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Netflix Revenue Rises To $10.5 Billion Following Price Hike

2 months 1 week ago
Netflix's Q1 revenue rose to $10.5 billion, a 13% increase from last year, while net income grew to $2.9 billion. The company says it expects more growth in the coming months when it sees "the full quarter benefit from recent price changes and continued growth in membership and advertising revenue." The Verge reports: Netflix raised the prices across most of its plans in January, with its premium plan hitting $24.99 per month. It also increased the price of its Extra Member option -- its solution to password sharing -- to $8.99 per month. Though Netflix already rolled out the increase in the US, UK, and Argentina, the streamer now plans to do the same in France. This is the first quarter that Netflix didn't reveal how many subscribers it gained or lost. It decided to only report "major subscriber milestones" last year, as other streams of revenue continue to grow, like advertising, continue to grow. Netflix last reported having 300 million global subscribers in January. During an earnings call on Thursday, Netflix co-CEO Greg Peters said the company expects to "roughly double" advertising revenue in 2025. The company launched its own advertising technology platform earlier this month. There are some changes coming to Netflix, too, as Peters confirmed that its homepage redesign for its TV app will roll out "later this year." He also hinted at adding an "interactive" search feature using "generative technologies," which sounds a lot like the AI feature Bloomberg reported on last week. Further reading: Netflix CEO Counters Cameron's AI Cost-Cutting Vision: 'Make Movies 10% Better'

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Study Finds 50% of Workers Use Unapproved AI Tools

2 months 1 week ago
An anonymous reader quotes a report from SecurityWeek: An October 2024 study by Software AG suggests that half of all employees are Shadow AI users, and most of them wouldn't stop even if it was banned. The problem is the ease of access to AI tools, and a work environment that increasingly advocates the use of AI to improve corporate efficiency. It is little wonder that employees seek their own AI tools to improve their personal efficiency and maximize the potential for promotion. It is frictionless, says Michael Marriott, VP of marketing at Harmonic Security. 'Using AI at work feels like second nature for many knowledge workers now. Whether it's summarizing meeting notes, drafting customer emails, exploring code, or creating content, employees are moving fast.' If the official tools aren't easy to access or if they feel too locked down, they'll use whatever's available which is often via an open tab on their browser. There is almost also never any malicious intent (absent, perhaps, the mistaken employment of rogue North Korean IT workers); merely a desire to do and be better. If this involves using unsanctioned AI tools, employees will likely not disclose their actions. The reasons may be complex but combine elements of a reluctance to admit that their efficiency is AI assisted rather than natural, and knowledge that use of personal shadow AI might be discouraged. The result is that enterprises often have little knowledge of the extent of Shadow IT, nor the risks it may present. According to an analysis from Harmonic, ChatGPT is the dominant gen-AI model used by employees, with 45% of data prompts originating from personal accounts (such as Gmail). Image files accounted for 68.3%. The report also notes that 7% of empmloyees were using Chinese AI models like DeepSeek, Baidu Chat and Qwen. "Overall, there has been a slight reduction in sensitive prompt frequency from Q4 2024 (down from 8.5% to 6.7% in Q1 2025)," reports SecurityWeek. "However, there has been a shift in the risk categories that are potentially exposed. Customer data (down from 45.8% to 27.8%), employee data (from 26.8% to 14.3%) and security (6.9% to 2.1%) have all reduced. Conversely, legal and financial data (up from 14.9% to 30.8%) and sensitive code (5.6% to 10.1%) have both increased. PII is a new category introduced in Q1 2025 and was tracked at 14.9%."

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TSMC: The Second Most Profitable Company In The AI Revolution

2 months 1 week ago

The AI boom has been very, very good to Taiwan Semiconductor Manufacturing Co, which is positioned to do well if Nvidia continues with its hegemony over AI training and inference or if the rebel alliance forms behind AMD or if the hyperscalers and cloud builders dedicate a substantial portion of their capital budgets to etching and packaging homegrown compute engines. …

TSMC: The Second Most Profitable Company In The AI Revolution was written by Timothy Prickett Morgan at The Next Platform.

Timothy Prickett Morgan

Actors Who Sold AI Avatars Stuck In Black Mirror-Esque Dystopia

2 months 1 week ago
Some actors who sold their likenesses to AI video companies like Synthesia now regret the decision, after finding their digital avatars used in misleading, embarrassing, or politically charged content. Ars Technica reports: Among them is a 29-year-old New York-based actor, Adam Coy, who licensed rights to his face and voice to a company called MCM for one year for $1,000 without thinking, "am I crossing a line by doing this?" His partner's mother later found videos where he appeared as a doomsayer predicting disasters, he told the AFP. South Korean actor Simon Lee's AI likeness was similarly used to spook naive Internet users but in a potentially more harmful way. He told the AFP that he was "stunned" to find his AI avatar promoting "questionable health cures on TikTok and Instagram," feeling ashamed to have his face linked to obvious scams. [...] Even a company publicly committed to ethically developing AI avatars and preventing their use in harmful content like Synthesia can't guarantee that its content moderation will catch everything. A British actor, Connor Yeates, told the AFP that his video was "used to promote Ibrahim Traore, the president of Burkina Faso who took power in a coup in 2022" in violation of Synthesia's terms. [...] Yeates was paid about $5,000 for a three-year contract with Synthesia that he signed simply because he doesn't "have rich parents and needed the money." But he likely couldn't have foreseen his face being used for propaganda, as even Synthesia didn't anticipate that outcome. Others may not like their AI avatar videos but consider the financial reward high enough to make up for the sting. Coy confirmed that money motivated his decision, and while he found it "surreal" to be depicted as a con artist selling a dystopian future, that didn't stop him from concluding that "it's decent money for little work." Potentially improving the climate for actors, Synthesia is forming a talent program that it claims will give actors a voice in decision-making about AI avatars. "By involving actors in decision-making processes, we aim to create a culture of mutual respect and continuous improvement," Synthesia's blog said.

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