(laughs)

And consumers are the ones benefiting from all this.

Baby boomers are not drinking the way they used to.

In wine industry terms, they're sunsetting, so they're aging out, they're drinking less.

And the number of wine cases sold in the US has declined more than 20% since 2020.

So you've got-

Yeah.

If you buy wine at Costco, you can either buy a wine that comes in its original bottle or you can buy a wine that's relabeled as this Kirkland Signature brand.

Can you talk a little bit more about that?

So one of the things companies have been talking about for some time are time limits.

So, you know, you could set some arbitrary limit, say it's one hour, two hours, four hours a day, and when the teenager hits that limit, the app would cut them off.

Teenagers are also very, very savvy and very good at circumventing these types of bans.

Some companies have already instituted these types of time limit bans.

For these sorts of measures, it kind of depends on how they would be implemented.

Some apps have tried to implement, like, winds down calming music, meditative type tracks as it gets closer and closer to bedtime or later.

What other responses have we seen from tech companies about this issue?

But now, Journal tech reporter Georgia Wells says Meta plans to shift spending to AI wearables during 2026.

Users just aren't as interested in this Metaverse as the company hoped they would be, and in the meantime, AI has totally emerged as the primary focus on where the tech industry sees the future.

Basically, Meta believes Mark bet on the wrong horse with the Metaverse, and they're working to reallocate the spending to AI, where they're seeing traction with their AI glasses.

This leaves us wondering if Meta would change their name, since the Metaverse is increasingly less of a North Star for the company, though at this time, we have no evidence that a name change is in the works.

Georgia, how did the company come to this decision? How did it get here?

It's been a long process for the company.

About a year ago, they were doing some thinking and decided to create an entirely separate experience for under eighteen users.

So this was like a different AI model.

But in the months after that, executives observed that their chatbots in long conversations are less likely to adhere to safety guidelines.

And even when the safety guidelines functioned perfectly, they realized that teens sometimes use them in problematic ways.

And so teens would maybe, like, try to chat about violence or other topics that were restricted.

What does this mean for its business prospects?

What are some of the ways in which teenagers lately have been turning to chatbots for mental health support?

So in this study, some of the examples were talking about losing weight.

The teens would discuss how they'd restricted their calories, were losing weight, and then the chatbots would kind of suggest further ideas for how to lose more weight.

Or the teens would discuss self-harm, and the chatbot would initially identify, you know, the risk here and point the teen towards resources.

But later on, if the teen asked how to kind of cover up scars so that people wouldn't see them at swim practice, the chatbot seems to forget the problems that had happened before and just offer different ways to just cover up scars without remembering the risk that had been flagged earlier.

What was their response?

A Google spokesman said Gemini have specific policies and safeguards for minors, as well as child safety experts who work to research and identify new potential risks and implement safeguards.

OpenAI, they make ChatGPT.

What are some of the ways in which teenagers lately have been turning to chatbots for mental health support?

So in this study, some of the examples were talking about losing weight.

The teens would discuss how they'd restricted their calories, were losing weight, and then the chatbots would kind of suggest further ideas for how to lose more weight.

Or the teens would discuss self-harm, and the chatbot would initially identify, you know, the risk here and point the teen towards resources, but later on if the teen asked how to kind of cover up scars so that people wouldn't see them at swim practice, the chatbot seems to forget the problems that had happened before and just offer different ways to just cover up scars without remembering the risk that had been flagged earlier.

What was their response?

A Google spokesman said Gemini have specific policies and safeguards for minors as well as child safety experts who work to research and identify new potential risks and implement safeguards.

OpenAI, they make ChatGPT, a spokeswoman for them said that the report doesn't reflect safeguards that the company has put in place, and she added that OpenAI is working on using age prediction to direct users who are under 18 to a different model that would be just for their underage users.

And a spokeswoman for Anthropic said that their chatbot, Claude, is not built for minors and that the company's rules prohibit users under the age of 18.