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Ubisoft Reports 159 Million Euro Loss Amidst Industry Challenges

The French gaming giant Ubisoft had hoped that the launch of the latest part of the game series "Assassin's Creed" would save them from red figures – it didn't. The company announces that it will make a net loss of 159 million euros during the years 2024-2025.
Ubisoft Reports 159 Million Euro Loss Amidst Industry Challenges

Ubisoft and Tencent Invest $1.25 Billion in New Gaming Subsidiary

The French gaming giant Ubisoft is to establish a new subsidiary around its most popular game series, including the bestseller "Assassin's Creed". .
Ubisoft and Tencent Invest $1.25 Billion in New Gaming Subsidiary

New Chinese AI - "Better and Cheaper"

The Chinese tech giant Baidu has launched an AI model that is "better and cheaper" than both Deepseek and Chat GPT, they claim. .
New Chinese AI - "Better and Cheaper"

Volvo Cars surged on the stock exchange

The Stockholm stock exchange's broad OMXS index rose 0. 6 percent on Tuesday.
Volvo Cars surged on the stock exchange

WeChat boosts Chinese gaming giant

The Chinese gaming and entertainment company Tencent reports sales of 161 billion yuan, equivalent to 235 billion kronor for the second quarter of the year. An increase of 8 percent compared to the same period last year.
WeChat boosts Chinese gaming giant
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