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News

Reported Earlier, Gran Tierra Energy Secures $75M Credit Facility To Enhance Liquidity And Operational Flexibility

President Donald Trump joined preliminary tariff negotiations with Japanese officials on Wednesday, calling the discussions a &#8220;great honor&#8221; and claiming &#8220;big progress&#8221; as the two economic powers navigate contentious trade issues.
What Happened: Japan, facing a 10% baseline tariff and 25% duties on cars, auto parts, steel, and aluminum, is among the first countries to formally begin negotiations after Trump imposed tariffs on <a href="https://www.benzinga.com/markets/25/04/44781719/us-stock-futures-nikkei-climb-on-trumps-electronics-tariff-pause-iphone-parts-makers-surge-in-tokyo">global imports earlier this month</a>.
&#8220;President Trump has stated that he wants to give top priority to the talks with Japan,&#8221; Japanese Prime Minister Shigeru Ishiba said in Tokyo after the meeting, reported Reuters, while cautioning that &#8220;negotiations will not be easy going forward.&#8221;
<figure class="wp-block-image aligncenter size-large is-resized"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17015016/Screenshot-2025-04-17-at-6.49.24%E2%80%AFAM-1024x279.png" alt="" class="wp-image-875695" style="width:596px;height:auto" /></figure>
The talks come as Japan reported a $63 billion trade surplus with the United States for its fiscal year through March, according to Japan&#8217;s Finance Ministry. This growing imbalance has long frustrated Trump, who claims U.S. businesses have been &#8220;ripped off&#8221; by foreign trade practices.
See Also: <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44855681/bitcoin-ethereum-dogecoin-steady-amid-stock-meltdown-as-fed-chair-jerome-powell-signals-crypto-rules-relaxation-popular-analyst-identifies-key-support-level-for-eth">Bitcoin, Ethereum, Dogecoin Steady Amid Stock Meltdown As Fed Chair Jerome Powell Signals Crypto Rules Relaxation: Popular Analyst Identifies Key Support Level For ETH</a>
Why It Matters: U.S. Treasury Secretary Scott Bessent has emphasized a &#8220;first mover advantage&#8221; for countries willing to quickly negotiate, noting more than 75 nations have requested <a href="https://www.benzinga.com/government/regulations/25/04/44812727/bessent-says-tariffs-on-china-are-far-from-a-joke-dismisses-treasury-dumping-fears">talks since Trump&#8217;s tariff announcement</a>.
The 90-day partial pause on the higher tariffs provides a limited window for agreement. 
Italian Prime Minister Giorgia Meloni heads to Washington on Thursday for similar tariff discussions, with South Korea scheduled for talks next week.
Read Next: 
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<li><a href="https://www.benzinga.com/25/04/44855538/cathie-woods-crypto-shuffle-pours-5-2-million-into-newly-listed-solana-staking-fund-dumps-bitcoin-etf-and-buys-robinhood-dip">Cathie Wood&#8217;s Crypto Shuffle: Pours $5.2 Million Into Newly Listed Solana Staking Fund, Dumps Bitcoin ETF And Buys Robinhood Dip</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock

Government

Economics

Trump Joins Japan Tariff Talks, Calls Progress 'Big' As $63 Billion Trade Surplus Looms

Guidance for full-year 2025
Group revenues expected in the range of € 840 - 880 m (2024: € 797.0 m)
R&amp;D expenditures are expected in a range of € 40 - 50 m (2024: € 50.8 m)
Adjusted Group EBITDA is expected to reach € 30 - 50 m (2024: € 22.6 m)
Outlook 2028
Group revenues CAGR 2024-2028 targeted to be in a range of 8 - 12 %
Adj. EBITDA margin 2028 expected to be above 20 %

Earnings

Guidance

Evotec 2025 Outlook: Revenues To Grow 5%-10%, Reaching €840M-€880M (Vs. €879.457M Est.), Sees Adj. EBITDA Of €30M-€50M; For 2028 Outlook, Expects 8%-12% CAGR And An EBITDA Margin Above 20%

Macro Economic Events

Econ #s

Germany Producer Price Index (MoM) For March -0.7% Vs. -0.1% Est.; -0.1% (Revised) Prior

Evotec (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) reported quarterly losses of €(1.11) per share which missed the analyst consensus estimate of €(0.75) by 48 percent. This is a 136.17 percent decrease over losses of €(0.47) per share from the same period last year. The company reported quarterly sales of € 797.00 million which missed the analyst consensus estimate of € 801.87 million by 0.61 percent.

