$CDR.WA getting canned for -8% along with
$TTWO $RBLX and some other video gaming sector, as a reaction to Genie 3 product launch, Google’s latest AI 3D Environment creator.
Obvious overreaction. For one thing, it takes a LOT more than some AI prompts to make a playable, functioning game. Then after the fact it takes quite a bit more still to make a *good* game. AI has no intrinsic creativity and crap storytelling abilities. Beyond that, even *IF* the cost of producing games comes down due to AI, does the market really think the prime beneficiaries won’t be the already popular franchises with scale, massive devteams (currently) and beloved IP?