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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 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". .
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. .
Volvo Cars surged on the stock exchange
The Stockholm stock exchange's broad OMXS index rose 0. 6 percent on Tuesday.
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.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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