Roblox reported that its first quarter bookings reached $923.8 million, up 19% at a time when much of the game industry has reported weak results.
However, the company’s stock price has fallen 27.36% in trading to $28.32 a share this morning due to a weak financial outlook. Based on the midpoint of its guidance, Roblox expects bookings in the second quarter of $885 million, compared to the…
Video game publisher Electronic Arts forecasted full-year bookings for the coming year that fell below Wall Street’s expectations.
The company’s forecast fell short of analyst expectations for the fiscal year ending March 31, 2025. The midpoint of EA’s forecast range…
A federal court awarded a $14.4 million judgment to Activision Publishing in its lawsuit against EngineOwning UG, Garnatz Enterprise Ltd, and 11 individuals.
U.S. District Court Judge Michael W. Fitzgerald in California issued the default judgment against the defendants. The…
Companies no longer need to buy a ChatGPT Enterprise license directly from OpenAI. They can now purchase the gen AI service through the multinational professional service consultancy PwC. Until today, businesses could only subscribe to the enterprise option by reaching out to an OpenAI salesperson. Now, there’s another way, but it also allows PwC to upsell its services to those who want to use…
Kinetix, the generative AI startup creating user-generated emotes (UGE) for video games, has teamed up with Overdare to put generative AI in the hands of gamers.
Overdare is a user-generated content (UGC) platform from South Korean publishing giant Krafton. Today, the…
OpenAI is devouring the media industry
May 30, 2024
Let’s make one thing clear up front: I’m generally pro-generative AI. At least, I am a lot more amenable to it — and use it myself daily in the form of parsing information via ChatGPT and generating images with it and Midjourney — than many of my peers in the…
Let’s just face it, America. We’ve got a weight problem. No, not that weight problem. It’s the size of the cars. The best-selling vehicles in the US are all of the biggest, heaviest, and most oversized models available. But it doesn’t have to be that way. A new crop of tiny electric cars is changing the game and offering options we’ve never had before. Err, actually, I probably…
Wyoming just approved its largest solar farm – 771 megawatts (MW) of utility-scale solar plus battery storage.
Developer Enbridge has been issued a siting permit by the Industrial Siting Council to construct and operate Cowboy Solar I & II on private land leases in…
Ark CEO Cathie Wood Talks Bitcoin With El Salvador's President — Applauds His Vision for BTC Hub
May 30, 2024
Cathie Wood, CEO of asset management firm Ark Invest, recently met with El Salvador’s President Nayib Bukele and discussed bitcoin. She praised his progressive approach to economic and educational reforms. “President Bukele’s determination to transform El Salvador into…
Hong Kong's Grace Period for Crypto Exchanges Ending — Trading Platforms Must Obtain License by June 1
May 30, 2024
The Hong Kong Securities and Futures Commission (SFC) has issued a reminder that crypto trading platforms must obtain a license to operate in Hong Kong before the grace period ends on June 1. The regulator warned that operating without a license is a criminal offense and will enforce compliance. Investors are advised to only trade on SFC-licensed crypto trading platforms.
Regulatory Deadline…