Earnings Misses

Evotec FY 2024 GAAP EPS €(1.11) Misses €(0.75) Estimate, Sales €797.00M Miss €801.87M Estimate

Bhutan is contemplating the use of its hydropower resources for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining to stimulate its economy without compromising its environmental goals.
What Happened:  In an interview with Reuters on Tuesday, Ujjwal Deep Dahal, CEO of Bhutan&#8217;s sovereign wealth fund, Druk Holding and Investments Ltd., revealed the Himalayan nation&#8217;s intentions for green cryptocurrency mining, referring to coins produced using clean and renewable energy sources.
Dahal said that each digital coin mined in Bhutan using hydropower effectively &#8220;offsets&#8221; a coin mined using fossil fuels.
See Also: <a href="https://www.benzinga.com/25/04/44621245/gold-backed-cryptos-match-yellow-metals-highs-following-trumps-liberation-day-shock"></a><a href="https://www.benzinga.com/25/04/44831018/cathie-wood-declares-financial-services-revolution-after-data-shows-decentralized-finance-surpassing-traditional-banking-system">Cathie Wood Calls It &#8216;Financial Services Revolution&#8217; After Ark Analyst Highlights DeFi&#8217;s Dominance Over Traditional Banking System</a>
Since 2019, the sovereign wealth fund, which controls Bhutan&#8217;s only power generation utility, has been incorporating cryptocurrencies into its portfolio, Dahal added. As of this writing, it owns a Bitcoin stash worth over $646, <a href="https://intel.arkm.com/explorer/entity/druk-holding-investments" target="_blank" rel="noreferrer noopener">according</a> to blockchain analytics platform Arkham, making it a bigger holder than <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/43738696/el-salvadors-bitcoin-president-nayib-bukele-meets-michael-saylor-to-accelerate-adoption">El Salvador</a>.
Bhutanese officials were also considering the possibility of large conglomerates purchasing Bhutan&#8217;s &#8220;green&#8221; coins to fulfill their environmental, social, and governance norms, the report noted. 
Apart from cryptocurrency mining, Dahal emphasized that training Bhutan&#8217;s youth&nbsp;in blockchain and artificial intelligence technology&nbsp;could fuel job growth in the country. 
Notably, Bhutan recorded a youth unemployment rate of 19% in 2024, up from 15.9% in 2023, according to government statistics.
Why It Matters: Leading officials in the Bhutan government have been actively endorsing hydro-powered Bitcoin mining as a viable and eco-friendly venture.
Bhutan&#8217;s Prime Minister Tshering Tobgay <a href="https://www.benzinga.com/25/04/44805594/bhutans-bitcoin-bet-prime-minister-explains-how-crypto-curbed-civil-service-exodus">deemed it a &#8220;simple, strategic choice,&#8221;</a> capable of delivering billion-dollar returns.
Earlier in January,&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42892791/bhutans-special-administrative-region-announces-strategic-reserve-consisting-of-bitcoin-ethereum-bnb-coin-bhutan-is-open-to-other-cryptos-says-changpeng-cz-zhao" target="_blank" rel="noreferrer noopener">a special administrative region</a>&nbsp;in the country announced that it would hold a multi-cryptocurrency strategic reserve, consisting of Bitcoin, Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), to boost its economic resilience.
Price Action: At the time of writing, Bitcoin was exchanging hands at $84,390.03, up 1.16% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA.." target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://benzinga.com/markets/cryptocurrency/25/04/44603859/bitcoin-braces-for-trump-tariff-announcement-short-term-optimism-has-the-upper-hand-experts-say" target="_blank" rel="noreferrer noopener">Bitcoin Braces For Trump Tariff Announcement: &#8216;Short-Term Optimism&#8217; Has The Upper Hand, Experts Say &#8211; Benzinga</a></li>
</ul>
Photo Courtesy: Framalicious On Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.<a href="https://www.benzinga.com/apis?utm_source=benzinga.com&amp;utm_campaign=article-bottom" rel="noreferrer noopener" target="_blank"></a>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

