Group 1 - OpenAI is in discussions to raise at least $10 billion from Amazon, potentially valuing the company at over $500 billion and adopting Amazon's Tranium chip [1][2] - Whimo, the self-driving car company owned by Alphabet, is planning to raise $15 billion in funding, aiming for a valuation of up to $110 billion [2] - Warner Brothers Discovery intends to recommend its shareholders reject Paramount's hostile takeover offer and support its existing deal with Netflix [3] Group 2 - Spirit Airlines has revived merger talks with Frontier Airlines, with a potential deal announcement expected soon [4] - Robinhood has introduced new prediction market features for users to place bets on NFL games, positioning itself against traditional sportsbooks [5] - Medline has priced its IPO at $29 per share, raising $6.3 billion, making it the largest offering of the year and giving it a valuation exceeding $50 billion [5][6]
The Wrap-Up for Wednesday, December 17