Netflix Inc. co-founder Reed Hastings steps down as CEO after leading the company for more than two decades; he is succeeded by two long-time associates, Ted Sarandos (who was already co-chief) and Greg Peters. They have now provided details about the company’s future, including a proposal to end password sharing in many countries.
Peters, the new co-CEO confirmed that the vast majority of Netflix subscribers who use the service but do not pay for it will be forced to do so in the near future. In an interview with Bloomberg, he went on to say that the regulated password sharing would be implemented gradually, so the video streaming platform would not sacrifice the user experience even after it gets implemented.
He predicted that the event would not be well received by all, and that the company would have to deal with some irate customers. According to the CEOs, the company hopes to focus on developing countries such as India as it grows its subscriber base by 15 to 20 million.
Netflix launched a new advertising-supported tier in November. The ad tier’s performance has been mixed; it was Netflix’s least popular plan in its first month. However, the new tier resulted in a surge in new sign-ups on its first day and increased its share of Netflix sign-ups in December.
Netflix expressed satisfaction with its progress and said that the advertising tier has attracted new, cost-conscious customers. The majority of people who choose the advertising tier are new customers, not people downgrading from a more expensive plan, Bloomberg reported.
(Input from Bloomberg wire)
Mann ki Baat: India’s techade dream to be fulfilled by innovators, says PM Modi
PTI | | Posted by Ritu Maria Johny
Prime Minister Narendra Modi said on Sunday that domestic patent filings have outscored the country’s foreign patent filings as he expressed confidence that India’s dream of “techade” will be fulfilled on the strength of its innovators.
This underscores the country’s increasing scientific capabilities, he said in the first episode of ‘Mann ki Baat’ in the new year.
Modi has in the past used “techade” to describe the decade being dominated by technologies and India making most of it.
He said India’s rank in patent filling is seventh globally while it is fifth in trademark registration. India’s patent registration has risen by 50 per cent in the last five years, the prime minister said, noting that its ranking in the global innovation index has surged to 40 from below 80 in 2015.
“I am confident that India’s dream of techade will be fulfilled by its innovators and their patents,” he said.
The premier Indian Institute of Science had 145 patents in 2022 which is a rare record, Modi said.
In his address, Modi noted that this year’s Padma awards include a number of tribal people or those working for the community besides those who have strengthened the world of music.
He urged people to read about the winners and said their stories will inspire new generations.
Mann Ki Baat: E-waste can harm environment if not disposed, says PM Modi
Prime Minister Narendra Modi on Sunday called for a proper disposal of e-waste, saying it can become a great force to build a circular economy. During his first ‘Mann Ki Baat’ address of 2023, the prime minister cited a United Nations report which stated that 50 million tonnes of e-waste is being thrown every year.
“Can you imagine how much it is? Even if all commercial planes made in human history are weighed together, it will still be less than this e-waste. It is like, every second eight hundred laptops are being thrown away. About 17 types of precious metals can be extracted from this E-Waste through different processes”, he said.
“Therefore recycling of e-waste is no less than making gold from waste”, the prime minister said.
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“Whenever someone replaces their old device, it becomes necessary to keep in mind whether it is discarded properly or not. If E-Waste is not disposed, it can also harm our environment. If done carefully, it can become a great force in Circular Economy of Recycle and Reuse”, he added.
The prime minister also said that domestic patent filings in India have outscored the country’s foreign patent filings. He expressed confidence that India’s dream of ‘Techade’ will be fulfilled on the strength of its innovators.
Modi said India’s rank in patent filling is seventh globally while it is fifth in trademark registration. India’s patent registration has risen by 50 per cent in the last five years, the prime minister said, noting that its ranking in the global innovation index has surged to 40 from below 80 in 2015.
This 45-year-old Biotech CEO spends $2 million a year to be 18 again
Bryan Johnson is a California-based Biotech CEO, who is 45 going on 18…No, really. The entrepreneur, along with a team of 30 doctors, is on a mission to biohack youthfulness by spending over $2 million (approximately ₹16 crore) annually. According to a Bloomberg report, the experimental programme titled Project Blueprint consists of a strict vegan diet of 1,977 calories daily, high intensity exercise, consistent bedtime, regular ultrasounds, MRIs, colonoscopies and blood tests to make Johnson have the health of an 18-year-old. He even has a machine to monitor the number of erections at night, which are reportedly similar to a teenager’s.
His day starts with two dozen supplements and a green juice with creatine and collagen peptides, and tracking of his body fat, heart rate variations and blood glucose levels. He also dons blue-light-blocking glasses, which filter the brain-stimulating blue rays from electronic devices, two hours before hitting the sack.
The efforts to stop time in its tracks have shown early results with doctors saying the software CEO now has the heart of a 37-year-old, the skin of a 28-year-old, and the lung capacity of an 18-year-old, gum inflammation of a 17-year-old and a record reversal of at least 5 years overall.
Led by Oliver Zolman, a 29-year-old physician who aims to prove that humans can decrease the medical age of their organs by 25%, charges $1,000 hourly for the medical tests undertaken by Johnson.
The CEO of KernelCo, a startup that manufactures $50,000-apiece helmets that analyze brain signals, has also started a website called Rejuvenation Olympics which ranks 1750 people who are striving to reverse their age, with Johnson topping the charts.
In his 30s, after selling his company Braintree Payment Solutions to EBay for $800 million, his mental and physical health went for a toss due to the stressful lifestyle. He was inspired to chase youthfulness after battling depression and obesity. He now aspires for all his major organs — including brain, liver, kidneys, teeth, penis and rectum — to be as healthy as a teen’s.
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