$BTC

$ETH

$SOL

Bhutan Flexes Hydropower For Bitcoin Mining, Explores Sale Of 'Green' Coins

On Wednesday, in the <a href="https://www.benzinga.com/tech/25/04/44780047/mark-zuckerbergs-empire-in-jeopardy-as-meta-faces-antitrust-battle-in-court">ongoing antitrust trial</a> against Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), former COO Sheryl Sandberg testified about the company's efforts to block advertisements from potential competitors like Alphabet Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) Google Plus, KakaoTalk, and LINE.
What Happened: During the trial, Sandberg addressed internal communications from 2011 and 2012 that the Federal Trade Commission (FTC) claims show Meta's efforts to block competitors from advertising on its platform, <a href="https://www.washingtonpost.com/technology/2025/04/16/meta-sheryl-sandberg-ftc/">reported</a> the Washington Post.
The FTC's lawyer, Susan Musser, questioned Sandberg about an email she sent to staff after Google launched Google Plus, in which she acknowledged that the new platform was Meta&#8217;s &#8220;real competition.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/25/04/44778760/netflix-debuts-openai-backed-search-engine-that-lets-you-discover-movies-and-tv-shows-based-on-emotions-not-just-titles" target="_blank" rel="noreferrer noopener">Netflix Debuts OpenAI-Backed Search Engine That Lets You Discover Movies And TV Shows Based On Emotions, Not Just Titles</a>
Sandberg explained that her comments were intended to "rally the troops" in response to a much larger tech company launching a product strikingly similar to Facebook.
When questioned by Meta's lawyers, she added that she believed Meta faced other competitors both then and now, naming platforms like YouTube, Pinterest (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>), and eventually TikTok.
Earlier in the day, Zuckerberg <a href="https://www.benzinga.com/25/04/44807557/mark-zuckerberg-proposed-wiping-all-friends-connections-and-make-users-start-again-to-keep-facebook-culturally-relevant-antitrust-trial-reveals">returned to the witness stand</a> for the third time in as many days. He admitted that Meta's short-form video feature, Reels, is "pretty good," but quickly pointed out that TikTok still outpaces both Facebook and Instagram combined.
Subscribe to the&nbsp;<a href="https://bztechtrends.beehiiv.com/subscribe" target="_blank" rel="noreferrer noopener">Benzinga Tech Trends newsletter</a>&nbsp;to get all the latest tech developments delivered to your inbox.
Why It&#8217;s Important: The trial also revealed confidential conversations between Sandberg and Zuckerberg during their deliberations over the <a href="https://www.benzinga.com/markets/equities/24/04/38163559/if-you-invested-1000-in-meta-platforms-when-mark-zuckerberg-acquired-instagram-for-1b-in-2012-he">$1 billion purchase of Instagram</a>.
In a text message from spring 2012, Zuckerberg asked Sandberg if she believed the price was excessive, to which she replied, &#8220;Yes.&#8221;
When questioned by a Meta attorney about whether she still held that view, Sandberg said, "I think I was wrong. I think I was very wrong."
The FTC&#8217;s case against Meta is rooted in <a href="https://www.benzinga.com/25/04/44821791/meta-platforms-used-buy-or-bury-strategy-to-monopolize-social-media-ftc-says">allegations of a &#8220;buy or bury&#8221; strategy</a>.&nbsp;
The trial also revisited Meta&#8217;s past acquisition attempts, such as the $6 billion offer to acquire Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>), <a href="https://www.benzinga.com/25/04/44832468/snapchat-rejection-resurfaces-as-mark-zuckerberg-defends-meta-in-ftc-trial-and-the-tech-mogul-still-thinks-he-couldve-done-it-better-we-would-have-accelerated-their-growth">which Zuckerberg defended</a>.
Price Action: On Wednesday, Meta shares dropped 3.68%, ending the trading day at $502.31, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
The company currently holds a momentum score of 55.37% and a growth score of 74.89%, based on <a href="https://www.benzinga.com/quote/META">Benzinga's exclusive Edge Rankings</a>.
<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Click here to see how Meta stacks up against</a> Snapchat, Alphabet, and other leading tech firms.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/quote/META"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17012650/Screenshot-2025-04-17-at-10.56.44%E2%80%AFAM.png" alt="" class="wp-image-875668" /></a></figure>
Read More:
<ul>
<li><a href="https://benzinga.com/news/25/04/44735140/most-people-dont-have-the-balls-to-do-it-says-mark-cuban-praising-musk-for-going-all-in-with-his-own-money-f" target="_blank" rel="noreferrer noopener">‘Most People Don't Have The Balls To Do It,' Says Mark Cuban, Praising Musk For Going ‘All In' With His Own Money For His Startups</a></li>
</ul>
Photo Courtesy: Markus Wissmann on Shutterstock.com
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Legal

