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)

Summary

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.

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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)
• 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)
• 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)
• Instagram has been running ads promoting child sexual abuse material in India, with terms like "rape video" and "child video" and linking to Telegram channels (Divya Arya/BBC)
• An interview with Sriram Krishnan, who says "there will not be an FDA for AI" under Trump, blames the AI backlash on the industry's "doomer" messaging, and more (Financial Times)
• Texas AG Ken Paxton opens an investigation into StubHub following complaints of last-minute ticket cancellations for FIFA World Cup matches (Giles Turner/Bloomberg)