Bloomberg Daybreak: US Edition NetFlix Streams to Record; Trump Widens Tariff Threats to China and Europe
Jan 22, 2025
Discover how a major streaming platform attracted nearly 19 million new subscribers, thanks to the return of beloved shows and live sports. In the political arena, Trump expands tariff threats to China and Europe while advocating for a $100 billion push in AI infrastructure. There's also a spotlight on how these economic policies may reshape global business and influence sectors like technology and banking. Plus, insights into the impact of AI on workforce planning and strategies for navigating succession in businesses.
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Netflix Growth Fueled By Hits And Sports
- Netflix added 18.9 million subscribers in Q4, its largest quarterly gain ever driven by returning hits and live sports.
- The company is raising prices, with the popular U.S. plan moving to $17.99 and ad-supported plans also increasing.
Stargate Aims To Mobilize Massive AI Capital
- President Trump announced a U.S. joint venture, Stargate, with SoftBank, OpenAI, Oracle and others to rapidly expand AI infrastructure.
- The project starts with $100 billion and plans to scale to at least $500 billion, with OpenAI overseeing operations.
Altman Praises U.S.-Centric AI Venture
- OpenAI CEO Sam Altman spoke beside the president praising the project and its U.S. focus.
- Altman said the venture could create hundreds of thousands of jobs and establish a new industry centered in the U.S.