IBM Nukes, Demis Govt Plan, Paramount WBD Deep Dive | Dylan Byers, Noah Schochet, Saam Motamedi, Ioannis Antonoglou, Jack Dent, Evan Burns & Jamie Seltzer, Tyler Page

The AI-driven transformation of industry and infrastructure dominates the current economic landscape. IBM’s recent stock decline highlights a significant shift in capital spending toward physical AI infrastructure, such as GPUs and networking, rather than traditional mainframe services. Regulatory scrutiny intensifies as Google DeepMind’s Demis Hassabis proposes a U.S.-led standards body for frontier AI models, while New York implements a moratorium on large-scale AI data centers. Media consolidation remains a focal point, with David Ellison’s acquisition of Warner Bros. Discovery facing political headwinds from state attorneys general. Simultaneously, innovation in construction robotics, led by companies like Terra Firma, aims to accelerate physical infrastructure development, while specialized AI models are revolutionizing molecular design in the pharmaceutical sector, shifting drug discovery from a multi-year manual process to a rapid, data-driven engineering discipline.