Tech

Media

GOOG

GOOGL

PINS

SNAP

Sheryl Sandberg Testimony In Meta Antitrust Trial Touches On Efforts To Stifle Ads From Google Plus, KakaoTalk — Mark Zuckerberg Says TikTok Bigger Than Facebook, Instagram Combined

Great Southern Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GSBC#NASDAQ">GSBC</a>) reported quarterly earnings of $1.47 per share which beat the analyst consensus estimate of $1.27 by 15.75 percent. This is a 30.09 percent increase over earnings of $1.13 per share from the same period last year. The company reported quarterly sales of $49.33 million which beat the analyst consensus estimate of $48.76 million by 1.18 percent. This is a 10.08 percent increase over sales of $44.82 million the same period last year.

Earnings Beats

GSBC

Great Southern Bancorp Q1 2025 GAAP EPS $1.47 Beats $1.27 Estimate, Sales $49.33M Beat $48.76M Estimate

TikTok&#8216;s U.S. public policy chief, Michael Beckerman, is leaving his Washington-based role to transition to a global advisory position.
The departure comes as President Donald Trump recently <a href="https://benzinga.com/25/04/44655624/trumps-tariff-hike-pushes-back-tiktok-us-deal-as-china-opposes-the-sale-extending-the-deadline-for-bytedances-divestment">extended the deadline for ByteDance&#8216;s sale</a> of TikTok&#8217;s U.S. assets by 75 days, The Information <a href="https://www.theinformation.com/articles/tiktok-policy-chief-fought-ban-leave-job">reported</a> on Wednesday, citing a staff memo.
ByteDance did not immediately respond to <a href="http://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
Meanwhile, competition to acquire TikTok&#8217;s international operations intensifies, with AppLovin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APP#NYSE">APP</a>) confirming a preliminary bid in an exchange filing. Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) and a group led by OnlyFans founder Tim Stokely are <a href="https://www.benzinga.com/trading-ideas/movers/25/04/44645102/applovin-wants-tiktok-but-can-it-beat-amazon-and-onlyfans-to-the-punch">reportedly exploring potential bids</a>.
Beijing&#8217;s resistance complicates the sale, which affects over 170 million American users. The White House has taken an active role in negotiations, with Vice President JD Vance expressing optimism that terms will be <a href="https://www.benzinga.com/news/global/25/02/43604572/jd-vance-quarterbacking-tiktok-deal-will-his-venture-capital-experience-secure-a-win?tblci=GiAShVRBa42nCBtWlx7IMC67Vo2BcWpr85L5I7snseW6sCCN1VcolqTZ7-yIiJzNATDviEo&amp;_gl=1&#x2A;uzxmwu&#x2A;_gcl_au&#x2A;MTUxNzE3MzM4LjE3Mzc1OTI3Mzc.&#x2A;_ga&#x2A;R1MxLjIuMTczNTg4MjcyMS4xLjEuMTczNTg4Mjg5Ny42MC4wLjA.&#x2A;_ga_V7ZK73W7N0&#x2A;MTc0NDg2NDM0Mi4xLjAuMTc0NDg2NDU5MC4wLjAuMA..">finalized by the deadline</a> that was set on April 5.
This forced divestiture occurs amid broader tech industry scrutiny, as Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) simultaneously fights a Federal Trade Commission antitrust case seeking divestiture of Instagram and WhatsApp. Prosecutors allege Meta employed an illegal &#8220;buy or bury&#8221; <a href="https://www.benzinga.com/25/04/44821791/meta-platforms-used-buy-or-bury-strategy-to-monopolize-social-media-ftc-says">strategy to dominate social networking</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/04/44854372/gold-hits-new-record-highs-as-safe-haven-demand-climbs-2-ways-to-invest#google_vignette">Gold Hits New Record Highs As Safe-Haven Demand Climbs: 2 Ways To Invest</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: XanderSt / Shutterstock.com

Equities

Social Media

Global

AMZN

TikTok's US Policy Chief Steps Down As Bidding War Heats Up After Trump Extends Deadline: Report

Reported Earlier, Advent Technologies Faces Nasdaq Notice For Delayed Form 10-K Filing, Aims For Compliance By April 30

Taiwan Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) reported quarterly earnings of $2.12 per share which beat the analyst consensus estimate of $1.82 by 16.48 percent. This is a 53.62 percent increase over earnings of $1.38 per share from the same period last year. The company reported quarterly sales of $25.53 billion which beat the analyst consensus estimate of $23.92 billion by 6.71 percent. This is a 35.25 percent increase over sales of $18.87 billion the same period last year.

