Pivot

OpenAI Trial "Soap Opera," ChatGPT's Stock Picks, and Remembering Ted Turner

with Kara Swisher and Scott Galloway
8 May 2026 4 min read 1h 5m
TL;DR

The episode covers Ted Turner's legacy in media, major earnings misses from entertainment giants, the accelerating Elon Musk vs. OpenAI legal drama, a strategic partnership between Anthropic and SpaceX, and whether ChatGPT can actually pick winning stocks—spoiler: the jury's still out.

Key Moments
Kara Swisher
“[No transcript — approximate] We're remembering Ted Turner this week, a guy who really changed the media landscape”
Opening segment reflecting on Turner's impact on media and broadcasting
Scott Galloway
“[No transcript — approximate] The earnings from Warner Bros. Discovery, Paramount, and Disney show these legacy media companies are really struggling”
Discussing weak earnings reports from major entertainment conglomerates
Kara Swisher
“[No transcript — approximate] The Elon Musk versus OpenAI trial is turning into a complete soap opera”
Commenting on escalating drama and messiness in the legal battle
Scott Galloway
“[No transcript — approximate] Anthropic teaming up with SpaceX is a really interesting move that signals where AI development is heading”
Analyzing the strategic implications of the Anthropic-SpaceX partnership
Kara Swisher
“[No transcript — approximate] ChatGPT picking stocks—it's an interesting experiment but you have to wonder if it actually works”
Questioning the viability of AI stock-picking capabilities
About the show
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Pivot is a weekly podcast hosted by Kara Swisher and Scott Galloway that dives deep into the week's biggest stories in tech, media, and business. The show combines sharp analysis, insider perspective, and occasional irreverence to decode what's really happening in Silicon Valley and beyond. Kara and Scott bring decades of experience covering startups, corporate strategy, and the intersection of technology and culture.
Takeaways
1
Media incumbents bleeding audience and credibility Major earnings misses from Warner Bros. Discovery, Paramount, and Disney signal that legacy media companies are struggling to compete with streaming and losing pricing power. Their inability to navigate the creator economy and AI disruption is eroding traditional media's moat faster than most expected.
2
Musk-OpenAI dispute explodes into legal theater The Elon Musk vs. OpenAI trial has escalated into public drama with increasingly messy allegations, drawing attention away from substantive governance questions about AI safety and corporate structure. This soap opera dynamic may ultimately distract from legitimate concerns about OpenAI's trajectory.
3
AI stock-picking remains speculative and unproven While ChatGPT and similar models can analyze financial data, their actual stock-picking performance lacks long-term track record evidence. Retail investors should be cautious about treating AI recommendations as reliable investment guidance without extensive backtesting and live performance data.