Paramount is set to merge #streaming services Paramount+ with Showtime as the latest entrant in the ongoing streaming wars. They follow similar media companies in the streaming industry seeking cost-cutting measures and platform consolidation. ow.ly/eI3W104J0Sf

Shares in chip maker Nvidia Corp saw a soaring 25% surge, inching towards a monumental $1 trillion market value. As generative AI enters every product and service, the demand for the processors that run AI systems has exploded. ow.ly/3Gt7104IEsy

The Progress Partners team is thrilled to congratulate Bob Ivins for being appointed as Head of Data and Strategy at FreeTelly! We couldn’t be happier to be a part of your professional journey. #ProgressEIR

ICYMI - Wells Fargo agreed to pay $1B to settle a lawsuit for defrauding shareholders by overstating its progress in fixing the unlawful practices that hurt millions of customers — scandals that have now plagued the bank for over a decade. ow.ly/CoGW104I0xH

The Progress Partners team is thrilled to congratulate Zena Srivatsa Arnold for being appointed as Sephora’s new CMO! We couldn’t be happier to be a part of your professional journey. #ProgressEIR

The Progress Partners team is headed to Denver for StreamTV Show from June 12th-14th! Our very own Managing Director Bob Ennis will be sharing insightful conversations with streaming television industry peers. Let us know if you’re around!

As the threat of AI replacing jobs looms, Hollywood screenwriters walked out for the first time in 15 years, bringing production to a halt. Historically undervalued, they’re making demands to avoid the prospect of being cut out of the industry entirely. ow.ly/vw58104GsUV

EIR Seth Schachner shared his thoughts around AI-generated songs and their potential impact on the music industry with Fox News, consolidating his commitment to building value for the digital future as a #ProgressEIR. ow.ly/fSMU104FzyZ

Seeking market share among other big-box retailers, Ikea plans to invest $2.2 B in its omnichannel growth strategy. The company hopes to maximize convenience for shoppers across the U.S. by focusing on complementary online and in-store retail experiences. ow.ly/qkOK104FzyW

ICYMI - Last week, Apple launched its savings account with a 4.15% interest rate. The tech giant partnered with Goldman Sachs in its latest effort to break into the financial-services space. Yahoo Finance analyzes the new account and its top competitors. ow.ly/rRrY104EKPn

Progress Partners is thrilled to welcome our newest Executives-In-Residence (EIR) cohort: Ed Keller, Nancy Beall, Chris Carlson, Brad Hafer, Shivan Durbal, and Joanna O’Connell. We’re excited to work with them to continue building value for the digital future!

ICYMI - Our very own Founder and SMD, Nick MacShane, shared his experience with @finalis around working with pioneering internet companies and the challenges of building value for the digital future. ow.ly/A31Z104Eus1

Last week marked the end of our spring internship program with informative presentations on topics to watch in the financial industry. Their research on retail AI, hospital software, and Web3 & Blockchain was extraordinary. Great job, interns!

ICYMI - Hoping to broaden viewership, HBO Max will soon be replaced by new streaming service “Max,” a merger of HBO’s scripted dramas and Discovery’s reality shows. @NYT shares details around the latest entrant in the ongoing streaming wars. ow.ly/zSci104E4Ne

After failing to secure funding, Virgin Orbit has filed for bankruptcy. The satellite launch company, worth $3.5 B in market value at its peak, lost its financing after an unsuccessful high-profile launch that followed an unreliable launch format. ow.ly/9GZR104CEEY

ICYMI... Two weeks after announcing the acquisition of Credit Suisse, UBS Group confirms the return of Swiss Sergio Ermott as CEO as part of its strategy to integrate Credit Suisse and to "serve Switzerland's interests." ow.ly/j2UP104BhVe

As we wrap up Women’s History Month, we’re reminded of the invaluable role women hold in all industries, including ours. We must continue tackling our biases by encouraging gender diversity and equity every day, not only in March.

Ending years of conflict with foreign shareholders, Toshiba has accepted a $15.2 B buyout offer, taking the scandal-ridden company private and under full Japanese control after facing prolonged pressure from overseas investors to consider privatization. ow.ly/TbTr104ACSs

ICYMI - How SVB's collapse will impact the broader marketing sector from our own Senior Managing Director Chris Legg. ow.ly/EmWm104yCAt

After years of rapid revenue pursuit and spending, Salesforce has entered an era of careful spending. The new measures, including job cuts and reducing its real estate footprint, saw the company greater profitability and a surge in shares. ow.ly/pLQj104yKca