Less than a year ago, Skydance Media closed its $8 billion merger with Paramount, making the Trump-friendly Ellison family—billionaire Oracle founder Larry and his son David, CEO of Paramount Skydance—among the most powerful media moguls in the country. A looming Paramount Skydance merger with Warner Bros. Discovery would expand their empire even further.
The most obvious trend is continued growth in AI search usage. As more people discover tools like ChatGPT, Claude, and Perplexity, and as these tools improve their interfaces and expand capabilities, the percentage of information-seeking behavior flowing through AI models will increase. This doesn't necessarily mean traditional search engines will disappear, but it does mean the traffic pie is being redivided, with AI search claiming an expanding slice.
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The firm also beat analyst's forecasts as sales for the last three months of its financial year jumped by 73% compared to 12 months earlier.
Walmart becomes first retailer to hit $1tn market value