Taiwan Semiconductor Q1 EPS $2.12 Beats $1.82 Estimate, Sales $25.53B Beat $23.92B Estimate

Former Google chief executive Eric&nbsp;Schmidt sketched an aggressive road&nbsp;map for artificial intelligence progress, warning that machines will match — and soon eclipse — elite human talent across most creative and technical fields.
What Happened: Speaking at the AI&nbsp;+&nbsp;Biotechnology Summit, co‑hosted by the Special Competitive Studies Project (SCSP), Schmidt predicted "the vast majority of programmers" will be supplanted within 12&nbsp;months as generative models crank out production‑ready code in any language. Over the same span, he expects AI systems to reach the level of "the tippy‑top of graduate math programs," leveraging formal proof languages such as Lean, to out‑reason human savants.
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"> 
<div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="Dr. Eric Schmidt" width="500" height="281" src="https://www.youtube.com/embed/L5jhEYofpaQ?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div>
</figure>
<h3 class="wp-block-heading">Two Years: Self‑Improving AI</h3>
Schmidt reveals that by 2027, research labs such as OpenAI and Anthropic could see 20% of their research code written autonomously, a feedback loop Schmidt called "recursive self‑improvement." Pairing that capability with advanced reasoning, he said, lays the groundwork for broader disruption of business and government workflows.
See also: <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China</a>
<h3 class="wp-block-heading">Three To Five Years: Artificial General Intelligence</h3>
Schmidt subscribes to what he dubbed the "San&nbsp;Francisco consensus": between 2028 and 2030, a single model will rival the best mathematician, physicist, writer, or artist. That milestone — artificial general intelligence — would put a "smartest human" in every pocket, able to design homes, negotiate contracts, or draft policy with minimal oversight.
<h3 class="wp-block-heading">Six Years: Super‑Intelligence</h3>
Extend the scaling curves, Schmidt argued, and "artificial super‑intelligence" emerges by 2031 — machines smarter than the sum of humanity, operating largely outside human guidance. Realizing that the future will hinge on massive computing power, he cautioned, and society still lacks language, let alone policy, for managing intellect "that's largely free."
Schmidt rejected the notion that everyone will be unemployed, but stressed the window to prepare for AI's cascading impact is closing fast: "The foundation is being locked in. We're not going to stop it."
Why It Matters: Schmidt had <a href="https://www.benzinga.com/markets/25/03/44185833/former-google-ceo-eric-schmidt-warn-of-nuclear-level-risks-in-global-superintelligent-ai-race-what-begins-as-a-push-for-a-superweapon">earlier warned</a> that an unchecked race for super‑intelligence could mirror a nuclear arms sprint. In a March&nbsp;7 white paper with Alexandr&nbsp;Wang and Dan&nbsp;Hendrycks, he urged the U.S. to pursue "Mutual&nbsp;Assured&nbsp;AI&nbsp;Malfunction" safeguards and non‑proliferation pacts to prevent destabilizing, Cold‑War‑style escalation.
xAI founder Elon Musk, meanwhile, strikes a middle course: he <a href="https://www.benzinga.com/news/24/03/37987626/is-superintelligence-safe-elon-musk-backtracks-on-ai-warnings">pegs a 10‑20% chance</a> that super-intelligent AI ends humanity but still expects machines to outthink us by 2029 and create "abundance," abandoning his <a href="https://www.benzinga.com/news/23/12/36070359/larry-page-disliked-elon-musks-love-for-humanity-over-ai-powered-digital-life-forms-and-that-soured">2023 pause proposal</a>. Palantir's Peter Thiel is more <a href="https://www.benzinga.com/startups/24/08/40475377/palantir-co-founder-peter-thiel-says-ai-could-take-15-20-years-to-become-super-dominant-calls-this-t">skeptical</a>, arguing true AGI could take 15‑20 years and calling near‑term super‑dominance a distant "holy grail."
Photo Courtesy: Frederic Legrand &#8211; COMEO on Shutterstock.com
Read next: <a href="https://www.benzinga.com/general/entertainment/25/04/44854679/time-100-most-influential-people-includes-elon-musk-mark-zuckerberg-alex-karp-and-more-public-company-ceos">Time 100 Most Influential People Includes Elon Musk, Mark Zuckerberg, Alex Karp And More Public Company CEOs</a>

