Tech Tycoon’s Family Office Bets on AI to Prop $10 Billion Fund

Square Enix recently announced a new medium-term business plan to focus on multi-platform releases and games delivering on the premise of “fun.” However, it also outlined plans to “rebuild overseas business divisions from the ground up,” which meant “optimizing costs at its European and American offices via structural reforms.” Unfortunately, it seems layoffs are part of the equation.

20th Century Fox’s Kingdom of the Planet of the Apes went bananas this weekend, raking in a reported $55-56M per Deadline. Strong previews and a $20 million Saturday propelled the sci-fi adventure to the top of the charts, while a $72.5M international haul pushed its global tally to $129M ($13.2M from Imax).

Microsoft on Sunday announced four billion euros in investment for developing data centres in France, joining fellow US giant Amazon in committing to the country's tech infrastructure.

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

SyFy’s Chuckyseries is a lot of things: A bold continuation for a franchise with a high hit rate, one of the funniest shows on TV, and a series that consistently takes big, outrageous swings. A place where one of the most talented father-daughter duos in Hollywood can work together like they never have before.

Universal’s The Fall Guy stumbled out of the gates, earning $28.5 million in its opening frame, far below the $35M many anticipated, per Deadline. That’s about on par with most comedies of this ilk (see Sandra Bullock’s The Lost City), but David Leitch’s action comedy cost anywhere between $130M-$150M to produce and needed to get off to a strong start, particularly considering the upcoming competition.

Even though generative AI is a recent development, there's already strong evidence that, like the steam engine, it possesses all the characteristics are needed of a general-purpose technology, argued Andrew McAfee, the Co-Founder and Co-Director of 'MIT's Initiative on the Digital Economy' and a Principal Research Scientist at the MIT Sloan School of Management.

India has become a key market for global tech giants, with a burgeoning developer base attracting significant attention. Tim Cook, CEO of Apple, expressed his contentment with India's growing developer community, underlining Apple's holistic approach covering everything from developer support to market strategies and operational efficiency.

‘s appearances in upbeat movies like The Fall Guy and Barbie are no accident, as the actor has provided an insight into the film roles he selects. Here’s why Gosling no longer takes any “dark” roles.

Google has filed its objections against Epic Games' recent call for the courts to enforce a variety of changes to policies regarding the Google Play store and its associated payment system.

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Revolutionary RPG Baldur's Gate 3 was the surpise hit of 2023; a confluence of contributing factors that led to Larian's creating a once-in-a-generation level experience. But Larian has left the building, moving onwards and upwards, and ultimate IP holder Hasbro has already made a $1 billion bet on internal game development.