TECH - What's New In the Consumer Tech World Last Week? News That You Should Know (June 2-June 8 2024) | Benzinga
Earlier this week, former President Donald Trump made a surprising move by joining TikTok, the social media platform he once sought to ban. His account has amassed more than 5 million followers, surpassing the Joe Biden campaign’s following.
In a significant shift in the venture capital landscape, U.S. startups are increasingly distancing themselves from Chinese investors. This move comes as firms anticipate a tightening of foreign ownership regulations by U.S. authorities.
The United Arab Emirates is pursuing a strategic partnership with the United States in artificial intelligence (AI), aiming to leverage its petrochemical wealth to emerge as a global AI powerhouse.
Gaming
Adjust’s 2024 Mobile App Trends report shows that mobile games accounted for 49% of the global games market revenue in 2023, totaling $90.4 billion. The study — which analyzed data from January 2022 to January 2024 — noted a 6% year-over-year increase in in-app revenue for game apps.
The Middle East and North Africa (MENA) and Asia games market experienced a 4.6% increase year-on-year, reaching $85.5 billion in 2023, and is projected to rise to $97.1 billion by 2028.
Take-Two Interactive Software Inc. (NASDAQ:TTWO) is reportedly closing Intercept Games and Roll7, part of a plan to sell or shut down Private Division.
Take-Two Interactive’s Rockstar Games is gearing up for another substantial update to Grand Theft Auto Online, which will be released in June. The June update adds bounty hunting and police missions, plus new content creator features.
Read: Summer Game Fest 2024: Big Reveals, Key Updates — And What’s Off The Table
Sony Group Corp.’s (NYSE:SONY) Naughty Dog, the developer known for The Last of Us and Uncharted franchises, is currently working on “multiple single-player projects”.
Sony has announced the upcoming release of a PC adapter for its PlayStation VR 2 (PSVR 2) headset, scheduled for Aug. 7.
Sony PS5 boxes remove the 8K tag, signaling a shift from high-resolution hype. As observed by Digital Foundry’s John Linneman, the new packaging now only shows features like 4K/120 fps and HDR.
Read: Guess How Much This Counter-Strike Skin Just Sold For
Palmer Luckey, the founder of Oculus and Anduril Industries, has made a comeback to the gaming industry with a new product — a pixel-perfect ultrabright magnesium gaming device, which is a modern take on the classic Game Boy, retailing at $199.
Also Read: Paving The Way For Microtransactions? The Sims 4 Introduces Controversial Battle Pass-Style Events
Streaming Platforms, Social Media & Others
Netflix Inc. (NASDAQ:NFLX) has announced the postponement of the highly anticipated boxing match between Mike Tyson and Jake Paul ...