Netflix Backs Out of Bid for Warner Bros., Paving Way for an Ellison Takeover

Paramount Global CEO Jeff Shell resigned after an external review found no securities violations in his dispute with Las Vegas businessman Robert Cipriani. Shell’s departure follows an $111 billion Warner Bros. Discovery merger.

Elon Musk has revised his legal strategy in the high-stakes OpenAI lawsuit, proposing to waive all financial damages—potentially worth $134 billion—while seeking drastic corporate restructuring. The move aims to reframe the case around preserving OpenAI’s nonprofit mission amid allegations of miscon

Meta launched Muse Spark, its first AI model from the new Superintelligence Labs, claiming performance parity with top rivals like OpenAI and Google. However, the model is gated behind Meta’s own apps and APIs, raising questions about open innovation. The move follows a $14.3 billion investment in S