Wednesday's news marks a new chapter for AOL, which was once one of the most recognized brands on the internet, known for its email service and "You've Got Mail" notification.

The move comes as Waabi announced earlier this year that it was partnering with Volvo Autonomous Solutions to build a custom purpose truck based on Volvo’s auto autonomy platform using Waabi's software stack.

While watching live content, viewers will be able to vote to directly influence the outcome of what they're watching on their TV or mobile device.

Sequoia's managing partner Roelof Botha noted that there are currently 3,000 venture firms in the United States, while there were just 1,000 when he joined Sequoia 20 years ago.

Teller says X has a 2% hit rate, which means that most of the things the company tries don't work out, and that's okay.

With this new feature, users can go back and find videos they might not have had the chance to save.