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So we have to talk about the drama that has been playing out in the past week between OpenAI and Elon Musk. According to OpenAI, Elon Musk wanted majority, equity, initial board control, and to be CEO of this new for-profit subsidiary. It’s basically —casey newtonIt’s like, I’m going to find a way to follow your rule, but in the worst way possible. Like, working was one I thought that, oh, I’m going to work in this all the time. kevin roose[LAUGHS]: Well, I thought, like, I’m going to take some spatial videos.

Persons: casey newton Casey, kevin roose, casey newton, Kevin, casey newton What’s, Kevin Roose, Casey Newton, OpenAI, Will, Joanna Stern, Casey, it’s, kevin roose I’m, Elon Musk, It’s, casey newton Let’s, Elon, he’s, I’ve, casey newton What’d, there’s, you’ve, we’re, GPT, Sam Altman’s, that’s, AGI, Annie “, Sam Altman, who’s, isn’t, “, we’ve, ” casey newton Go, He’s, Ilya Sutskever, Greg Brockman, Ilya, casey newton Yes, Tesla, casey newton Well, they’ll, casey newton Oh, kevin roose It’s, don’t, kevin roose Will, casey newton Right, casey newton Mhm, kevin roose They’re, Microsoft’s Bing, Microsoft Bing, Bing, Apple, Europe — casey newton, Charles Duhigg, John Gruber, they’ve, casey newton It’d, — casey newton, they’re, They’ve, you’ll, Apple’s, casey newton It’s, I’ll, casey newton Sure, GDPR, you’re, kevin roose Really, let’s, kevin roose Casey, kevin roose —, Jonah Stern, casey newton Wow, Joanna, Let’s, kevin roose Joanna Stern, joanna, casey newton Hi, kevin roose Long, joanna stern, —, kevin roose We’re, Kara Swisher, kevin roose Don’t, I’m, casey newton Don’t, casey newton That’s, Neil Patel, Um, kevin roose That’s, kevin roose Sure, casey newton Great, KEVIN, IV, wearables, Fitbits, kevin roose Oh, hadn’t, casey newton —, casey newton I’ve, Joe Rogan Organizations: The New York Times, Elon, Apple’s, OpenAI, Microsoft, Google, Google’s, Facebook, Tesla, Big, European Union, Digital Services, Giants, Apple, Digital Markets, EU, Bloomberg, Digital, Spotify, General, Apple Vision Pro, Street, Apple Vision, Vision, New York Times, “, Housewives, Club, Ray, Tesla Chargers, Vision Pro, Apple Watch, Sony Locations: Los Angeles, Europe, what’s, Elon, OpenAI, Japan, South Korea, Turkey, United Kingdom, United States, Reddit, American, America, California, Florida, United, Mars, The

☆ 'Grand Theft Auto VI' means every day is an office day for Rockstar workers
▼ + stars: | 2024-03-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +4 min

The developer behind the Grand Theft Auto games has asked employees to return to the office five days a week from April, per Bloomberg, as it enters the final stages of development for the franchise's next installment, "Grand Theft Auto VI." AdvertisementHello @X, watch Grand Theft Auto VI Trailer 1 pic.twitter.com/smzxOLhh4o — Rockstar Games (@RockstarGames) December 5, 2023IP and sales worth billions on the lineSecurity has always been a huge priority at Rockstar. But in the run-up to the release of "Grand Theft Auto VI," Rockstar, which adopted remote work during the COVID-19 pandemic, has had several security issues to contend with. The Independent Workers Union of Great Britain (IWGB) said the decision by Rockstar came a year after 170 Rockstar workers signed a petition "opposing mandatory 3-day office work." Rockstar workers represented by the union accused the developer of "broken promises" and said they had concerns around a "heightened risk of overwork," which the company has been criticised for in the past.

Persons: —, Jenn Kolbe, Ned Luke, he'd, Jason Schreier Organizations: Service, Theft, Bloomberg, Business, Rockstar, Twitter, Independent Workers Union of Great Locations: Independent Workers Union of Great Britain

☆ Sony to release a 'Pro' version of the PlayStation 5 this year after cutting outlook, analysts say
▼ + stars: | 2024-02-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

In this article 6758.T-JP Follow your favorite stocks CREATE FREE ACCOUNTSony aims to sell 18 million PlayStation 5 consoles in its financial year ending in March 2023. Thiago Prudencio | Lightrocket | Getty ImagesSony is likely to release a refreshed version of the PlayStation 5 this year, analysts told CNBC, after the company cut its forecast for sales of its flagship console. When this has happened in past console cycles, gaming firms have looked to bring out a refreshed piece of hardware to reinviograte sales. For example, Sony launched a "Pro" version of the PlayStation 4, the previous generation console, around three years after the PS4 was initially launched. Analysts are now expecting a PlayStation 5 Pro from Sony.

