Tencent Seeks Bigger Stake in ‘Assassin’s Creed’ Maker Ubisoft

Tencent plans to raise its stake in French video game group Ubisoft Entertainment as the Chinese gaming giant pivots to the global gaming market, Reuters reported Thursday, citing four sources with direct knowledge of the matter. From the report: China’s largest social network and gaming firm, which bought a 5% stake in Ubisoft in 2018, has reached out to the French firm’s founding Guillemot family and expressed interest in increasing its stake in the firm, the sources said. It is not clear how much more Tencent wants to own in Ubisoft, valued at $5.3 billion, but Tencent aims to become the single largest shareholder of the French company with an additional stake purchase, two of the sources said, speaking on condition of anonymity. Tencent is hoping to buy a part of the additional stake in Ubisoft, the maker of the blockbuster “Assassin’s Creed” video game franchise, from the Guillemot family, which owns 15% of the firm, three of the sources said. Tencent could offer up to 100 euros ($101.84) per share to acquire the additional stake, two of the sources with knowledge of the internal discussions, said. It paid 66 euros per share for the 5% stake in 2018.

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‘CSS Crimes’ Turn Social Media Posts Into Games

Alexis Ong writes via The Verge: It is a truth universally acknowledged that if you build something on the internet, people will find ways to creatively break it. This is exactly what happened with cohost, a new social media platform that allows posts with CSS. Digging through the #interactables hashtag on cohost reveals a bounty of clickable, CSS-enabled experiments that go far beyond GIFs — there’s a WarioWare mug-catching game, an interactive Habbo tribute, magnetic fridge poetry, this absolutely bananas cog machine, and even a “playable” Game Boy Color (which was, at one point, used for a “GIF plays Pokemon” event). Yes, there’s also Doom. The cohost team embraced the madness. It was the beginning of a creative avalanche that simply isn’t possible on other social media sites — a phenomenon that the cohost community has since dubbed “CSS crimes.”

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Microsoft Justifies Activision Blizzard’s $69 Billion Acquisition By Telling Regulator Call of Duty Publisher Doesn’t Release ‘Unique’ Games

Microsoft has recently tried to justify its $68.7 billion acquisition of Activision Blizzard by telling regulators that the deal with the Call of Duty publisher will not negatively impact the market and other platforms because it does not release “unique” or “must have” games. From a report: In a document presented to the New Zealand Business Acquisitions and Authorisations Commerce Commission, Microsoft claimed that no Activision Blizzard game has “unique” characteristics, so its rivals would do well without Activision Blizzard titles and would be able to compete in the gaming market. “With respect to Activision Blizzard video games, there is nothing unique about the video games developed and published by Activision Blizzard that is a “must have” for rival PC and console video game distributors that could give rise to a foreclosure concern,” the company said.

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Judge Orders Waterloo Business To Name Customers Who Doxxed, Threatened Bungie Employees

An innocent tweet about a wildly popular online multiplayer game led to a terrifying real-life campaign of doxxing and death threats against employees of game company Bungie. The Record reports: Two employees of Bungie, the American company behind “Destiny 2” — a first-person shooter with 40 million users — recently convinced an Ontario judge to order Waterloo-based TextNow to name its customers who made “racist and serious physical threats” against them. TextNow offers users anonymous phone service. […] The two employees sought an “urgent and confidential” court order requiring TextNow to name the customers who made the threats. The judge agreed on June 15 but waited a month before releasing his reasons due to “the serious nature of the allegations of danger.” TextNow collects information about each user, including email address, phone number, IP address, credit card number and logs of calls and texts.

The judge said the employees don’t plan to sue the users in Ontario. “Whether they sue in the U.S. or just give the name to the police, I am satisfied that the exceptional equitable remedy ought to be available to identify people who harass others, with base racism, who dox, abuse personal information, and make overt threats of physical harm and death,” he said. “Our mission is to provide everyone with an affordable way to communicate, and we place a high value on the safety and privacy of our users,” a TextNow spokesperson said in an email to The Record. “From time to time, we receive lawful requests for information. We comply with all valid requests as required by law.”

