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Netflix Never Used its $1m Algorithm. Here's Why.

Netflix was founded in the US in 1997, starting initially as a DVD-rental delivery service before finally morphing into more of a VoD streaming service. Today, it serves the US and Canada, Latin America, the Caribbean, and, as of January this year, the UK and Ireland, where it finally arrived to exchange blows with LoveFilm. Cast your mind back to when the company launched the Netflix Prize. Announced in 2006, the prize sought to reward clever people for developing a recommendation algorithm. Th...

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