Skydance debuts on NYSE following media merger

Skydance has officially debuted on the New York Stock Exchange (NYSE) under the ticker symbol SKYD. This follows a merger involving Paramount and Warner Bros. Discovery. Chairman and CEO David Ellison described the move as a ‘historic’ moment for the industry, aiming to establish a next-generation global media and entertainment company through technology and creativity.

In separate market news, Snorkel AI has raised $350 million, bringing its valuation to $3.5 billion. The company focuses on data development for frontier model evaluation and training for AI labs and enterprises. CEO Alex Ratner noted the importance of advancing the science and technology behind data development within the AI research sector.