Warner Bros Says No to $108B, Tesla Hits Records on Falling Sales, and Amazon's $10B Check to Itself

Warner Bros just told Paramount to take a hike. Again.

Paramount made a $108 billion offer for the whole company—all cash, $30 per share. That's bigger than the Netflix deal Warner already signed. But Warner's board said no thanks. They called Paramount's financing "opaque" and stuck with Netflix.

Here's the thing. Netflix only wants the good stuff: Warner Bros studios and HBO Max. They're paying $82.7 billion for that. 

Paramount wanted everything, including the cable networks nobody wants anymore.

The real story? Warner's board doesn't trust where Paramount's money is coming from. Saudi Arabia, Qatar, Abu Dhabi. Even Jared Kushner's fund was involved until it backed out this week.

Warner says Netflix is safer. Shareholders get to decide, and some are already saying they'll ignore the board's advice and take the $30 cash.

This fight isn't over.

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Amazon talks about throwing $10 billion at OpenAI.

But wait. There's a catch. OpenAI would use that money to buy Amazon's Trainium chips and cloud services. So Amazon hands over $10 billion, OpenAI hands it right back for computing power.

Some call this circular financing. Others say it's just how things work now when you need that much computing power.

OpenAI already committed to spend $38 billion with Amazon over seven years. This new deal would push their valuation past $500 billion. 

The real winner here? Amazon's chip business. They're trying to compete with Nvidia, and landing OpenAI as a customer is huge.

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President Trump's media company just announced something nobody saw coming. They're merging with a nuclear fusion company.

TAE Technologies has been around since 1998, working on fusion energy. Now they're joining up with Truth Social in a $6 billion all-stock deal. Each side gets about half the combined company.

$DJT jumped 33% on the news. That's after falling 69% this year.

The pitch? Fusion power for AI data centers. These facilities need massive amounts of energy, and fusion could provide clean energy. But TAE hasn't built a single power plant.

Devin Nunes says they'll "quickly seek approvals" to build the first utility-scale plant. We'll see.

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Look at Micron's $MU earnings. Revenue: $13.6 billion. EPS $4.78 vs expectations of $3.95.

Next quarter, they're guiding to $18.7 billion in revenue. Analysts expected $14.2 billion. 

Why? AI memory chips. Specifically high-bandwidth memory that sits next to AI processors. Micron says they're completely sold out through 2026. 

$MU jumped 10%. Memory chip makers like SK Hynix and Samsung suddenly have a real problem, Micron is executing better and faster.

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Tesla stock closed at $489.88 this week. That's a new all-time high.

Here's the weird part. Car sales are down. Way down. November sales hit a four-year low. In Europe, sales are falling. In the U.S., Tesla's cheaper models are just eating into sales of their pricier ones.

So why is $TSLA ( ▼ 1.49% ) up? Robotaxis.

Elon Musk announced Tesla is testing fully driverless cars in Austin. No safety driver. No one in the front seat. Just the car driving itself around town.

Investors are betting Tesla becomes a software and AI company, not a car company. That's a bet on the future, not the present. Tesla trades at 318 times earnings. 

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Time magazine named the "Architects of AI" as 2025 Person of the Year.

The covers show tech leaders—Sam Altman, Jensen Huang, Elon Musk, Mark Zuckerberg, Lisa Su, and others.

Jensen Huang is leading the list.

Time says this is the year AI stopped being about the future and became the present. 

It's in schools, offices, and medical research. The technology's improving so fast that its capabilities double nearly twice a year.

But Time didn't ignore the tradeoffs. The energy drain. The job losses. The misinformation. The concentration of power among a few billionaires who collectively hold $870 billion in wealth.

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OpenAI might go public. Maybe in 2026. Or 2027. Nobody really knows.

OpenAI is in talks to raise $100 billion at a $750 billion valuation. That would be a 50% jump from their October valuation of $500 billion.

CEO Sam Altman has said an IPO is "the most likely path" given how much money they need. CFO Sarah Friar told people the target is 2027, but advisers think it could happen sooner.

They're spending more than they make—$7.8 billion spent in the first half of 2025 against $4.3 billion in revenue.

If this IPO happens at $1 trillion, it would be the largest in history. 

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