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Top stories today:
- Meta brings new AI “world model” to advance robotics, self-driving cars
- CPI, core CPI come in at 0.1% MoM, not showing strong tariff impact
- Disney, NBCUniversal sue Midjourney over copyright infringement
- OpenAI said to be in talks with PIF, Reliance, MGX on $40B deal
- Oracle Q4 FY25 revenue +11% YoY to $15.9B, topping estimates
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Meta launches new AI “world model” V-JEPA 2 to advance robotics, self-driving cars
30x faster than NVIDIA’s Cosmos model, per Meta.
Built on last year’s V-JEPA model, with improvements in understanding 3D surroundings and predicting the physical world.
Trained on 1M+ hours of video, which helped learn important patterns.
Reasons in a simplified “latent” space to understand how objects move, interact, and respond.
Reaching, picking up objects, and placing objects in new locations were among the tasks performed by robots using V-JEPA 2.
100% success rate in reaching objects, while 75% in picking-and-placing, and 45% in grasping, Meta said.
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3. CPI, core CPI come in at 0.1% MoM, not showing strong tariff impact
CPI: 0.1% MoM / 2.4% YoY in May, vs. 0.2% / 2.5% expected, from 0.2% MoM / 2.3% YoY in Apr.
Core CPI: 0.1% / 2.8%, vs. 0.3% / 2.9% expected, from 0.2% / 2.8%.
4. Disney, NBCUniversal sue Midjourney over copyright infringement
