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Midjourney wants Disney, Universal, and Warner Bros. to reveal in court how they use AI across their companies; studios sued Midjourney in 2025 for infringement (Gene Maddaus/Variety)

Gene Maddaus / Variety : Midjourney wants Disney, Universal, and Warner Bros. to reveal in court how they use AI across their companies; studios sued Midjourney in 2025 for infringement   —  The studios sued the AI image lab last year, accusing it of enabling massive infringement of their copyrighted characters. from Techmeme https://ift.tt/U8dcMyB via IFTTT
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A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption (Bloomberg)

Bloomberg : A look at the quant fund frenzy in China, as assets under management have more than doubled to ~$384B in less than a year amid rapid AI adoption   —  Quant funds in China have become so popular that they are being deluged with investors' money.  —  Ubiquant, one of the top players … from Techmeme https://ift.tt/NjUtJOQ via IFTTT
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Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal (Jeremie Eliahou Ontiveros/SemiAnalysis)

Jeremie Eliahou Ontiveros / SemiAnalysis : Meta could use its compute for its own models, ad scaling, SpaceX-like neocloud deals, and hosting 3rd-party models; it may be close to an Anthropic deal   —  Zuck Takes Plan B?  SpaceX 2.0, Bedrock 2.0, MSL Isn't Giving Up, Scaling RecSys by 10x... ClusterMAX ranking coming soon? from Techmeme https://ift.tt/ijIpTkQ via IFTTT
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Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout (M.G. Siegler/Spyglass)

M.G. Siegler / Spyglass : Meta getting into the cloud business has been inevitable for a long time, as it seeks to diversify beyond ad revenue and monetize its AI buildout   —  Their need to diversify the business meets the AI build out concerns...  Meta has a problem.  Well, two of them, actually. from Techmeme https://ift.tt/upm4g5F via IFTTT
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Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February (Bloomberg)

Bloomberg : Sources: ElevenLabs held early talks with investors on a secondary share sale for staff that would value the startup at ~$22B; it was valued at $11B in February   —  ElevenLabs has held early talks with investors to let employees sell shares in a secondary offering that would value … from Techmeme https://ift.tt/B3yRi9A via IFTTT
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UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed (Cate Lawrence/Tech.eu)

Cate Lawrence / Tech.eu : UK-based StirlingX, which develops secure data intelligence systems for defense and critical infrastructure, raised a $20M Series A, following a $11M seed   —  The UK company, which develops secure data intelligence systems for defence and critical infrastructure, will use the funding … from Techmeme https://ift.tt/PMQ3Ly9 via IFTTT
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Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient (Echo Wang/Reuters)

Echo Wang / Reuters : Sources: SoftBank has reopened talks for a $10B loan backed by its OpenAI stake and is offering to guarantee repayment if OpenAI collateral proves insufficient   —  SoftBank Group has reopened talks with a consortium of lenders for a $10 billion loan backed by its stake in OpenAI … from Techmeme https://ift.tt/XZUJOo5 via IFTTT
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