Netflix is Reportedly Exploring 🔎 Live Streaming Service

This is a daily newsletter that covers trending business, tech and finance stories. If you enjoyed the newsletter, please share it with a friend who’d find it useful.

Share Scott D. Clary’s Newsletter

Or… invite friends to the newsletter through our referral program for Amazon gift cards.

Get a Referral Link

– Scott


Netflix is Reportedly Exploring 🔎 Live Streaming Service

(Image Source)

Popular video streaming platform Netflix is reportedly planning to live stream its upcoming shows and other live content.

According to the media website Deadline, Netflix is already in the preliminary stages of developing the product.

“Deadline understands that the streamer is exploring the launch of live streaming. It plans to roll out the capability, which Netflix confirmed was in the early stages of development, for its swathe of unscripted shows and stand-up specials,” the media site wrote.

Currently, the live-streaming feature is in the early stages of development, but once implemented, the feature would allow Netflix to ask its viewers for live voting for competition series and talent hunt shows.

Netflix is soon going to stream Dance 100 and that could be the best way for a dry run of live voting.

The video streaming platform could also use the live-streaming feature for its “Netflix Is A Joke” festival if it returns at all.

However, there is no detailed information about when Netflix is planning to launch this upcoming feature.

Elon Musk Puts Twitter Deal Temporarily on Hold 🕹

(Image Source)

Tesla CEO Elon Musk has said that his $44-billion acquisition of microblogging platform Twitter was temporarily on hold, citing pending details on spam and fake accounts.

In a Twitter post, Musk said, “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users.”

Musk, who added that he was still committed to the acquisition, decided to waive due diligence when he agreed to buy Twitter on April 25 to get the micro-blogging platform to accept his best and final offer.

Twitter estimated in a filing earlier this month that less than 5% of its monetizable daily active users during the first quarter were bots or spam accounts.

Hence, Musk now wants the company to confirm this before he continues with the deal.

If Musk does not complete the deal, he is contractually obligated to pay Twitter a $1 billion breakup fee, and if the deal contract appears to cap any damages, Twitter can seek compensation from Musk to that level.

Bitcoin Mining Network Difficulty Hits New All-Time High 🆙️

(Image Source)

The Bitcoin network has reached yet another all-time high in terms of mining difficulty to further distance itself from any concerns of planned attacks on the blockchain.

For the first time in history, the bitcoin network exceeded the 30-trillion mark by establishing a new all-time high (ATH) mining difficulty of 31.251 trillion at a block height of 735,840, according to BTC.com data.

Bitcoin mining difficulty is continuing to grind upwards as more miners deploy new hash rates.

Bitcoin mining difficulty is a measure of how hard a miner would have to work to verify transactions on a block in the blockchain, or to mine Bitcoins.

The difficulty level undergoes an adjustment every 2,016 blocks, which usually takes about two weeks.

Even though prices of bitcoin have dropped sharply through April and May, and are sitting below 50% of its all-time high from late 2021, the mining industry’s growth is not slowing.

Traditional investors, retail buyers, and even day traders may be bearish on bitcoin, but miners are not.

AI Startup Inflection AI Secures $225 Million in Funding 💰

(Image Source)

Inflection AI, an AI-first company that redefines human-computer interaction by enabling users to speak to a computer in a conversational language, has raised $225 million in its latest funding round, according to a filing with the U.S. Securities and Exchange Commission (SEC).

The AI startup said that the financing was provided in the form of an equity investment but didn’t disclose the names of investors who participated in the funding round.

Co-founded by Mustafa Suleyman, Reid Hoffman, and Karén Simonyan in 2022, Inflection is an AI-first company that is redefining human-computer interaction. The startup’s team includes AI experts who previously worked at Meta Platforms, DeepMind, and DeepMind sister company Google LLC.

The company is developing AI software that will make it easier for humans to communicate with computers. Additionally, the AI startup envisions using AI to “generate language to pretty much human-level performance.”

The latest funding will reportedly help Inflection AI with go-to-market initiatives and recruiting.

Around the Web 🌐

Crypto Trading Platform Elwood Gets Investment From Goldman Sachs And Barclays: Institutional crypto trading platform Elwood Technologies, founded by billionaire British hedge fund manager Alan Howard, has secured investments from banking giants Goldman Sachs and Barclays in its $70 million Series A funding round. Other investors in the round include Dawn Capital LLP and units of Commerzbank AG and Galaxy Digital Holdings Ltd., the crypto merchant bank headed by billionaire Michael Novogratz.


Podcast

If you like the content in this newsletter, there’s a pretty good chance you’ll like my podcast, “Success Story”, where I unpack the playbooks of entrepreneurs, executives and other high performing individuals.

Check Out The Podcast

Latest Episode 👇


If you enjoyed the newsletter, please share it with a friend who’d find it useful.

-Scott

New podcasts & articles to your inbox.

No Spam. Promise.

Pin It on Pinterest

Skip to content