IO Interactive reclaimed full rights to Project Fantasy after losing Xbox funding, confirming layoffs and the closure of its Istanbul studio to maintain independence and continue development.
The Federal Reserve aims to reshape bank AML programs by emphasizing risk-based priorities and aligning with Treasury initiatives to enhance financial crime prevention.
Major AI companies are increasingly relying on private credit financing to support massive investments in AI infrastructure as capital needs surge beyond public markets’ capacity.
Sources reveal id Software has dismissed about half its workforce, including nearly all coders and the entire QA department, amid Xbox’s broader restructuring efforts.
H. Essers has entered the U.S. by acquiring Houston-based Palmer Logistics, planning significant growth in chemical warehousing and expanding its footprint beyond the Gulf Coast.
Vertex Pharmaceuticals plans to expand beyond cystic fibrosis with a $10 billion acquisition of Crinetics, gaining a new drug and pipeline focused on rare endocrine diseases.
South Korean memory-chip maker SK Hynix plans to list on Nasdaq, aiming to raise billions and gauge investor appetite for upcoming tech and AI sector offerings.
Following extensive layoffs at Xbox, nearly half the Elder Scrolls Online team was cut, putting the MMORPG’s ambitious content roadmap and long-term plans in jeopardy.
David Senra has declined all acquisition proposals for his highly profitable podcast business, prioritizing creative independence over lucrative buyouts.
Recent layoffs at Xbox have significantly reduced staff at Obsidian, id Software, and ZeniMax Online, forcing changes to game development and Elder Scrolls Online’s future roadmap.
Samsung Electronics forecasts a historic Q2 operating profit, fueled by surging sales of AI-focused semiconductors and strong market conditions in the memory chip sector.
Bespoke Labs has secured $40 million in funding to expand its platform that streamlines reinforcement learning and supervised fine-tuning for AI model refinement.