9/25/24

Non-profit OpenAI now wants to give profit a go

Hours after OpenAI co-founder Mira Murati announced her surprise resignation, Reuters reports that OpenAI is moving forward with its plan to restructure itself from a non-profit to a very-much-for-profit company. The plan would wrest control of the company from the non-profit’s board, with which CEO Sam Altman has had a rocky relationship.

Altman stands to land a chunk of equity in the company—which makes ChatGPT— in the restructuring, according to the report.

OpenAI said that a non-profit entity would remain part of the new structure.

Exclusive: OpenAI to remove non-profit control and give Sam Altman equity

Altman stands to land a chunk of equity in the company—which makes ChatGPT— in the restructuring, according to the report.

OpenAI said that a non-profit entity would remain part of the new structure.

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Claire Yubin Oh

soup season

Shake Shack is launching a French onion soup... burger

The fast-casual chain will be hoping premium upsells can fatten up its profit margins.

Nia Warfield

24h

Paramount Skydance reportedly preparing an Ellison-backed Warner Bros. Discovery takeover bid, sending shares soaring

Paramount Skydance is preparing a majority cash bid for Warner Bros. Discovery, The Wall Street Journal reported, sending shares of both companies surging. The Journal’s sources say the deal is backed by the Ellison family, led by David Ellison.

WBD shares were up 30% on the report, while Paramount Skydance jumped 8%.

The offer would cover WBD’s entire business — cable networks, movie studios, the whole enchilada. That comes after WBD announced plans last year to split into two divisions: one for streaming and studios, the other for its traditional cable and TV assets. A recent Wells Fargo note gave WBD a price target hike, primarily because the analysts viewed it as a prime takeover candidate.

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Exclusive | Paramount Skydance Prepares Ellison-Backed Bid for Warner Bros. Discovery

If the deal goes through, it would bring together HBO, CNN, DC Studios, and Warner Bros.’ film library with Paramount+, Nickelodeon, and MTV, all under one umbrella.

Max Knoblauch

9/10/25

As tariffs take root, August new vehicle prices climb by the most in more than 2 years

According to data from Cox Automotive, 17 vehicle brands raised prices of their new vehicles by more than 3% in August.

Ford Issues Recalls On Some Of Its Mach-E Mustangs And Aviators

Nia Warfield

9/10/25

Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

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