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Linux May Soon Lose Support For the DECnet Protocol

Microsoft software engineer Stephen Hemminger has proposed removing the DECnet protocol handling code from the Linux kernel. The Register reports: The timing is ironic, as this comes just two weeks after VMS Software Inc announced that OpenVMS 9.2 was really ready this time… That announcement, of course, came some months after the first time it announced [PDF] version 9.2 […]. The last maintainer of the DECnet code was Red Hat’s Christine Caulfield, who flagged the code as orphaned in 2010. The change is unlikely to vastly inconvenience many people: VMS is the last even slightly mainstream OS that used DECnet, and VMS has supported TCP/IP for a long time. Indeed, for decades, the oldest email in this reporter’s “sent” folder was a 1993 enquiry about the freeware CMUIP stack for VMS.

One of the easier ways to bootstrap VMS on an elderly VAX these days is to install it on the SimH VAX hardware simulator, and then net-boot the real VAX from the simulated one. Anyone keen enough to do that will be competent to run an older version of Linux just for the purpose. Although their existence is rapidly being forgotten today, TCP/IP is not the only network protocol around, and as late as the mid-1990s it wasn’t even the dominant one. The Linux kernel used to support multiple network protocols, but they are disappearing fast. […] For a long time, DECnet was a significant network protocol. DEC supplied a client stack called PathWorks to let DOS, Windows and Mac clients connect to VAX servers, not only for file and print, but also terminal connections and X.11. Whole worldwide WANs ran over DECnet, and as a teenage student, your correspondent enjoyed exploring them.

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Robinhood Is Firing Nearly a Quarter of Its Staff

Robinhood is letting go of nearly a quarter of its staff, CEO Vlad Tenev said in a message posted to the company’s blog. The Verge reports: “As part of a broader company reorganization into a General Manager (GM) structure, I just announced that we are reducing our headcount by approximately 23%,” Tenev wrote. “While employees from all functions will be impacted, the changes are particularly concentrated in our operations, marketing, and program management functions.” Robinhood’s chief product officer Aparna Chennapragada is also stepping down from her post as part of the restructuring, according to a filing (PDF) with the Securities and Exchange Commission, though she’ll “remain employed in an advisory role to the CEO or his designee through January 2, 2023.” Chennapragada joined the company from Google in March 2021.

The announcements came as Robinhood released its Q2 2022 earnings information a day earlier than scheduled, reporting total revenue of $318 million over the three months, which is 44 percent lower than the same period in 2021. In April, Robinhood said it planned to cut 9 percent of its full-time staff, but “this did not go far enough,” Tenev said. The company had staffed up assuming that the increased trading after things like the GameStonk phenomenon and bullish crypto markets would carry into 2022 but has run into the headwinds of inflation and the so-called “crypto winter” that are affecting other companies. Those who are affected by the cuts will be able to stay at Robinhood through October 1st at their regular pay and benefits alongside a severance package, Tenev says.

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Raspberry Pi 4 Expands 3D Potential With Vulkan Update

The Raspberry Pi 4 has hit a major graphics milestone, adding support for a more modern Vulkan 3D APIa. Ars Technica reports: Raspberry Pi CEO Eben Upton announced the Pi 4’s Vulkan 1.2 conformance on Monday. Support isn’t available yet in downloadable Pi-friendly operating systems but should be coming soon. For most people using their Pi as a server, a DIY controller, or a light desktop, Vulkan 1.2 conformance won’t be noticeable. Desktop graphics on the standard Raspberry Pi OS are powered by OpenGL, the older graphics API that Vulkan is meant to replace. There is one group that benefits, says Upton: games and other 3D Android applications. Android uses Vulkan as its low-overhead graphics API.

As with most Raspberry Pi advancements, there could be unforeseen opportunities unleashed by this seemingly tiny change. Vulkan 1.2 support gives developers the same 3D-graphics interface (if not anywhere near the same power) as 2019 NVIDIA graphics cards, 2020 Intel chips with integrated graphics, and dozens of other devices. With a Vulkan 1.0 driver installed, developer Iago Toral was able in 2020 to get the original Quake trilogy mostly running on a Pi 4, with not-too-shabby frame rates.

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MicroStrategy Reports $1 Billion Loss, CEO Steps Down To Focus On Bitcoin

MicroStrategy co-founder Michael Saylor gave up his chief executive officer title and said he’ll focus more on Bitcoin after the enterprise-software maker reported a loss of more than $1 billion related to the second-quarter plunge in the price of the cryptocurrency. Bloomberg reports: Saylor, who founded the Tysons Corner, Virginia-based company in 1989, will continue to serve as executive chairman as retains its Bitcoin buying strategy. MicroStrategy President Phong Le will take on the chief executive role. The company also filed with the Securities and Exchange Commission to register 450,000 shares. MicroStrategy took a $917.8 million impairment charge related to the decline in the value of the Bitcoin it holds. Bitcoin tumbled 59% in the quarter, and traded about 45% lower than the price at the end of the year-earlier period.

