Stephen Carroll

That was more than analysts had expected.

Corweave had been raising billions to plough into new infrastructure, but some investors are starting to look cautiously at the amount of capital spending in the AI space.

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I'm Stephen Carroll.

Netflix has dropped out of the fight to buy Warner Brothers Discovery, clearing the way for rival bidder Paramount to clinch a $111 billion deal.

The streaming giant says while its offer would have passed muster with regulators and created shareholder value, it didn't want to keep bidding.

Bloomberg's Lucas Shaw says ultimately it came down to money.

Shaw added that the takeover fight has been contentious with both in Hollywood and in Washington.

After apparently losing the fight, Paramount launched a multi-pronged campaign offering more money and lobbying US President Donald Trump about the deal.

Anthropic has rejected the Pentagon's latest offer amidst a dispute over the use of its technology by the US military.

The move escalates an existing standoff just one day before a government deadline for the company to drop its restrictions or face severe consequences.

Anthropic CEO Dario Amadei says the firm cannot in good conscience accept the request in a statement released yesterday.

Arshi Siddiqui, a Democratic strategist and CEO of Bellwether Government Affairs, says the situation is unprecedented.

CEO of Bellwether Government Affairs, Archie Siddiqui.

Anthropic is insisting on two conditions for military use of its clawed AI tools.

It doesn't want its technology used to surveil U.S.

citizens or for autonomous lethal strikes without a human in the loop.

The U.S.