Netflix buys Oscar-winner Ben Affleck's AI filmmaking startup

Netflix acquired InterPositive, an AI filmmaking firm co-founded by Oscar-winning actor and director Ben Affleck. The deal, announced on March 5, is valued at about $600 million, Bloomberg reported. Terming their AI approach as serving "needs of the creative community", Netflix Chief Product and Technology Officer Elizabeth Stone said, "Innovation should empower storytellers, not replace them."