Video game company stock prices dip after Google introduces an AI world-generation tool
TL;DR
Stock prices for major video game companies like Take-Two, Roblox, and Unity fell significantly after Google announced Project Genie, an AI tool for generating interactive experiences. The declines ranged from 7.93% to 24.22%, with concerns over AI's impact on creative industries and environmental issues.
The stock prices of some major video game companies, including Take-Two Interactive, Roblox, and Unity, had notable declines on Friday, just a day after Google announced its Project Genie tool that lets users prompt AI to generate interactive experiences, Reuters reports. Take-Two's stock price closed at $220.30 (down 7.93 percent from yesterday), Roblox's closed at $65.76 (down 13.17 percent), and Unity's closed at $29.10 (down 24.22 percent).
Other AI tools have received significant pushback from artists and creators over allegations of theft of their work to train the underlying AI models, AI's water and electricity usage, and what this …