Sony will expand PlayStation 5’s Game Help feature with the addition of user-generated videos later this year.
08.03.2024 - 02:59 / tech.hindustantimes.com
Broadcom Inc., a chip supplier for Apple Inc. and other big tech companies, predicted that AI spending would fuel growth more quickly than expected this year, even as sluggish demand in other areas weighs on semiconductor sales.
The company's semiconductor division posted revenue of $7.39 billion in the fiscal first quarter, Broadcom said Thursday, missing the $7.7 billion projected by analysts. Still, the chipmaker remains on track for $50 billion in sales during fiscal 2024, which ends in October. That's in line with its previous forecast.
Though an artificial intelligence boom is fueling demand for Broadcom equipment, the company is contending with slower sales in some segments, such as telecommunications. That's hurting its chip business. Broadcom's infrastructure software sales, meanwhile, beat analysts' estimates.
The company's stock, which had been up 26% this year, fell about 1% in extended trading following the announcement. Shares of fellow chipmaker Marvell Technology Inc. also slid in after hours, hurt by a weak forecast. It too has been seen as a beneficiary of AI spending.
Speaking on a conference call with analysts, Chief Executive Officer Hock Tan said AI spending would strengthen this year. The Palo Alto, California-based company now expects the demand to account for 35% of its semiconductor revenue in fiscal 2024, up from a previous forecast of 25%.
Nvidia Corp.'s stratospheric rise in the past year has sent investors looking for other companies poised to get an AI windfall. Broadcom doesn't make Nvidia-style chips — ones used to train the large language models that power AI tools — but it does supply vital networking components and handles custom chip design work. That makes it integral to the giant data centers that are processing AI workloads.
Despite missing estimates for chip revenue, Tan said demand was strong for its networking products from AI data centers and that large cloud computing providers are clamoring for its custom artificial intelligence chips. They are “driving growth in our semiconductor segment,” he said in a statement.
Broadcom's profit was $10.99 a share in the first quarter, excluding some items. Analysts had predicted $10.42 a share for the period, which ended Feb. 4. Total revenue rose 34% to $11.96 billion, compared with an average analyst estimate of $11.8 billion.
Software demand helped make up for semiconductor sales that were more sluggish than predicted. The infrastructure software division posted revenue of $4.57 billion, beating the $4.33 billion projection. Broadcom has suspended quarterly projections while it integrates and restructures its acquisition of software maker VMware.
Broadcom's Tan has built one of the largest companies in the chip industry
Sony will expand PlayStation 5’s Game Help feature with the addition of user-generated videos later this year.
Sony is introducing a new Community Game Help feature on PlayStation 5.
Game Help, which provides developer-created tips and videos to help you progress without leaving the game, has been a staple of players' PlayStation 5 experience since it launched in 2020. Now, Sony has announced Community Game Help, an expansion of the feature allowing you to view hint videos of other users' gameplay across select titles.
Back in 2020, the PS5 launched with a number of notable improvements over its predecessor both in terms of its hardware capabilities and the software features it offered right out the gate- but not all of them were big hits. Game Help, a feature that allows players to view clips of gameplay from game developers to help get past in-game roadblocks, hasn’t exactly taken off since the PS5 launched, though Sony is set to introduce some improvements to it soon.
An update coming to PlayStation 5 later in 204 will add Community Game Help to the system’s existing Game Help feature, Sony Interactive Entertainment announced.
When the PlayStation 5 console launched in 2020, we introduced Game Help to enable players to easily access hints, tips, or walkthrough videos without leaving the game to help them progress through a level, obtain a trophy, or find a coveted hidden item.
It is that time of the year again when speculations arise regarding everything that Apple could unveil at its Worldwide Developers Conference (WWDC). Although even the dates of WWDC 2024 are not finalized, Apple is likely to make a host of announcements related to software and hardware, as is customary. Like every year, the event is expected to be held at the Steve Jobs Theatre in Apple Park, Cupertino, California. If reports are to be believed, iOS 18 could headline this year's conference with a slew of artificial intelligence (AI) upgrades in line, but there's a lot more that could be introduced. From iOS 18 to Mac Studio, here's everything we expect to see this year at Apple WWDC 2024.
Shortly after the Break the Loop puzzle was solved by the community, Google released the date for the upcoming Google I/O 2024. Now, I had a feeling that the event would be held in May, as that has become a tradition, and it turns out that my hunch was correct.
Nvidia Corp.'s annual artificial intelligence conference is just days away and expectations are high for the semiconductor maker to deliver news that will sustain the blistering rally in its stock. “Nvidia GTC,” the company's graphics processing unit technology event, has quickly become a global AI conference for developers. It runs from March 18-21 in San Jose, California, with Chief Executive Officer Jensen Huang due to speak on the opening day. His comments may help Nvidia stock end a bout of volatility and resume its surge of more than 80% this year.
Palworld developers Pocketpair have announced a new Palworld Testing program that asks players of the wildly popular monster-catching survival game to help test future updates and provide feedback on the game, ahead of new content drops being released to the general public. Players can sign-up via a Google Form now if they wish, though Pocketpair stress that "the testing branch is not intended for free play or experiencing new content early, so we hope that only those of you genuinely interested in bug hunting and testing will apply." And presumably, those genuinely interested in also not being paid for their free QA support.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
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