Warner Bros Discovery has rejected Paramount's $30/share all-cash offer, citing a lack of guaranteed financing from the Ellison family. WBD also downplayed regulatory risks compared to its Netflix merger, as the focus shifts to whether Paramount will raise its bid further. 3m 59s

Warner Bros. Chair Samuel Di Piazza explains why the board favored a Netflix offer over the Ellison/Paramount bid. He cites "certainty of close" and cash-heavy terms, noting that Larry Ellison’s lack of a direct guarantee made his proposal less secure for the company. 3m 59s

eToro’s Lale Akoner notes a market rotation from tech to small-caps and cyclicals. She favors the S&P 600 and financials, citing rate cuts and strong earnings. Akoner also expects 2026 tax refunds to boost consumer-sensitive sectors, including homebuilders and regional banks. 6m 1s

Yann LeCun discusses his new startup AMI, focusing on world models. He argues LLMs won't reach human-level AI without physical grounding and advocates for objective-driven architectures. He rejects AI doomerism, favoring open research and engineering-based safety guardrails. 1h 50m 6s

Ilya Sutskever joins Dwarkesh Patel to discuss the shift from AI scaling to research at SSI. He views generalization as the core bottleneck for AGI and discusses aligning superintelligence with sentient life using a research philosophy rooted in simplicity and beauty. 1h 36m 3s

Sam Altman views writing as 'externalized thinking' used to clarify ideas. He explains how AI aids refinement and programming, but argues human storytelling remains vital. He also shares his analog note-taking habits and how clear thinking leads to clear communication. 47m 19s