Wall Street Journal, September 12,

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Microsoft and OpenAI reached a tentative deal to ease tensions in their partnership. This agreement removes a major obstacle for the ChatGPT maker’s for-profit restructuring plans, which include a $100 billion endowment for nonprofits and a new ownership model with each company holding approximately 30% of the shares.

Paramount Skydance is preparing to bid for Warner Bros., with David Ellison's backing. Discovery is combining their legendary studios with streaming services such as HBO Max and Paramount+. However, the deal could face regulatory scrutiny, and it may preempt a bid war for Warner Bros' studio and streaming division.

Mark Carney, Canada's Prime Minister, is moving forward five major projects including LNG Canada’s second phase, a small modular reactor and streamlining regulations to reduce dependence on U.S. Trade.

OpenAI's deals with Oracle, Broadcom and other companies have raised market valuations. However, they also raised questions about how the startup would fund these massive commitments. It faces annual losses of billions and depends on AI adoption to reach projected revenues by 2028.

BuzzFeed relaunches its flagship YouTube Channel, BuzzFeed Video, as part of an overhaul of the business that focuses on humor, new voices and strategic shifts to social platforms, affiliate commerce and AI-driven initiatives.

(source: Reuters)