A demo of Google’s Genie AI, which creates simple 3D scenes from text, triggered a sell-off in major video game stocks. Investors seemed to fear it could replace platforms like Unity and Roblox, but the tech is incredibly limited.
The gaming industry’s relationship with AI is getting messy. While more professionals are using generative tools at work, a majority now believe the technology is having a negative impact. This tension is playing out against a brutal backdrop of widespread layoffs.
Sandisk shares surged 25% after forecasting Q3 earnings up to 3x higher than Wall Street expected. Analysts are scrambling, with one raising a price target from $300 to a street-high $1,000. The driver? An AI data center boom creating a “defining moment” for memory demand.
The Department of Homeland Security is using commercial AI from Google and Adobe to generate and edit public-facing content. This revelation comes as immigration agencies ramp up social media messaging supporting mass deportations.
Microsoft CEO Satya Nadella says Copilot’s daily user base has grown nearly 3x year-over-year, with 15 million paid M365 Copilot seats. Despite this, the company’s shares dropped about 6% after earnings as Wall Street frets over capital expenditures hitting $72.4 billion so far this year.
WealthAi, a London-based startup, has closed an €837,000 pre-seed funding round. The company is building an AI-driven operating system specifically for wealth managers, family offices, and private banks to automate their fragmented workflows.
The race to standardize AI agent communication has spawned a bewildering array of protocols. From tool-calling to agent-to-agent chats, every major tech giant is pushing its own flavor, creating a fragmented landscape that the Linux Foundation is now trying to corral.
Sumsub has launched AI Agent Verification, a tool to distinguish legitimate AI-driven automation from fraud. It works by binding automated activity to a verified human identity, creating a line of accountability. The goal is to allow useful automation to proceed while blocking malicious attacks.
Microsoft is touting 15 million paid users for its M365 Copilot. However, analysts are labeling the figure a disappointment, representing a tiny fraction of its overall customer base.
Dow Chemical is cutting 4,500 jobs, about 12.5% of its workforce, and is pointing to AI automation as a key driver. The initiative, called “Transform to Outperform,” aims for $2 billion in EBITDA improvement by 2028.
