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 …
Benjamin Mayo / 9to5Mac : Satellite services provider Globalstar says Apple took a 20% ownership stake worth ~$400M, and has committed an...
