Netflix bought Ben Afflecks AI startup for $587 million
Netflix paid over half a billion dollars for Ben Affleck's AI startup InterPositive, which he founded in 2022. According to Variety , Netflix's Form 10-Q report with the Securities and Exchange Commission disclosed that it paid $587 million in cash for an acquisition in March. While the company they acquired goes unnamed in the report, the InterPositive acquisition was announced on March 5, and a Bloomberg report estimated that Netflix could have paid up to $600 million. SEE ALSO: Netflix's 'Wonka' reality show will use AI-generated voice of Gene Wilder According to the March 5 deal announcement , Netflix viewed its acquisition of InterPositive as "investing in creator-led innovation that keeps filmmakers at the center of the process." In that same announcement, Affleck wrote: "In 2022, I spent a lot of time observing the early rise of AI in production. As a filmmaker, I could see how these ...