Firstpoint VC launches with €50m fund to invest in AI-driven games and entertainment startups
New venture capital firm Firstpoint VC has launched with a €50 million fund to invest in AI-driven gaming and entertainment startups. …
New venture capital firm Firstpoint VC has launched with a €50 million fund to invest in AI-driven gaming and entertainment startups. …
… This year's event highlighted five key trends: adoption of generative AI, growth in co-development, increased dual monetisation in mobile gaming, challenges in securing funding and publishing partnerships, and evolving advocacy policies and accessibility concerns. …
… And so if something doesn't happen, something else will happen" Both are pressing ahead with the new game, but naturally the scope has had to be reduced now the funding has disappeared. "The size of the game is dictated by the size of the team and the amount of time," explains John. …
… But with AI, you don't need to be wed to an engine – just make your own! Since the web is the most openly available training set available, AI is best positioned to make web games. I'm most excited about this. I hope AI-based gamedev brings a revolution in web games. …
… "The problem is that because the hype people come in, overblow what it is, try to eke out all the funding they possibly can, but it doesn't deliver on the hype," Dicken says. He's concerned that if the generative AI bubble pops, it will leave a bad taste in the mouth of everyone in the industry. …
… He later said on the company's earnings call that having "not having announced any online version for GTA 6," it would be "premature to talk about an upcoming business model for something that we haven't talked about." Does he think that the market has a better understanding of the influence that A… …
… We're also extending Epic-paid healthcare coverage.” US employees will receive paid coverage for six months. …
… The actual costs of AI are increasingly being passed through to customers rather than being soaked up by tens of billions of dollars of private funding, and executives who last year wanted AI integrated into every facet of their company’s business are belatedly starting to wonder about the long-ter… …
… The new appointments are as follows: Jared Palmer former CoreAI VP of product – VP of Xbox engineering Tim Allen former CoreAI president of design – CVP of Xbox Design Jonathan McKay former CoreAI head of growth – Xbox head of growth Evan Chaki former CoreAI general manager of AI innovation – Xbox … …
… As part of a sweeping mission statement, Xbox CEO Asha Sharma and CCO Matt Booty said Microsoft Gaming "describes our structure, but it does not describe our ambition." Sharma and Booty said console remains central to its future plans, which will be "built to be affordable, personal and open," whil… …