Netflix revises all-cash offer for WBD

Netflix ups its bid with all cash. Sony is spinning off its legendary TV business with TCL. One of the biggest seed rounds I’ve ever heard of. Reels continues to win for Zuck. And let me introduce you to the “Assistant Axis” and what it might mean for AI.

• Netflix revises its offer for Warner Bros. Discovery. Now, it’s all cash (CNN)
• Sony’s TV business is being taken over by TCL (The Verge)
• An A.I. Start-Up Says It Wants to Empower Workers, Not Replace Them (NYTimes)
• Most of Instagram’s ads ran on Reels in 2025, data shows (CNBC)
• Anthropic Uncovers AI Personality Crisis as Models Secretly Switch Identities (eWeek)

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