Ubisoft reports loss of 1.3 billion Euros on costly game cancellations and delays
… The company is also about to conduct its third and final phase of its cost reduction program, which could entail more layoffs at key studios and divisions. …
… The company is also about to conduct its third and final phase of its cost reduction program, which could entail more layoffs at key studios and divisions. …
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… "First, as current challenges, we recognize that sales volatility is extremely high, resulting in significant uncertainty in investment recovery. …
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… Some gamers said there was no need for an apology, as every game will use some form of generative AI going forward. Many also argued that using generative AI for background props, such as paintings, was not inherently evil and could be used constructively to accelerate development. …
… "Operating expenses increased $259 million or 7% driven by impairment and other related expenses in our Gaming business and continued investments in research and development compute capacity, AI talent, and data to support product development that benefits the entire portfolio," Hood said during th… …