Shares of gaming companies plunge after Google released Project Genie, which lets users create interactive worlds; Unity closed down 24.2% and Take-Two 7.9%
Shares of videogame companies fell sharply in afternoon trading on Friday after Alphabet's Google (GOOGL.O) rolled …
Reuters Zaheer Kachwala
Related Coverage
- Unity stock falls alongside Take-Two, Roblox after Google's Project Genie launch Investing.com · Louis Juricic
- Google's Project Genie Makes Real-time Explorable Virtual Worlds, Offering a Peek Into VR's Future Road to VR · Scott Hayden
- Google's Project Genie Hammers Gaming Stocks. Unity Software and Roblox Sink. Barron's Online · Adam Levine
- A Bunch Of Big Video Game Company Stocks Just Tanked For A Very Dumb Reason Kotaku · Zack Zwiezen
- Unity, Take-Two Shares Sink After Google Unveils AI World-Building Tech ‘Project Genie’ Benzinga · Kaustubh Bagalkote
- Google AI lets you explore any virtual world you can dream up instantly New Atlas · Abhimanyu Ghoshal
- Gaming stocks plunge following release of Google's AI tool that can create playable, copyrighted worlds Sherwood News · Max Knoblauch
- Unity's stock becomes the latest victim of Google's AI ambitions MarketWatch · Emily Bary
- Why AppLovin Stock Was Taking a Dive Today The Motley Fool · Jeremy Bowman
- Videogame stocks slide after Google's Project Genie AI model release Hacker News
- Unity, Video Game Stocks Fall as Google's AI Tool Sparks Fears Bloomberg · Avalon Pernell
- Video game company stocks fall after Google launches Project Genie Shacknews · Donovan Erskine
- U.S. Markets Closed Down Friday; Unity Software Posted Biggest Loss Barron's Online
- Video game company stock prices dip after Google introduces an AI world-generation tool The Verge · Jay Peters
- Videogame Stocks Slide On Google's AI Model That Turns Prompts Into Playable Worlds Slashdot · BeauHD
Discussion
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@paultassi
Paul Tassi
on x
jesus christ this economy is dictated by morons
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@shinobi602
@shinobi602
on x
Video game stocks are suddenly crashing today with the launch of Google's Project Genie as investors think games will start getting made with AI ➡️ https://ca.investing.com/... #GoogleGemini #TakeTwo #CDProjektRED #Roblox #videogames [image]
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@negligible_cap
@negligible_cap
on x
$TTWO, $U, $RBLX - video game stocks are tanking following Google's Project Genie, with people fearing AI will be able to make game engines. This is a very real threat going forward in my opinion. AI will one day be able to make whatever video games people want to play on demand,…
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@hedgeyecomm
@hedgeyecomm
on x
Genie 3 from $GOOGL is mind blowing... and the potential seems endless when it comes to video games $TTWO $RBLX $MSFT $U [image]
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@kosso.co.uk
@kosso.co.uk
on bluesky
I think some people truly underestimate the carnage that AI will cause across various industries. And I think it's going to happen a lot faster than people realise... [embedded post]
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@fry69.dev
@fry69.dev
on bluesky
Fascinating. — The short clips I have seen so far looked interesting, but far, far, away from what I'd expect of a well-produced game.
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@davelee.me
Dave Lee
on bluesky
What an absurd market reaction [embedded post]
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@joemacleod666
@joemacleod666
on bluesky
IT'S TIME TO PLAY WITH YOURSELF [embedded post]
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@timsweeneyepic
Tim Sweeney
on x
AI Darth Vader in Fortnite last year and now Gemini's pure world model show how fast AI is evolving. We'll see constant leapfrogging between engine centric AI and world model centric AI until they come together for maximum effect.
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@timsweeneyepic
Tim Sweeney
on x
World models have huge advantages in vast knowledge of the world and ability to mash up varied content and styles. Engines have huge advantages in a stable representation of the world, reproducible simulation, and GPU and power efficient rendering.
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@jezcorden
Jez
on x
Rockstar should absolutely sue if their games were used in an authorized capacity to train this Google slop.
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@mrpyo1
@mrpyo1
on x
Investors legit know nothing about video games, people with a lot of money might be the most dumb people on the planet 💀
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@firstadopter
Tae Kim
on x
The Genie stuff is much less impressive for video game nerds who can recognize the obvious gameplay remixes from YouTube video clips of major titles like Dark Souls, Star Wars Outlaws, and GTA. You gaming newbs, get a grip.
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@mattshumer_
Matt Shumer
on x
Uhhh... I don't think Genie 3 is supposed to be generating Fortnite gameplay [video]
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@markhachman
Mark Hachman
on bluesky
This is nonsense. Genie doesn't allow you to create game worlds; it allows you to create procedurally generated environments which are just kinda okay at this point. — Anyway, no “major” game developer should feel threatened by this. [embedded post]
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@jimcramer
Jim Cramer
on x
We've been paying with Project Genie from Google, holy cow is this thing cool. AI winner