July 21, 2026

After TikTok, Snap settles social media addiction case: Snap is the latest big tech company to settle a lawsuit that claimed social media platforms are harmful to children and young adults. The company has reached a "tentative" agreement in a case that was set to go to trial later this month. TikTok recently settled its portion of the case with the plaintiff, known by the initials "R.K.C.," ahead of a jury trial that starts next week in Los Angeles. YouTube has also reached a deal, leaving Meta as the only remaining defendant. Meta has lost similar child safety lawsuits focused on social media, including one in New Mexico earlier this year, which marked its first courtroom defeat over the matter. In March, a Los Angeles jury also handed the social media giant, along with Google, another defeat, and awarded the defendant in that case, who went by "K.G.M," or Kaley, $6 million in damages. The precedents set by these cases are encouraging a wave of lawsuits against social media platforms over their purported harms, including their addictive nature and algorithms that negatively impact children and teens' mental health. The results of these lawsuits could see the companies reshaping their platforms with more robust child safety measures, parental controls, and other design choices that could help them avoid future litigation. The terms of Snap's agreement weren't disclosed, but Bloomberg reports that Snap confirmed the settlement has been achieved. Snap did not immediately return a request for comment. Read More

AI music generator Suno breach affects 55M users, per Have I Been Pwned: A hacker took names, phone numbers, and physical addresses of millions of customers who used AI music generator Suno. Read More

Anthropic's landmark $1.5B copyright settlement is approved: The final approval settles one case, but it doesn't resolve the broader issue of using copyrighted works to train AI models. Read More

AI is rewriting the rules of energy. As demand outpaces infrastructure, the answer isn’t just more power: it’s smarter systems. Schneider Electric's CEO shares how energy and industrial intelligence unlock efficiency, resilience, and scalable growth.

X relaunches a rebuilt Android app after year-long effort: X says the rebuilt version of its Android app is now available globally. Read More

Colossal Biosciences reportedly in talks to raise new capital at $20B–$30B valuation: The de-extinction startup is looking to double or triple its previous valuation, according to the report. Read More

What to know about the landmark Warner Bros. Discovery sale: Learn more about Paramount's planned acquisition of Warner Bros. Discovery — a historic Hollywood megadeal valued at $111 billion — as it continues to develop. Read More

Trump's latest AI czar has already resigned: The director role for the Center for AI Standards and Innovation (CAISI) has become a revolving door since David Sacks left his position as czar. Read More

Bluecore Energy raises $10M to build portable nuclear reactors on barges: Maritime nuclear energy startup Bluecore Energy has raised $10 million in a pre-seed funding round led by Slauson & Co. Read More

Onward FX is your warm intro to sector-focused VCs and corporate ventures like Chevron, Exxon, ARPA E, Eclipse, Halliburton, and 20 more. Meetings are pre-matched and vetted against investor mandates. 1 in 4 founders leave with a term sheet. October 27 in Little Rock, Arkansas. Accepting applications now.

Music streamer Deezer says more than 50% of daily uploads are AI-generated: Deezer said more than 90,000 AI-generated tracks were uploaded daily on the platform in June. Read More

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