Ubisoft reports Q2 net bookings down 36% YoY to €352.3M, vs. €368M est., and expects Q3 net bookings of €380M, down from €626M in Q3 2023, as its big games flop — - Expects net bookings over lucrative holiday season to be down — Success of Assassin's Creed Shadows in February is critical
PlayStation shutters Firewalk, which released shooter game Concord earlier in 2024 before taking it offline, and mobile studio Neon Koi, impacting ~210 jobs — The company will also close the mobile game studio Neon Koi, which hasn't released a game, according to a blog post from Sony on Tuesday.
Sources: SoftBank plans to put Arm's tech at the center of a new network of data centres to build and train AI, setting Arm on a collision course with Nvidia — Almost 20 years ago, Intel made a decision that changed the course of computing history. — Soon after Apple started putting Intel inside …
Sources: TSMC has suspended shipments of 7nm chips to at least two chip developers over suspicions they were trying to circumvent US export controls on Huawei — TAIPEI — Taiwan Semiconductor Manufacturing Co. has suspended shipments to at least two chip developers over suspicions …
Nigeria-based Moniepoint, which offers bank accounts, loans, and POS terminals, raised $110M led by DPI, sources say at a $1B+ valuation, after raising $55M — Company raises $110mn from investors including Google despite slowdown in fundraising for African start-ups
How Jeff Bezos, who bought The Washington Post in 2013 and a DC mansion in 2016, never made a splash in the capital, visiting only on occasion for glitzy events — The billionaire made splashy purchases of The Washington Post and a mansion in Washington. But his status as a power player in the nation's capital was never realized.
Hong Kong outlines an AI policy for finance and proposes an extension of a tax break on owning digital assets, as it seeks to become Asia's go-to financial hub — - Tax break law to be tabled by year-end: treasury secretary Hui — City was denied access by major AI tools like ChatGPT, Gemini
Online influencers are earning thousands for a single post on behalf of groups backing Harris or Trump, with scant regulatory oversight or public transparency — On TikTok, Instagram and X, freelance creators profit from the murky practice of persuading their large followings to back Trump or Harris.
FTX agrees to drop its litigation against Bybit in a deal worth about $228M that will allow FTX to withdraw assets from Bybit's cryptocurrency exchange — Search by Law Firm Search by Topic — FTX Trading Ltd. agreed to drop sprawling litigation against Bybit Fintech Ltd. and related entities …
A closer look at M4 Macs coming this week; sources: Apple's home smart display will have an iMac G3-like base and a square screen the size of about two iPhones — Also: fresh details on the company's upcoming smart home device. — Apple kicks off a Mac overhaul this week that centers on new M4 chips.
How militaries around the world are using warfare simulation video games like Slitherine Software's Command: Professional Edition to run battle scenarios — Militaries worldwide run battle scenarios using one family-run British company's software, rooted in Tom Clancy novels. Watch a video simulation to see how.
An interview with Humane co-founders Bethany Bongiorno and Imran Chaudhri on dealing with the reaction to the AI Pin, plans to license its CosmOS, and more — It's Saturday in South Park. Kids are squealing. A man shadowboxes behind me. Sitting across from me on a not-so-clean bench …
Alibaba agrees to a $443.5M settlement in a US shareholder lawsuit alleging that Alibaba hurt investors by making misstatements about its exclusivity practices — The e-commerce platform denied allegations that it made misstatements about its antitrust and exclusivity practices
Analysis: X is on track to fall well short of its goal of $100M in 2024 political ad revenue, raising just $15M to date, mainly from GOP and Trump campaigns — Social media platform has raised a fraction of $100mn target and mainly from Trump and Republicans
The ramifications of a potential US crackdown against Tether, a noticeable player in the market for US debt, will extend beyond the digital asset industry — Of all the legal actions taken against cryptocurrency companies by US regulators and prosecutors over the past year …
Q&A with Reddit CEO Steve Huffman on AI slop, the company's partnerships with Google and OpenAI, content moderation during an election year, and more — What makes Reddit a gold mine for AI models, he says, is all of the human-led content on its variety of forums
Sources: Meta strikes a multi-year deal with Reuters to use its news content to provide real-time answers to user queries in Meta AI chatbot, a first for Meta — - Meta has backed away from news content in its platforms' main feeds amid regulatory scrutiny, but news content may prove harder …
Chinese self-driving firm WeRide raised $120M in its US IPO at a $4.21B valuation, and sold 7.7M shares at $15.50 a piece, the lower end of its targeted range — Self-driving firm WeRide WRD.O notched a valuation of $4.21 billion after raising $120 million in its U.S. initial public offering …
The EU's Court of Justice sides with Intel over a once-record €1.06B antitrust fine, ruling that regulators failed to prove it gave illegal rebates to PC makers — - EU's top court rules in over decade-long legal fight — Separate case over a revised EU fine is still ongoing
Nigeria drops charges against Binance executive Tigran Gambaryan, detained since February 2024; sources say the case was discontinued due to his ill health — - Charges against Tigran Gambaryan dropped on health grounds — Gambaryan detained in February as Nigeria took aim at Binance
Joseph Gordon-Levitt criticizes AI, calling Hollywood a “canary in the coal mine” for other industries, and says studios “own the IP and I don't own any of it” — Actor says AI companies use movies and TV to make money without fairly compensating actors; industry should ‘get ahead of that flood’
Netflix shut down AAA game studio “Team Blue”, which hired industry veterans and seemed set to pursue a big-budget multi-device strategy, amid a gaming shake-up — The SoCal studio boasted senior veterans from Halo, God of War and Overwatch — One of Netflix's most intriguing video game studios is no more.
Jack Sweeney says Meta suspended Instagram and Threads accounts tracking celebrities' private jets, including Zuckerberg's; Meta cites a “risk of physical harm” — Instagram and Threads accounts that track the private jets of celebrities - including Mark Zuckerberg, Elon Musk …
Investigation: a Russian espionage and hacking campaign targeted Georgia for years and breached its Foreign Ministry, Finance Ministry, central bank, and more — With an election this week, documents seen by Bloomberg expose the extent of Moscow's infiltration of the former Soviet state.
IBM launches its open source Granite 3.0 models, including 2B and 8B general purpose versions and Mixture-of-Experts models, aimed at enterprise customers — Make no mistake about it, enterprise AI is big business, especially for IBM. — IBM already has a $2 billion book of business related …
After Musk promises to give $1M to one swing state voter a day who signs his PAC's petition, PA's governor says “law enforcement could take a look at” the plan — Musk announced Saturday that every day until Election Day, he would give $1 million to a randomly selected voter …
Bloomberg : Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC s...
