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Video game company stocks fall after Google launches Project Genie

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Today, Google released the first public version of Project Genie to its AI Ultra subscribers. Powered by generative AI, this innovative service allows users to create open worlds that can be explored much like in a video game.

The prospect of such technology has sent waves through the financial industry. Following the news, multiple high-profile video game company stocks experienced a decline. Notable stocks affected include Take-Two Interactive, the publisher of the Grand Theft Auto series, game engine developer Unity, and CD Projekt Red, the team behind popular titles such as The Witcher 3 and Cyberpunk 2077.

Although Google’s official blog post doesn’t directly mention or equate Project Genie with video games, the implications are clear when you see it in action. Several videos have already gone viral on social media, with users trying to emulate the style of FromSoftware’s Dark Souls series or imagining what gameplay in Grand Theft Auto 6 might look like using Project Genie.

This release marks a significant step forward in generative AI technology, with potential impacts that extend well beyond the gaming industry. As more users explore the capabilities of Project Genie, its influence is likely to grow even further.
https://www.shacknews.com/article/147664/video-game-stocks-down-google-project-genie

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