a huge bet on owning the developer layer, not just the silicon. (The Information)

Amazon just tripled its order of Nvidia chips over 'surging demand'

2 million more GPUs headed to AWS data centers through 2028. (TechCrunch)

Anthropic continues compute-gobbling streak in $45B deal with Nscale

Every AI lab is now also, functionally, an infrastructure company. (TechCrunch)

Connected World

CrowdStrike reports Q2 revenue up 26% YoY to $1.47B, forecasts FY2027 above estimates (paywall)

AI threats are apparently great for the AI-threat-detection business. (Bloomberg)

Salesforce scoffs at SaaSpocalypse fears with a crushing earnings beat

Shares up 13%+ the same week it ties its whole product line to Claude — coincidence-adjacent. (SiliconANGLE)

HP reports Q3 revenue up 12.5% YoY to $15.7B, but PC units down 16% (paywall)

Revenue up, units down, stock down 9% — the ASP story only works for so long. (Bloomberg)