Twitter’s Tumultuous 2023: A Look at Its Struggles and Impact on Gaming
Introduction In 2023, Twitter’s financial challenges became increasingly apparent as advertising revenue, a crucial source of income, saw a significant decline. The social media platform faced controversies and a downturn that threatened its stability. With advertising dollars constituting about 90% of its income, the drop in revenue, coupled with a staggering debt load, left Twitter […]
ByteDance Affirms Dedication to VR with Pico Amidst Shutdown Rumors
ByteDance’s Commitment to Virtual Reality with Pico In the face of swirling rumors about the potential shutdown of its virtual reality arm, Pico, ByteDance has made a clear statement of commitment. Despite speculation that the company might be stepping back from the VR industry, ByteDance has affirmed its dedication to Pico, ensuring that the brand […]
Humble Games Joins the Wave of Layoffs in the Gaming Industry
Recent Layoffs at Humble Games and Industry Trends Humble Games, the publishing division of Humble Bundle, has joined the unfortunate trend of layoffs within the gaming industry. Following in the footsteps of Amazon Games and Digital Bros, the parent company of 505 Games, Humble Games has had to reduce its workforce. These layoffs are a […]
OpenAI Ousts CEO Sam Altman Amidst Leadership Shakeup
In a significant shake-up at OpenAI, the artificial intelligence research lab known for its groundbreaking work on ChatGPT, CEO Sam Altman has been ousted from his role. The company has also removed him from its board of directors. In the interim, OpenAI’s Chief Technology Officer, Mira Murati, has stepped up to fill the CEO position […]
Microsoft Onboards OpenAI’s Former Leaders Amidst Company Turmoil
In a decisive move, Microsoft CEO Satya Nadella has swiftly brought on board Sam Altman, the recently ousted co-founder of OpenAI, to spearhead a new advanced AI research team. This strategic hire comes as OpenAI staff begin to voice their concerns over the company’s management, signaling a period of significant change within the AI industry. […]
Unity Foresees Further Layoffs Despite Revenue Growth
Despite a significant revenue increase in its most recent quarter, Unity Technologies, the renowned game engine maker, is preparing for more layoffs. This news comes just six months after the company reduced its workforce and announced a plan to close half of its offices globally. The new CEO has indicated that the company needs to […]