March 4, 2024
Star Wars game cancelled as EA cuts 670 jobs
Electronic Arts (EA) is canceling an upcoming Star Wars game and will lay off 5% of its employees globally- approximately 670 people. The game, which was in early development, would have been a first-person shooter set in the Star Wars universe.The…
February 27, 2024
PlayStation to axe 900 jobs
Sony has announced it will lay off 8% of PlayStation employees globally, amounting to approximately 900 people.In addition to cuts in the US and Japan, the gaming giant said this would mean closing PlayStation's London Studio entirely. In a blog…
February 21, 2024
Xbox games coming to Nintendo Switch and PS5 named
Four games that were formerly exclusive to Microsoft will soon be available on rival consoles. Hi-Fi Rush and pirate game Sea of Thieves are coming to Sony's PS5 only. Meanwhile, the narrative adventure game Pentiment and the co-op game Grounded…
February 13, 2024
UK chip designer Arm sees shares almost double
UK chip designer Arm Holdings has seen its stock market value almost double in less than a week as investors bet on the artificial intelligence (AI) boom. The Cambridge-based company reported financial results last Wednesday that showed demand for…
February 6, 2024
Facebook and Instagram to label fake AI images
Meta says it will introduce technology that can detect and label images generated by other companies' artificial intelligence (AI) tools. It will be deployed on its platforms Facebook, Instagram and Threads.Meta already labels AI images generated by…
February 5, 2024
Zuckerberg wins on Wall Street after Washington hit
Mark Zuckerberg's Meta had a bad day in Washington this week. But on Wall Street, it took a victory lap.The social media firm updated investors with a slew of good news: quarterly profits that tripled year-on-year to more than $14bn (£11bn), a surge…
January 29, 2024
Deepfakes spark calls in Congress for new legislation
US politicians have called for new laws to criminalise the creation of deepfake images, after explicit faked photos of Taylor Swift were viewed millions of times online. The images were posted on social media sites, including X and Telegram.US…
January 23, 2024
US regulator admits cyber-security lapse before rogue Bitcoin post
The US financial regulator has confirmed a key security procedure on its X account had been suspended for six months when hackers made a fake post about Bitcoin in January. The cryptocurrency surged in value before the post was deleted.The…
January 18, 2024
Spotify attacks Apple’s ‘outrageous’ 27% commission
Spotify has launched an outspoken attack on new transaction fees of up to 27% being levied by Apple in the US.On Wednesday, Apple announced it would permit app developers to sell products in places other than its store - but only if they still paid…
January 15, 2024
AI to hit 40% of jobs and worsen inequality, IMF says
Artificial intelligence is set to affect nearly 40% of all jobs, according to a new analysis by the International Monetary Fund (IMF).IMF's managing director Kristalina Georgieva says "in most scenarios, AI will likely worsen overall inequality". Ms…