Upload Studio for Xbox One is a new built-in DVR app that will allow you to record and upload gameplay video from Xbox One, and will also allow you to add commentary to your videos using the new Kinect peripheral, Microsoft announced this morning.
You’ll also be able to stream video live using Twitch. This feature will be available to Xbox Gold subscribers, and you’ll be able to provide commentary using the microphone on the Kinect.
This puts Xbox One and PlayStation 4 on level ground as far as sharing features are concerned. Sony announced in March that PlayStation 4 will have a “Share” button that will allow you to record and upload gameplay for others to view. Like Xbox One, PS4 will also allow for live-streaming, but via Ustream instead.