Meta's $17 Billion Wrist Slap, Dick's $2.4 Billion Mistake, The Robots Are Coming | GCP 1025

About this episode

Group Chat News is back with the hottest news of the week including Meta agreed to pay $17 billion to 47 states to end the landmark trial over teen social media addiction and the stock went up. The guys get into why a record setting settlement paid out over ten years barely registers on a company this size, why the Big Tobacco comparison falls apart when you look at the numbers, and whether the new safeguards Meta agreed to will actually change anything. Time caps, overnight blocks, no notifications during school hours. The case for optimism is that a kid who never builds the habit never gets addicted. The case against is that nobody enforces any of it. Then the robots. China staged a robot Olympics, and the argument is that it was the smartest piece of marketing the country could have run get the whole population cheering for the machines before those machines start taking jobs. That leads into the argument about whether AGI is actually here, a $1,000 bet over how long before a robot unclogs your toilet, and the only AI use case anyone can agree is worth having: making an insurance company answer the phone. On the money side, Dick's Sporting Goods had its worst day in three