Welcome back to The Daily Courant, your afternoon compilation of Puck’s best new reporting.

First up today, Eriq Gardner digs into Ted Sarandos’s declaration that Netflix is “all in” on artificial intelligence, an announcement that landed alongside an internal memo touting the streamer’s commitment to “ethical A.I.” As Eriq notes, it’s a milestone in the town’s relationship with tech, but as the big studios partner with companies pushing the tech envelope (in ways that often end up in court), it’s only a matter of time before someone starts poking around and asking how these tools are being supervised…

Plus, below the fold: John Heilemann and former federal judge J. Michael Luttig dissect the feasibility of Trump’s third-term ambitions. Ian Krietzberg illuminates the chasm between A.I. hyperscaler spending and actual profits. Legendary fashion journalist Teri Agins weighs in on Michelle Obama’s enduring influence on the fashion industry. Marion Maneker rebuts the art media’s dour coverage of the market. And for Inner Circle members, Julia Alexander examines YouTube’s $100 billion leverage in their carriage dispute with Disney.

Meanwhile, on the pods: Lauren Sherman is joined by Derek Blasberg on Fashion People for a CFDA Fashion Awards postmortem. On The Town, Matt Belloni answers listener questions about Netflix’s theatrical ambitions, the WBD bake-off, the future of MTV, and more. And on The Powers That Be, Peter Hamby and Ian chart OpenAI’s evolution from an idealistic nonprofit to a profit-focused juggernaut.

HOLLYWOOD

As the technology quickly proliferates, studios are learning that it’s better to be safe than sorry and guidance is coming faster than you can say “compliance.” But will it be enough?

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WASHINGTON

A bracing conversation with conservative former federal appellate Judge J. Michael Luttig on why Trump teasing a third term is no joke.

A.I.

As the A.I. gold rush enters a new, more precarious phase—with hyperscalers like Microsoft, Amazon, Google, and Meta pouring hundreds of billions into data centers and chips to support “insatiable” demand—a handful of industry insiders weigh in on whether we’re actually entering bubble territory.

FASHION

Throughout the eight years she occupied the White House, the former first lady had an outsize influence on American fashion. A new book demonstrates how much work that took—and why it hasn’t happened with another first lady since.

ART

The gulf between how the art world operates and how the art press says it operates has never been wider. While journalists cry wolf and fixate on the treatment of artworks as mere financial assets, they are likely missing the point, and the opportunity. As it turns out, it may be a great time to buy.

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Nearly 95% of parents say Teen Accounts help them safeguard their teens online. And we’ll continue adding new protections, giving parents more peace of mind.

Explore our ongoing work to keep teens safe online.

SPORTS

The nearly week-old Disney–YouTube TV carriage dispute is arguably a microcosm of the broader challenges facing legacy mediacos as old-world distribution channels give way to streaming, and as social video eats the world.

FASHION

Lauren’s guest is New York Times bestselling author Derek Blasberg—also the author of the must-read newsletter And Another Thing—here to discuss this year’s CFDA Fashion Awards. The duo also get into the Baby2Baby gala circuit, the demise of Teen Vogue, and much more. Plus, Derek shares his thoughts on elastic-waist bottoms.

HOLLYWOOD

Matt opens up the mailbag for another Town Hall and answers listener questions about Disney turning down a Steven Soderbergh–penned Star Wars script, the possibility of Netflix and Comcast splitting Warner Bros. Discovery, whether Netflix will ever release movies in theaters, the best home for Warner Bros. from the perspective of the talent community, and what will happen to The Challenge and other MTV properties under David Ellison.

A.I.

Ian Krietzberg joins Peter to chart OpenAI’s journey from an idealistic nonprofit into a profit-hungry juggernaut, with Sam Altman now steering the company toward billions in A.I. revenue. Ian also shares fresh revelations from a recent deposition that sheds light on the OpenAI board’s failure to oust Sam Altman from the company two years ago.

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