Tag: category-/News/Business News/Company News

United Healthcare’s ransomware attack shows why supply chains are under siege

Join leaders in Boston on March 27 for an exclusive night of networking, insights, and conversation. Request an invite here. Healthcare supply chains are facing a digital pandemic, with the latest UnitedHealth Group breach showing the power of an orchestrated ransomware attack to shut down supply chains.  Attackers hope to create chaos quickly to force […]

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Mattel kicks off self-publishing for games

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Mattel is kicking off its self-published games where it will work with closely with big and small devs making Mattel-branded games. Mike DeLaet, global head of digital gaming at El Segundo, California-based […]

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Layoffs in the games industry: When it rains, it pours | Kaser Focus

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  We’re only two months into 2024, and we’ve already seen 7,800 members of our industry laid off. Sometimes I feel that fact needs to be reiterated, because it’s very easy to become […]

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Sony plans to lay off 900 employees as part of global restructuring

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Sony Interactive Entertainment announced today that it plans to lay off around 8% of its global workforce, or around 900 people. According to SIE president and CEO Jim Ryan, the layoffs will […]

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Allocations, AI-powered investing platform, tops $2 billion as alternative asset demand booms

Allocations, a fintech startup using artificial intelligence to streamline private capital fundraising, has crossed $2 billion in assets under administration on its platform, VentureBeat can exclusively report. The milestone demonstrates surging demand for alternative investments like private equity and venture capital, as well as the power of AI to automate cumbersome paperwork. “AI has supercharged […]

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Nvidia’s Q4 revenues hit $22.1, up 265% from a year ago

Nvidia reported $22.1 billion in revenue today for its fourth fiscal quarter of fiscal 2024 (ending January 31, 2023), easily topping Wall Street’s expectations. The graphics processing unit (GPU) and AI chip company reported Q4 revenue of $22.1 billion, up 265% year-over-year and 22% sequentially. Nvidia’s data center segment grew 409% from a year ago […]

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Microsoft’s Phil Spencer talks about industry-wide gaming layoffs

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  In the wake of 1,900 layoffs at Microsoft’s game businesses and more layoffs across the industry, Phil Spencer offered his thoughts on the Xbox business update today. Spencer has been on the […]

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OpenAI CEO Sam Altman says Apple Vision Pro is ‘2nd most impressive tech since the iPhone’

This is kind of a cheap Friday post, but I was struck by the fact that OpenAI’s CEO and co-founder Sam Altman just posted on X/Twitter that he thought the new Apple Vision Pro is the “second most impressive tech since the iPhone.” vision pro is second most impressive tech since the iphone — Sam […]

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Ubisoft beats its sales targets in Q3, net bookings at $675M

Are you looking to showcase your brand in front of the gaming industry’s top leaders? Learn more about GamesBeat Summit sponsorship opportunities here.  Ubisoft today revealed its financial earnings report for Q3 2024, a solid quarter in which it surpassed its financial targets. The company’s net bookings for the quarter sit at €626 million, or […]

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Activision Blizzard added $2B in revenue to Xbox’s Q2 growth

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Microsoft revealed during its latest financial earnings report that its Xbox gaming division has seen a dramatic increase in revenue after last year’s acquisition of Activision Blizzard. Xbox’s revenue increased 60%, while […]

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Intel posts Q4 revenue of $15.4B, up 10% but Q1 expectations weak

Do you want to get the latest gaming industry news straight to your inbox? Sign up for our daily and weekly newsletters here. Intel reported that its fourth-quarter revenue was $15.4 billion, up 10% from a year earlier. But the stock sank on the news that Intel was forecasting a lower-than-expected Q1. Overall revenue for […]

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Sony unveils $10M Sony Innovation Fund for Africa

GamesBeat Next unites gaming industry leaders for exceptional content, networking, and deal-making opportunities. Join us on Oct 23-24 in San Francisco.  Register Now Sony Group announced today that it has established Sony Innovation Fund: Africa as an initiative to support the growth of the entertainment businesses in Africa. The Sony Innovation Fund: Africa has been […]

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Atlassian to buy enterprise video messaging platform Loom for nearly $1B

Today, Australian enterprise software major Atlassian announced it has signed a definitive agreement to acquire asynchronous video messaging platform Loom for $975 million. The deal, probably one of the biggest in the category, expands Atlassian’s software portfolio, which already includes major work-centric collaboration tools such as Jira, Confluence and Trello. The company said it is […]

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More layoffs reported at Twitch just ahead of TwitchCon Vegas

GamesBeat Next unites gaming industry leaders for exceptional content, networking, and deal-making opportunities. Join us on Oct 23-24 in San Francisco.  Register Now Twitch was reportedly hit with a fresh round of layoffs just weeks before TwitchCon is set to kick off in Las Vegas. This would be the second round of layoffs at the […]

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Pictionary Vs AI makes the AI guess in a new version of the classic game

We’re thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of “Playing the Edge.” Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today! Mattel announced […]

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Arm to raise $4.7B in IPO that values chip designer at $54.5 billion

We’re thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of “Playing the Edge.” Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today! Arm Holdings, […]

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Instacart, with IPO imminent, announces series of AI-powered upgrades to store platform, carts

Head over to our on-demand library to view sessions from VB Transform 2023. Register Here Instacart may have an IPO coming this month — reports say the company is considering pricing its listing Sept. 19, with trading starting the following day — but it getting some AI-heavy product announcements out of the way first. Today, […]

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