Next month’s promising Immortals of Aveum, an EA-published first-person game that puts players in control of a magic-wielding soldier, owes much of its existence to its lead designer’s killer resume and his wealthy friend.
Driving the news: Immortals is the debut game from independently owned Ascendant Studios, and a rare, wholly original non-sequel from a major publisher.
There are now active conversations in both chambers of the U.S. Congress that would provide regulatory clarity to cryptocurrency firms, particularly on the vexing question of which assets are securities and which are commodities.
Why it matters: The cryptocurrency industry has been begging lawmakers for years for updated rules that will allow decentralized assets to trade and be used by larger numbers of people.
TikTok's popularity shows no signs of waning, even as some users voice concerns about the app's potential threat.
Why it matters: More than 40% of Americans who say TikTok poses a threat to national security still use the app, according to a new Pew Research Center survey.
The Federal Trade Commission is opening an investigation into ChatGPT maker OpenAI, exploring how the company manages risks, a source familiar with the matter confirms to Axios.
Why it matters: The FTC has been warning that consumer protection rules apply to generative AI companies, and kicking off an investigative shows the agency keeping its word.
Two former Celsius executives including ex-CEO Alex Mashinsky have been indicted and charged with fraud in connection with the crypto lender’s collapse.
Why it matters: Mashinsky has long been under a cloud of suspicion, hit in January with a civil suit from the New York attorney general accusing him of defrauding hundreds of thousands of investors.
After years of public 5G networks rolling out nationwide, the biggest mobile network action is now in private 5G networks.
The big picture: The private networks are popping up not just in places where they were long expected, such as schools and hospitals, but also at sports events, festivals, construction sites and mines — anywhere businesses are trying to wow their customers or speed up operations.
The Federal Trade Commission on Wednesday said it would appeal a decision by a U.S. court to allow Microsoft to acquire gaming giant Activision Blizzard for nearly $70 billion.
Why it matters: It's likely the FTC's last chance to block a merger before an injunction barring the deal expires this weekend.
Elon Musk officially launched his AI startup, xAI, on Wednesday afternoon.
Why it matters: The announcement, made on Twitter, comes amid a heated race across tech giants to develop generative AI products for businesses and consumers, and as workers grow more anxious about the implications that artificial intelligence will have on their jobs.
Microsoft disclosed in a blog post Tuesday night that a China-based hacking group gained access to an unspecified number of email accounts across approximately 25 organizations.
Why it matters: Many of the accounts affected are tied to government agencies and individuals likely associated with those agencies, Microsoft said.
U.S. antitrust regulators are zeroing in on private equity, after mostly ignoring the industry for decades.
Driving the news: The Justice Department "is nearing a decision" on whether to challenge Thoma Bravo's proposed $2.3 billion take-private buyout of identity management firm ForgeRock, per Politico.
Microsoft’s $69 billion bid for Activision hasn't closed yet, but it has already changed the tech giant — and stands to significantly alter the overall video game industry.
Driving the news: The deal is nearer to closing than ever thanks to a federal judge’s ruling Tuesday denying the Federal Trade Commission’s request for a preliminary injunction.