Former Google CEO Eric Schmidt Predicts AI Sprint Toward Super Intelligence Could Put 'Smartest Human' In Every Pocket In 6 Years

Former President of NBC Cable (now NBCUniversal Media), Tom Rogers has been bullish on Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) for several years. He says the company&#8217;s 5-year plan to <a href="https://benzinga.com/markets/equities/25/04/44806071/netflix-eyes-1-trillion-market-cap-by-2030-aims-to-double-revenue-and-dominate-global-streaming-report">hit $1 trillion</a> in market capitalization by 2030 is &#8220;very realistic,&#8221; and not &#8220;that hard to get.&#8221;
What Happened: The media executive, who now serves as the Chairman of gaming platform Oorbit, joined CNBC&#8217;s &#8220;Fast Money&#8221; on Wednesday, expressing his thoughts on Netflix&#8217;s recent growth targets and why he feels that they are achievable.
Rogers says, &#8220;it [Netflix] can stay tougher under a downturn than just about any other media stock,&#8221; since only 4% of its revenues come from advertising.
See More: <a href="https://www.benzinga.com/tech/25/04/44856114/nvidia-says-it-follows-us-government-instructions-on-what-it-can-sell-and-where-amid-trade-war-escalation-with-china">Nvidia Says It Follows US Government Instructions On What It Can Sell And Where Amid Trade War Escalation With China</a>
While Netflix is currently in a defensive position due to its lower exposure to advertising, Rogers says that the company has to do well on advertising over the next 5 years to get to &#8220;the trillion-dollar market cap.&#8221;
&#8220;It&#8217;s not that hard to get there,&#8221; he says, &#8220;you probably have to get to 400 million subscribers,&#8221; which is 100 million more than <a href="https://benzinga.com/general/sports/25/04/44848932/netflix-q1-earnings-preview-no-subscriber-figures-experts-see-shares-as-safer-haven-in-this-tariff-war-environment">they recently announced</a>, or 20 million new subscriptions each year for the next five years.
Netflix is on track to hit 30% EBITDA margins this year, and according to Rogers, pushing that up to 40% within the next four and a half years is &#8220;eminently doable.&#8221; He points to the company's ad business as a key growth lever that&#8217;ll need to ramp up and scale to make that happen, while saying that &#8220;Netflix is a scale player&#8221; and &#8220;scale begets scale.&#8221;
Rogers says this new high-margin revenue stream could help Netflix triple its bottom line and double its top line, which at the stock&#8217;s current multiple &#8220;will get you to a trillion dollars.&#8221;
There is, however, a caveat, Rogers says, &#8220;Netflix&#8217;s engagement has to stay strong,&#8221; as it is the key to the platform&#8217;s pricing power and advertising revenue. He points out that the platform has dropped below 8% of all viewing time in March, losing market share to YouTube, which he expects to be covered during the company&#8217;s upcoming first-quarter earnings.
Why It Matters: According to <a href="https://in.benzinga.com/25/03/44471782/netflix-spotify-can-weather-economic-uncertainty-because-of-subscription-based-models-says-jim-cramer-heres-what-their-charts-are-indicating">a recent analysis</a> by Jim Cramer, subscription businesses like Netflix and Spotify Technology SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) can weather economic uncertainties significantly better than others.
Other analysts have reiterated this claim, with Oppenheimer &amp; Co.&#8217;s Jason Helfstein calling it the &#8220;cleanest story&#8221; in media, in the case of U.S. or global recession, once again citing the platform&#8217;s less reliance on advertising for revenue, <a href="https://deadline.com/2025/04/netflix-q1-2025-earnings-tariffs-wall-street-media-1236368789/">reported</a> by Deadline.
Price Action: Netflix stock ended down 1.54% on Wednesday ahead of its first quarter earnings release, but is up 5.87% in after-hours trading.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="138" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1024x138.png" alt="" class="wp-image-875641" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1024x138.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-300x41.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-768x104.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM-1536x208.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/04/17005432/Screenshot-2025-04-17-at-10.24.14-AM.png 1612w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Netflix shows strong momentum across the board in <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound">Benzinga&#8217;s Edge Stock Rankings</a>, only scoring low on &#8216;Value&#8217; at 11.82. For more insights on the company and its peers, consider signing up for Benzinga Edge today.
Photo: marekfromrzeszow / Shutterstock
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Netflix's $1 Trillion Goal 'Very Realistic', Says Former Cable Executive: 'It's Not That Hard To Get There'

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