Revenue dropped to $122.1 million. Analysts polled by Bloomberg expected revenue of $123.25 million in the second quarter. Net quarterly loss of $1.062 billion compared with a loss of $299.3 million in the same quarter of last year. The quarterly loss is almost exactly twice the company’s revenue in the last 12 months. As of June 30, the carrying value of the company’s 129,699 Bitcoins was $1.988 billion, the company said, reflecting the cumulative impairment loss of $1.989 billion. The cumulative amount is now more than Bitcoin on the company’s balance sheet. “MicroStrategy’s original strategy and consulting business needs full-time attention,” said Henry Elder, head of decentralized finance at Wave Financial. “Now Michael can focus on what he does best, promoting Bitcoin. And the company can focus on making more money to buy more Bitcoin. They are basically doubling down.”

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US Gamers Are Spending a Lot Less On Video Games

US consumer spending on video game products has fallen by $1.78 billion in Q2, according to market research firm NPD. Overall, spending in video gaming in the US totaled $12.35 billion in the recent quarter, down 13 percent year over year. The Verge reports: The findings follow both Microsoft and Sony reporting revenue declines in gaming as the pandemic growth slows. […] While overall spending on gaming has clearly declined across the industry in Q2, subscription content “was the only segment to post positive gains,” according to NPD. That growth is despite Sony launching its revamped PlayStation Plus subscriptions at the end of the quarter.

Hardware unit sales were led by Nintendo Switch in the second quarter, according to NPD, with the PS5 generating the highest dollar sales. Despite the declines in spending amid high rates of inflation and following a big period of growth “consumer spending continues to trend above pre-pandemic levels,” says Mat Piscatella, games industry analyst at NPD. “However, unpredictable and quickly changing conditions may continue to impact the market in unexpected ways in the coming quarters.”

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Intel To Introduce Wi-Fi 7 In 2024 As Apple Plans Imminent Move To Wi-Fi 6E

According to a new report from ETNews, Intel is planning to install its next-generation Wi-Fi 7 (802.11be) technology in devices by 2024 as Apple transitions its devices to Wi-Fi 6E. MacRumors reports: Wi-Fi 7 is the successor to Wi-Fi 6E (802.11ax), bringing two times faster data processing speeds of 5.8 Gbps and more stable 6 GHz bandwidth stability, as well as support for up to 36 Gbps when working with data. Intel plans to expand its Wi-Fi 7 development efforts ahead of its introduction to the market in 2024 and intends to apply its technology predominantly in laptops before expanding to other devices. “We are currently developing Intel’s Wi-Fi ‘802.11be’ in order to obtain the ‘Wi-Fi Alliance’ certification, and it will be installed in PC products such as laptops by 2024. We expect it to appear in major markets in 2025,” Eric McLaughlin, vice president of Intel’s wireless solutions division, said at a recent press conference in Asia.

Meanwhile, Apple is on the cusp of transitioning its devices to Wi-Fi 6E. While it was heavily rumored to debut with the iPhone 13 lineup last year, Apple has yet to release any devices with support for Wi-Fi 6E. That is expected to change this year starting with the iPhone 14. Apple’s long-rumored mixed-reality headset is also expected to feature Wi-Fi 6E. Apple analyst Ming-Chi Kuo said that head-mounted display devices in 2022, 2023, and 2024 will offer Wi-Fi 6/6E, Wi-Fi 6E/7, and Wi-Fi 7, respectively, but it is unclear if this information was related to Apple’s product roadmap specifically. “Wi-Fi 6E offers the features and capabilities of Wi-Fi 6, including higher performance, lower latency, and faster data rates, extended into the 6 GHz band for processing speeds of 2.4 Gbps,” notes MacRumors. “The additional spectrum provides more airspace beyond existing 2.4GHz and 5GHz Wi-Fi, resulting in increased bandwidth and less interference.”

Other tech giants like Qualcomm, Broadcom, and MediaTek are also planning to release Wi-Fi 7-based products in the next few years.

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