SUN VALLEY, IDAHO - JULY 09: Lachlan Murdoch, Chairman of News Corp and Executive Chairman and CEO of Fox Corporation, and his wife Sarah Murdoch attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July , 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 09: Chairman of OpenAI Bret Taylor attends at the Sun Valley Lodge for the Allen & Company Sun Valley Conference on July 9, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 09: Evan Spiegel, CEO of Snap Inc., and his wife Miranda Kerr attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 09: Bret Baier, Chief Political Anchor of Fox News, and his wife Amy Baier attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

SUN VALLEY, IDAHO - JULY 09: Evan Spiegel, CEO of Snap Inc., and his wife Miranda Kerr attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)

CHICHESTER, ENGLAND - JULY 09: Adrian Newey the former Chief Technology Officer at Red Bull Racing and designer of the RB17 drives the RB17 on a display run during the Goodwood Festival of Speed at Goodwood Motor Circuit on July 09, 2026 in Chichester, England. (Photo by Simon Galloway/Getty Images)

CHICHESTER, ENGLAND - JULY 09: Adrian Newey the former Chief Technology Officer at Red Bull Racing and designer of the RB17 drives the RB17 on a display run during the Goodwood Festival of Speed at Goodwood Motor Circuit on July 09, 2026 in Chichester, England. (Photo by Simon Galloway/Getty Images)

SUN VALLEY, IDAHO - JULY 09: Alex Norstrom, CEO of Spotify, and Judith Wolst, attend the Allen & Company Sun Valley Conference at the Sun Valley Lodge on July 9, 2026 in Sun Valley, Idaho. Every year, some of the world's wealthiest and most powerful figures from the media, finance, technology, and political spheres converge at the Sun Valley Resort for the exclusive week-long conference hosted by boutique investment bank Allen & Co. (Photo by Kevin Dietsch/Getty Images)