Sam Altman is feeling the pressure. The OpenAI CEO sent a memo to his staffers on Monday outlining a “code red” effort to improve its chatbot ChatGPT, according to multiple reports. Altman said OpenAI will be pulling back on investments in areas like health, shopping and advertising as it works to prioritize ChatGPT, the reports…
Paramount Skydance, Comcast and Netflix formally submitted takeover offers for Warner Bros. Discovery this week ahead of a deadline for first-round offers, according to people familiar with the matter. Comcast, the parent company of NBCUniversal, bid solely for the film and streaming assets, which consists of the Warner Bros. studio and HBO Max, the people…
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair disclosed a stake in fellow broadcast station owner E.W. Scripps on Monday, in a move to push toward a merger of the companies. Sinclair, which acquired a roughly 8% position in Scripps per…
Nikolas Kokovlis | Nurphoto | Getty Images Alphabet and Disney on Friday announced that they’ve reached a deal to restore content from ABC and ESPN onto Google’s YouTube TV. The deal comes after a two-week standoff between the two companies that started on Oct. 31. The stalemate resulted in numerous live sporting events, including college…
US President Donald Trump speaks to reporters as he arrives at Palm Beach International Airport on Oct. 31, 2025 in West Palm Beach, Florida. Samuel Corum | Getty Images U.S. President Donald Trump is once again on the warpath against a major global media company, having threatened the BBC with a $1 billion lawsuit this…
Inter Miami CF forward Lionel Messi (10) scores a goal during the first half against the New England Revolution at Gillette Stadium. Paul Rutherford | Imagn Images Via Reuters Connect Major League Soccer is stepping onto a bigger stage next year, when all of its matches will find a new home on Apple TV. Beginning…
Stephen Curry #30 of the Golden State Warriors looks on during the game against the Sacramento Kings during the 2024 Play-In Tournament on April 16, 2024 at Golden 1 Center in Sacramento, California. Rocky Widner | National Basketball Association | Getty Images Under Armour and Stephen Curry have mutually agreed to end their 13-year partnership…
Emilija Manevska | Moment | Getty Images Artificial intelligence startup Cursor on Thursday announced it has closed a $2.3 billion funding round at a $29.3 billion post-money valuation, nearly triple what it was worth as of its last raise in June. Tune in at 4:30 p.m. ET as Cursor CEO Michael Truell joins “Closing Bell:…
Disney reported fiscal fourth-quarter earnings on Thursday that topped analyst expectations for earnings but missed on revenue as the company’s entertainment business was weighed down by its TV networks and a lackluster theatrical film slate. Disney stock fell more than 3% in premarket trading. Here is what Disney reported for the period ended Sept. 27,…
CoreWeave shares closed down 16% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer that hit full-year guidance in its latest earnings report. “Quite frankly, every single part of this quarter went exactly as we planned, except for one delay at a singular data center,” Intrator told CNBC’s “Squawk on the Street”…
