The Sun Valley conference put on by Allen & Co., known as "summer camp for billionaires," is where deals are made and presumably diamond-crusted marshmallows are roasted.

The gathering of tech and media moguls comes at a highly chaotic time, with artificial intelligence in full force and President Donald Trump making unpredictability the only constant. For instance, Shari Redstone, fresh off of paying Trump $16 million to make the CBS lawsuit go away, will likely be a common talking point -- and she isn't even going. 

One executive likely to fly in smiling is Warner Bros. Discovery's David Zaslav, whose likely to be basking in the positive reviews for his make-or-break "Superman." It's sitting at 87% on Rotten Tomatoes and our own William Bibbiani calls it a "breathless epic." 

Roger Cheng
Managing Editor of Business and PRO
roger.cheng@thewrap.com

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AS BILLIONAIRES CONVERGE, EXPECT AI AND TRUMP 2.0 TO DOMINATE SUN VALLEY

Oh, to be a fly on the wall at Sun Valley this year. 

The conference has traditionally been known as a place where deals get made -- or at least the genesis of deals -- but this year you can expect AI to dominate the conversation. Remember when companies said they weren't quick to replace your jobs with AI? That's largely gone by the wayside as generative AI systems start to mature and businesses get much bolder about using the technology. 

One potential source of friction: Both Meta CEO Mark Zuckerberg and OpenAI CEO Sam Altman will be in attendance. Zuckerberg has spent big bucks to poach talent from OpenAI, so there could be some tense moments at the event. 

While tech executives have fully embraced AI, it's still a touchy subject in Hollywood, which is why those conversations at Sun Valley could hold big ramifications down the line. Other bigwigs attending include Disney CEO Bob Iger, Fox Chairman Rupert Murdoch and Netflix co-founder Reed Hastings. 

DON'T MISS

Walt Disney's proposed $10 billion theme park in Abu Dhabi gives the company a new market to tap into, while strengthening the region's ties to the entertainment world. On paper, it seems like an easy win-win.

But some critics have pointed to the laws in the UAE that criminalize same-sex activity as proof that Disney is going back on one of its key priorities of inclusiveness. Then there are the questionable labor practices employed in the region. 

As with everything in the Middle East, nuance and details matter, and not every issue is so cut and dry. Check out Drew Taylor's story to learn more about the unique business structure behind the park, what Disney has said and how some in the gay community have responded. 

CATCH UP

Look Up: In TheWrap review, Bibbiani says "Superman" reboots the DC universe the right way while embracing strange, wonderful and intricate ideas 

Ratings: It only took two weeks for "Squid Game" to become the third biggest non-English Netflix show ever

For Sale: Disney and Hearst are exploring the sale of A+E Networks, History Channel and Lifetime as cable channels continue to struggle

Extension: Paramount-Skydance merger triggers a second 90-day extension as it awaits FCC approval

IN OTHER NEWS...

Amazon has turned Prime Day into Prime Week in a bid to lure shoppers amid worsening consumer confidence and waning interest its deals (Wall Street Journal)

In the wake of the Boston Celtics' $6.1 billion sale, CNBC calculated the value of the top 20 sports empires (CNBC)

Media analyst Doug Shapiro explains why even smart people can miss the glaring disruptive thing in front of them (The Mediator)

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