Cable giants Charter Communications and Cox Communications are merging in a $34.5 billion deal as the industry continues to contend with the impact of streaming services and related trends such as cord cutting. Charter and Cox are among the cable-based companies that have been focusing more on residential broadband businesses in recent years. The corporate name of the newly combined company will be Cox Communications, to be led by current Charter President and CEO Chris Winfrey, while Charter’s Spectrum cable and broadband will serve as the consumer-facing brand. The merger will involve $21.9 billion of equity and $12.6 billion of debt. Read more

Disney’s ESPN all-access streaming app, priced at $30 per month for an “unlimited” package, will roll out this fall. Those who subscribe as part of a Disney+ and Hulu ad-supported bundle will get all three services for $36 per month, discounted to $30 per month for customers who sign up at launch. Included in the new app — simply named “ESPN” — will be live NFL, NBA, college football and basketball games as well as programming from sister services ESPN2, the SEC Network and ESPN on ABC. The package will also feature new betting tie-ins, fantasy products, documentaries and studio programming. A “select” plan starts at $12 per month. Read more

CNN announced the planned fall launch of a new streaming direct-to-consumer service. Pricing and start date details have yet to be revealed, but network CEO Mark Thompson announced the new product Wednesday at the Warner Bros. Discovery Upfront in New York City. Thompson said the streaming service will be tied to a CNN.com subscription product. As with recent streaming launches from FOX and ESPN, CNN is taking care not to compete with its most lucrative customers, traditional cable providers, who will be able to pass through the new offering at no additional charge. Read more

Google has formally announced the launch of its AI Futures Fund to identify and invest in artificial intelligence startups. Participating startups will get early access to Google DeepMind’s latest models — Gemini, Imagen and Veo, “hands-on support from Google researchers” and Google Cloud credits. The AI Futures Fund has been ramping up these past several months, working with startups including Fal, Replit and Synthesia, among others. In identifying up-and-coming AI startups, Google is competing against Amazon and Microsoft who have aggressively pursued nascent firms, most notably Anthropic and OpenAI, respectively. Read more

TikTok AI Alive is a new image-to-video feature that can add sequential expression to selfies and add progressive hues to sunsets. Accessible through the platform’s Story Camera, AI Alive uses intelligent editing tools that give anyone, regardless of experience, “the ability to transform static images into captivating, short-form videos enhanced with movement, atmospheric and creative effects.” TikTok says it is prioritizing safety and transparency by adding a label to AI Alive stories, which will also have C2PA metadata embedded, traveling with the content even when it’s downloaded and shared elsewhere. Read more