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Tuesday, February 21, 2023

Videogame Industry Struggles to Maintain Growth Amid Declining Consumer Spending


In response to a decline in spending, companies are canceling games and implementing cost-cutting measures.
  • Videogame publishers are canceling games and cutting costs amid a slowdown in spending by players, reversing some of the growth made during the pandemic.
  • The decline in consumer spending on mobile games, the biggest and fastest-growing segment of the industry, was significant, at 12% last quarter compared with a year earlier.
  • Established blockbusters like Call of Duty and FIFA are receiving more funding than new properties and niche titles, and tech-industry heavyweights that made bets in video gaming are pulling back on the sector.
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Monday, February 20, 2023

AI Becomes Silicon Valley’s Next Buzzy Bandwagon as Crypto Boom Fizzles




"Part of what’s going on with the talent migration to AI is that layoffs and a refocusing on efficiency at big tech companies are liberating more senior engineers and executives to strike out on their own—aided by generous severance packages..."

As the field of artificial intelligence (AI) continues to grow and evolve, more and more entrepreneurs are seeking to capitalize on this cutting-edge technology by starting their own companies. Small AI firms have gained attention as a way for entrepreneurs to bring innovative ideas to the market and for investors to support promising new startups. In this article, we will explore the rise of AI startups and the investment opportunities they present for venture capitalists and angel investors.
  • Small AI firms have gained attention as a way for entrepreneurs to bring innovative ideas to the market and for investors to support promising new startups.
  • Small companies in the AI industry can be more nimble and focused, able to pursue specific niches or develop innovative new products and services.
  • Investing in small AI firms presents unique opportunities for venture capitalists and angel investors to participate in the growth and evolution of the field, while potentially receiving high returns.
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Sunday, February 19, 2023

Inside Meta's Innovative Solution to Tackle Noisy Office Environments


The point was completely missed and timing was oblivious.

Given the current economic downturn, shifting employee priorities, and the emergence of new remote work tools, the appeal of returning to a physical office, even one as quiet as "The Cube," is downright ugly. 

It's ironic that the new invention is called "The Cube." 

It's possible to give Meta the benefit of the doubt and suggest that it's merely bad timing, but the reality is that the company is out of touch with the current situation. In fact, it seems like a rather obtuse move.
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Meta Platforms Inc., the parent company of Facebook, is developing a new solution to address the challenge of noisy office spaces. The company is rolling out a noise-canceling cubicle called "The Cube," which is designed to absorb sound from multiple directions and provide workers with uninterrupted, heads-down work. The Cube is similar to soundproof, echo-free anechoic chambers and offers a cocoon-like environment for employees.

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Greg Walters, Incorporated
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