Less than a year ago, Skydance Media closed its $8 billion merger with Paramount, making the Trump-friendly Ellison family—billionaire Oracle founder Larry and his son David, CEO of Paramount Skydance—among the most powerful media moguls in the country. A looming Paramount Skydance merger with Warner Bros. Discovery would expand their empire even further.
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But Dorsey’s statement comes as companies are still in the early stages of AI adoption. A 2025 McKinsey report found that most firms are still experimenting with AI implementation, and nearly two-thirds have yet to scale the technology. Moreover, a recent survey of 6,000 CEOs and other executives of firms across the U.S., the U.K., Germany, and Australia from the National Bureau of Economic Research found that AI has yet to show any major impact on their operations.
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