This episode of the FT News Briefing covers a range of key business and financial developments, including Netflix's record subscriber growth, the stock market's reaction to Donald Trump's inauguration, ByteDance's massive investment in AI chips, and growing skepticism towards China's economic growth claims.
Netflix saw a record-breaking surge in subscribers during the fourth quarter, adding a staggering 19 million new users. This impressive growth was largely attributed to the company's foray into live sports, a move that has proven to be highly successful in attracting and retaining viewers. Meanwhile, on Wall Street , stocks experienced a significant rally in the aftermath of Donald Trump 's inauguration.
Investors were closely scrutinizing Trump's executive orders, seeking clues about his economic policies and their potential impact on the market.Adding to the global business landscape, ByteDance, the parent company of TikTok, announced plans to invest a whopping $12 billion in artificial intelligence (AI) chips by 2025. This ambitious investment underscores the growing importance of AI in the tech industry and ByteDance's commitment to staying at the forefront of innovation. In China, however, concerns are mounting over the government's official economic growth claims. Citizens are expressing increasing skepticism about the accuracy of these figures, suggesting a lack of confidence in the government's ability to deliver on its promises.
NETFLIX SUBSCRIBER GROWTH WALL STREET DONALD TRUMP BYTEDANCE AI INVESTMENT CHINA ECONOMIC GROWTH
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