I don't get why they wanted to go all out on AI for this. I use Netflix, and a simple algorithm would already be an improvement: - If I watched a movie and gave it a thumbs down, don't recommend it - If I watched a movie - If I browsed over a movie 50 times, read the info, and still didn't play it, stop recommending it. - If I watched the last episode, remove the "new episodes" banner. WTF
The Netflix catalogue, and the movie rental/streaming ecosystem in general, was completely different when the AI challenge was going on. It was a DVD postal service. Your ratings mattered, and almost any movie you wanted was available. No one was bored scrolling Netflix trying to decide how to kill two hours before bed. They are clearly not using the ratings based automatic recommendations any more. It's not even rel…
The Netflix prize also put Netflix on the map in terms of being a company that solves hard problems. We are still talking about it today and you'd better believe it has inspired talented people to work at Netflix; they could easily blow $1M on recruiting people and have much less to show for it. It's why Netflix is part of "FAANG".
Reed Hastings genius is that he led Netflix through a number of transitions between fundamentally different businesses: he built a strong brand with the DVD-based business without permission from the studios, transferred that brand to streaming when the studios saw it as "free money". By the time the studios understood what it was worth Netflix decided it was cheaper to buy than rent. (just as a consequence of having more customers)
The new frontier is that they use your engagement data not just to "suggest" the next movie but to design movies that will keep you engaged.
It's a little bit scary with these services that are "all you can eat" games for $10 a month because you're giving up "voting with your dollar" but creating a trail of engagement that will be fed back into satisfying your narcissism. Taking screenshots and videos of games seems fun and harmless at first but somebody knows I had a big crush on Nikola and Chiara from Valkyria Chronicles 4.