The Rundown Netflix Adds Record Number of Subscribers, A New AI Superteam Enters the Race
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Jan 22, 2025 Netflix's impressive earnings and record-breaking subscriber growth spark a stock surge while the streaming giant strategizes on ad-tier subscriptions and pricing. The emergence of the Stargate Project marks a new AI superteam entering the tech race, raising the stakes of competition. In a twist, Ford's stock takes a hit after ByteDance's massive investment in AI. The conversation is rounded out with insights on making informed financial choices in a turbulent market.
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Netflix's Success
- Netflix added a record 19 million subscribers in Q4, exceeding 300 million globally.
- This success is attributed to popular content like Squid Games and their venture into live sports.
Netflix Price Hikes
- Netflix is raising prices on its ad and premium tiers in multiple countries including the US.
- The ad-supported tier accounts for over half of new subscribers.
New AI Superteam
- OpenAI, Oracle, and SoftBank are forming "Stargate Project" to invest $500 billion in AI infrastructure.
- Elon Musk expressed skepticism about their funding, highlighting potential drama.