Netflix has a gradual stream of recent subscribers. The corporate mentioned Tuesday it topped 200 million paying clients for the primary time after including a document 37 million in 2020. The streaming big’s continued progress comes within the midst of heightened competitors from tech giants and media conglomerates. A brand new rival, ViacomCBS Inc.’s Paramount+, is slated to launch in March and can exploit a key benefit media corporations have over their tech rivals: cross-promotion. Netflix shares surged 17% Wednesday.
Microsoft is betting large on driverless vehicles. The software program big on Tuesday joined a gaggle of corporations that can make investments greater than $2 billion in General Motors Co.’s driverless-car startup, Cruise. Underneath the phrases of the deal, Cruise will use Microsoft’s Azure cloud-computing platform to assist it roll out autonomous-vehicle providers. GM mentioned Microsoft can be its most well-liked cloud supplier and assist it streamline provide chains and roll out new digital providers to clients. In recent times, the tech big has been aggressively pushing its cloud-computing enterprise, the place it rents server capability and software program instruments to clients. Microsoft shares rose 1.8% Tuesday.
UnitedHealth Group Inc.