US EditionIs Genie 3 a Game Engine Killer? Why Unity's 24% Plunge Could Be a Massive Opportunity
Project Genie’s AI generates short game experiences but raises concerns over job risks and copyright, causing Take-Two, Roblox, and Unity stocks to fall by up to 24%, Reuters said.
- On Friday, gaming stocks plunged after Google unveiled Project Genie, with Take-Two Interactive closing at $220.30, Roblox at $65.76, and Unity at $29.10.
- Google DeepMind researchers said Genie 3 was trained mainly on publicly available web data, and artists and game developers pushed back over alleged use of creators' work to train the AI.
- Project Genie currently makes 60-second interactive clips that lack scores, objectives or sound and cannot be exported to Unreal Engine or Unity, with reviewers noting errors and inconsistencies in generated experiences.
- Industry leaders responded with investors and executives pushing AI game-creation tools, Meta CEO Mark Zuckerberg calling AI `more immersive and interactive` and xAI CEO Elon Musk promising `Real-time, high-quality shows and video games at scale, customized to the individual, next year.`
- Amid repeated layoffs, game developers warn Project Genie aims to replace testing and concept roles, while workers affected foresee major workflow shifts if AI converges.
25 Articles
25 Articles
Is Genie 3 a Game Engine Killer? Why Unity's 24% Plunge Could Be a Massive Opportunity
Quick Read Unity (U) stock plunged 24% to $29.10 after Google DeepMind unveiled Genie 3 AI that generates interactive worlds from text. Unity CEO calls world model AI a powerful accelerator. Unity powers 70% of top mobile games. Genie 3 is limited to short sessions and lacks quests, multiplayer, and precise physics that are Unity’s core strengths. Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial a…
Investors panic over Google's AI game generator, tank gaming stocks
A couple years ago, it was my distinct displeasure to inform you about the advent of Sora AI-generated video just before the resulting tidal wave of slop rendered truth a luxury. It's my even more distinct displeasure to inform you that we could be standing at the edge of a similar precipice — at least, according to a few investors. — Read the rest The post Investors panic over Google's AI game generator, tank gaming stocks appeared first on Boi…
Google Genie 3 rollout hits gaming stocks, but analysts see limited long-term impact
Google has yet again shaken up the gaming world by giving its US-based Google AI Ultra subscribers early access to Project Genie 3, and the news soon rattled the investors. Video game stocks took a hit as people started worrying about what generative AI like Genie could mean for the future of gaming. Freedom Capital says the sell-off happened fast. Investors panicked, thinking AI tools like this might disrupt the whole industry. Google says it’l…
Video game company stock prices dip after Google introduces an AI world-generation tool
The stock prices of some major video game companies, including Take-Two Interactive, Roblox, and Unity, had notable declines on Friday, just a day after Google announced its Project Genie tool that lets users prompt AI to generate interactive experiences, Reuters reports. Take-Two's stock price closed at $220.30 (down 7.93 percent from yesterday), Roblox's closed at $65.76 (down 13.17 percent), and Unity's closed at $29.10 (down 24.22 percent). …
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