Pivot OpenAI Trial "Soap Opera," ChatGPT's Stock Picks, and Remembering Ted Turner
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May 8, 2026 They reminisce about Ted Turner and trace how cable news shifted into spectacle. They unpack big streaming earnings from Warner, Paramount, and Disney and debate what those numbers mean. They cover Anthropic’s surprise tie-up with SpaceX and the messy legal drama around Elon Musk and OpenAI. They also question how well ChatGPT can pick stocks and whether retail investors can compete with institutional AI.
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Kara's Bergen Trip With Goats And Media Takeaways
- Kara describes being in Norway (Bergen) for Nordic Media Days, enjoying fjords, seafood, a funicular, and goats on a mountain top.
- She uses the visit to contrast European attitudes toward America and tech, noting media people there worry about Trump and view tech more negatively.
Europe's Startup Funding Gap Persists Beyond Seed
- Europe lags the US in late-stage capital formation despite strong seed incentives like UK tax credits, which limits its ability to scale companies like Anthropic or SpaceX.
- Scott contrasts $250 billion potential IPOs for three US firms with only $2.4 billion raised in UK markets last year to illustrate the gap.
Ted Turner Built CNN With Public Service Intent
- Ted Turner created 24/7 cable news to democratize news and built CNN from scratch, but the model morphed into sensationalism driven by ratings rather than his original public-service intent.
- Scott and Kara cite Turner’s billion-dollar UN gift, Goodwill Games, and early CNN figures like Bernard Shaw as evidence of his civic-minded, athletic, and philanthropic legacy.