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Guilty Gear Strive Surpasses 2.5 Million Players
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Aug. 7, 2023, 8:34 a.m.
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Inworld AI Secures $50 Million in Funding for Open-Source Character Creation Platform
Inworld AI has successfully raised an additional $50 million in funding, led by Lightspeed Venture Partners, with participation from notable investors including Stanford University, Samsung Next, Microsoft's M12 Fund, First Spark Ventures, and LG Technology Ventures. The newly acquired funds will be allocated towards research and development, talent acquisition, infrastructure investment, and the…
Aug. 4, 2023, 11:16 a.m.
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Roblox Surpasses 1 Million Downloads in Meta Quest Open Beta
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Aug. 4, 2023, 10:11 a.m.
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Unlocking the Power of Play with Jo Twist
In a special episode of the Playable Futures Podcast, Will Freeman sits down with Dr. Jo Twist, outgoing CEO of UKIE, to reflect on her 11-year tenure and the evolution of the games industry. With her impending move to the music industry as CEO of the British Phonographic Industry, Twist shares her insights on the significance of play and its impact on human experience. She notes that play extend…
Aug. 4, 2023, 9:48 a.m.
News
GamesIndustry.biz Investment Summit Makes Its Return to EGX in London
The GamesIndustry.biz Investment Summit will once again be hosted at EGX, this time on Thursday, October 12th. The summit will feature a morning filled with insightful talks, followed by one-to-one meetings between investors and publishers in the afternoon, along with roundtable discussions throughout the day. Additional meetings can be scheduled for the following day, Friday, October 13th. With …
Aug. 4, 2023, 8:30 a.m.
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GEM Capital Launches $50 Million Investment Initiative
GEM Capital has revealed plans to invest $50 million in game studios, targeting early-stage funding rounds with individual investments ranging from $2 million to $5 million. The company aims to support the development of free-to-play and premium PC titles, as well as midcore mobile games and game-tech companies. According to GEM Capital, a key factor in their investment strategy is the presence o…
Aug. 3, 2023, 9:01 p.m.
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GameStop Abandons Cryptocurrency Wallet Support
GameStop has announced that it will discontinue support for cryptocurrency wallets, marking a significant reversal of its earlier efforts to expand into the crypto space. According to a report by Bloomberg, this decision is a major setback for the company's crypto ambitions, which were spearheaded by Chairman Ryan Cohen. In its statement, GameStop cited the uncertain regulatory environment of the…
Aug. 3, 2023, 5:58 p.m.
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Unity Sees Significant Revenue Growth in Q2, Up 80% Year-over-Year
Unity has announced its Q2 financial results, revealing substantial revenue growth driven by the integration of IronSource into its operations. The key highlights of the company's Q2 performance include: Revenue of $533 million, representing an 80% year-on-year increase, a net loss of $193 million, down from $204 million in the previous year, Create Solutions revenue of $193 million, up 17% year-…
Aug. 3, 2023, 3:15 p.m.
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Twitch Prohibits Streamers from Promoting Online Skin Betting Sites
Twitch has revised its community guidelines, now forbidding the promotion and sponsorship of websites that facilitate skin gambling. A newly introduced section in the guidelines explicitly states that the promotion of skin gambling, including sites related to CS:GO, is no longer permitted, joining the ranks of prohibited activities such as slot, roulette, and dice games. Additionally, social ve…
Aug. 3, 2023, 2:35 p.m.
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Resident Evil 2 Remake Tops Franchise Sales
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Aug. 3, 2023, 2:23 p.m.