CEO Strauss Zelnick says generative AI remains a tool for enabling creators to do bigger and better things, but it sounds like a shift away from past comments.
The article above even mentions that Take Two’s stock dropped.
In the immediate wake of [Project Genie’s] announcement, the share prices of a handful of companies, including game engine maker Unity and Grand Theft Auto 6 publisher Take-Two Interactive, took a notable tumble.
This is an attempt to stop the slide for the benefit of their shareholders.
I’m guessing it’s a response to this
https://www.tomshardware.com/video-games/gaming-market-melts-down-after-google-reveals-new-ai-game-design-tool-project-genie-crashes-stocks-for-roblox-nintendo-cd-projekt-red-and-more
Appeasing shareholders, means fuck all
This is 100% right, you nailed it.
The article above even mentions that Take Two’s stock dropped.
This is an attempt to stop the slide for the benefit of their shareholders.