Gaming market melts down after Google reveals new AI game design tool — Project Genie crashes stocks. (A.K.A . Investors panic because they don't understand what "real" videogames are)
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... That kinda sorta works for companies, not so much for people looking to make some kind of probably leveraged bet.
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is it? stock prices are still quite high
Don't follow me for advice, I know nothing about this stuff other than "line is down - buy, line is high - sell"
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How is everyone involved at every step of this so utterly mentally impaired
Most of the shareholder oligarchs who own our economy are lead poisoned boomers and this is all just their way of competing with each other for the top spots on the forbes richest people list.
... Yeah... yeah.
Yeah that pretty much is the actual answer.
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... That kinda sorta works for companies, not so much for people looking to make some kind of probably leveraged bet.
It works for individuals too. When I sold some shares a couple parcels were at a loss so I was able to offset the gains on other shares.
You do have a limit on how long you can carry the losses forward and they only offset capital gains not regular income tax.
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Yesterday, Google announced Project Genie, a new generative AI tool that can apparently create entire games from just prompts. It leverages the Genie 3 and Gemini models to generate a 60-second interactive world rather than a fully playable one. Despite this, many investors were scared out of their wits, imagining this as the future of game development, resulting in a massive stock sell-off that has sent the share prices of various video game companies plummeting.
The firms affected by this include Rockstar owner Take-Two Interactive, developer/distributors like CD Projekt Red and Nintendo, along with even Roblox — that one actually makes sense. Most of the games you find on the platform, including the infamous "Steal a Brainrot," are not too far from AI slop, so it's poetic that the product of a neural network is what hurt its stock.
Unity's share price fell the most at 20%, since it's a popular game engine. Generally speaking, that's how most games operate: they use a software framework, such as Unity or Unreal Engine, which provides basic functionality like physics, rendering, input, and sound. Studios then build their vision on top of these, and some developers even have their own custom in-house solutions, such as Rockstar's RAGE or Guerrilla's Decima.
Classic GenAI marketing BS :
- show a superficial demo (literally it's JUST the surface of the things you claim you can "generate")
- imply that we are on the "brink" of radical change so we "just" have to wait then the "rest" will be generated
- move on to the next grandiose claim to make sure nobody goes beyond the surface
It's so obvious it's painful. Sure it's not random, sure there is "progress" but it's NEVER tackling the hard problem. What makes a game fun or exciting isn't the generated world, only a non gamer would claim that.
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Basically you don't understand. Investors sell when they think the companies will fuck shit up. That could be because they think the product is obsolete, or it could be that they think manglement is going to do dumb shit. Take your pick. Remember, it's gambling about the future, not about what's right or reasonable.
Try to apply that logic to any of Elon's stocks.
Like, I generally agree with you, but... no one can possibly do any kind of analysis on TSLA, and Elon, and conclude anything other than:
Everything about this is completely insane and makes no sense.
Oh hi I'm Elon Musk, my car company only exists because of tax credits for EVs, and I just spent a squagillion dollars to elect a guy who will cancel those.
Oh, also, we build C3POs now, not cars.
Even though they're decades behind already existing humanoid robots, being built by another car company (Hyundai), who acquired an actually ground breaking an revolutionary robotics firm (Boston Dynamics).
Also, please given Elon a squagillion dollars, to incentivize him to keep performing his super duper CEO magic.
... fucking what? He's an actual madman, not a suave and calculating Bond villain, he's a fucking lunatic!
... Does any of this not qualify as 'management is going to do dumb shit?'
(also i am not sure if 'manglement' was an intentional joke or unintentional misspelling, but that will now be the word I am using in place of 'mismanagement', hahah!)
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the more mentally impaired you are the more susceptible you are to chasing gains
...j-just... just gimme s-s-some gains bro, I need more GAINS!
I NEEED LINE GO UP!
I NEED IT BAD, MAN!
... you g-got any gains bro? P-please!
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It works for individuals too. When I sold some shares a couple parcels were at a loss so I was able to offset the gains on other shares.
You do have a limit on how long you can carry the losses forward and they only offset capital gains not regular income tax.
I mean it sounds like we are in agreement then, that this works better for companies than it does for individual/retail investors.
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More games? Yes.
Better games? Very unlikely.
There are already 99 slop games for every good game.
If everyone in the world suddenly created a video game and 99.999% of them are garbage, but 0.001% of them were good, that's still 8,000,000 good games.
Vastly increasing the number of video games released undoubtedly leads to more good games. The problem at that point is more finding them rather than questioning whether or not they exist.
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Always has been.
Not always. It has been for longer than we've been alive, but stock originated as a way to fund merchant voyages - you paid a share of the costs and got a share of the proceeds (in merchandise or in the sale value of that merchandise) when the ship came in.
Literally the origin of the phrase "your ship has come in".
Then people started speculating over the future value of and trading those shares while the ship was still at sea, then the concept got generalized beyond merchant voyages, etc and here we are where it's more like the art market where things are worth whatever someone will pay and that value isn't necessarily tied to anything concrete.
Yeah no I wouldn't bet on the concrete market right now. Carbon taxes will likely continue to put a damper on those.
Better bet on the fictitious market, I head there's some great sci-fi and general fantasy about to be released.
(Sorry, I just had to make that joke right now to vent)
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If everyone in the world suddenly created a video game and 99.999% of them are garbage, but 0.001% of them were good, that's still 8,000,000 good games.
Vastly increasing the number of video games released undoubtedly leads to more good games. The problem at that point is more finding them rather than questioning whether or not they exist.
At some point it's basically just the library of Babel.
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At some point it's basically just the library of Babel.
Ya haha, would you want to live in that world? I mean I feel like if we had enough people sorting the garbage we could find the gold.