Persons: Thiago Prudencio, Serkan Toto Organizations: Sony, Lightrocket, Getty, PlayStation, CNBC, Analysts, Kantan Games Locations: Tokyo

☆ The 'Grand Theft Auto 6' halo effect is causing decades-old GTA games to dominate on Netflix
▼ + stars: | 2024-02-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

AdvertisementPeople are so excited for "Grand Theft Auto 6" that decades-old GTA games are shooting to the top of Netflix's gaming platform. The "Grand Theft Auto Trilogy" — released in 2021 — combines three classic titles from the series: "Grand Theft Auto III," "Grand Theft Auto: Vice City," and "Grand Theft Auto: San Andreas." After Netflix Games added the "Grand Theft Auto Trilogy" to its platform, it quickly became their top games, according to Netflix. Zelnik said the announcement of "Grand Theft Auto 6" in December has had a "halo effect across the entire franchise." Take Two CFO Lainie Goldstein said sales of "Grand Theft Auto V" also "exceeded expectations" last quarter.

Persons: —, Strauss Zelnik, Zelnik, Lainie Goldstein, Goldstein Organizations: Service, Interactive, Rockstar Games, Auto, Vice, Netflix, Netflix Games, Business Daily, Nasdaq Locations: Andreas

☆ I moved to Montreal to be with a man I met on Xbox. It was a bigger culture shock than I expected.
▼ + stars: | 2024-02-09 | by ( Elle Hardy | ) www.businessinsider.com time to read: +5 min

I spent almost my entire life in Massachusetts until I met my now husband, Marc, six years ago. He's from Montreal, and we met online while playing Grand Theft Auto on Xbox. I'm a pet sitter, so once I got my PR, I could start pet sitting and dog walking here. Quebec is different from the rest of North AmericaThe culture shock was more than I expected. I'm much more confident now, and sometimes when I think I'm going to say something in English, French comes out first.

Persons: —, Melissa Rebelo, Marc, Sauve, poutine, Sauve It's, It's, it's, Thomas, Frank Pepe's Organizations: Service, Business, Facebook Locations: Sauve, Massachusetts, Montreal, Boston, Canadian, Quebec, North America, you'll, Springfield , Massachusetts, Canada, Connecticut

☆ I quit my job at 30 to make comedy skits on YouTube. 2 years later, I have millions of followers and worked with Disney.
▼ + stars: | 2024-02-08 | by ( Amanda Perelli | ) www.businessinsider.com time to read: +7 min

Read previewThis as-told-to essay is based on a conversation with Corey Tonge, a 32-year-old content creator who makes comedy skit videos for YouTube and TikTok. I've always been a gamer, but I never thought I could build a following by making skits about video games. But I transitioned to YouTube quickly because, for me and most creators, YouTube is the golden platform of sustainability. After I work with a brand, I'll add the people I worked with on LinkedIn. Aside from Disney, I've now worked with Amazon Prime, Netflix, and PlayStation on paid deals, and every single person that I've worked with or pretty much spoken to I've later added on LinkedIn.

Persons: —, Corey Tonge, I've, Guy, I'd, It's Organizations: Service, YouTube, Business, Disney, Apple, LinkedIn, Amazon Prime, Netflix, PlayStation Locations: TikTok

☆ Disney’s Bob Iger says the company has turned a corner. The stock is shooting higher
▼ + stars: | 2024-02-07 | by ( Samantha Delouya | ) edition.cnn.com time to read: +5 min

However, Disney continues to lose money in its streaming service business, though it has cut those losses compared to last year. The announcement of a planned ESPN service comes one day after ESPN, along with Fox Corporate and Warner Bros. it’s pretty dramatic in terms of the amount of time spent in games,” Iger said on CNBC. Disney’s foray into the video gaming space comes as competitor Netflix also ramps up their expansion into video games. In December, Netflix launched three mobile-friendly games from Grand Theft Auto, one of the best selling video game franchises ever.

Persons: CNN —, Bob Iger, Disney, ” Iger, Taylor, ”, Iger, “, Nelson Peltz, ‘ Fortnite, Alpha, Maruf Organizations: CNN, CNN — Disney, Wall, ESPN, Disney, Hulu, CNBC, Netflix, Fox Corporate, Warner Bros ., ‘, Epic Games, Theft Locations: Hulu, India

☆ Earnings report: Netflix releases their fourth quarter numbers as their stock jumps
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +3 min

CNN —Netflix announced a major boost in sign-ups in the fourth quarter on Tuesday. The company added more than 13 million subscribers for the quarter, compared to Wall Street’s expectation of 8.7 million. While Netflix added 1.2 million paid subscribers in the fourth quarter in the US, much of the strongest subscriber growth came internationally from Europe and Asia. The company posted revenue of $8.8 billion for the fourth quarter but came short of Wall Street’s expectations for earnings-per-share at $2.11, according to Factset estimates. The fourth quarter also saw a big expansion in Netflix’s video game offering.

Persons: Amy Reinhard, Netflix’s, “, we’ve, We’re Organizations: CNN, Netflix, Gaming, WWE, USA, Formula, Theft Locations: Europe, Asia

☆ Netflix earnings: Will the streaming service continue to make profit into 2024?
▼ + stars: | 2024-01-23 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

Netflix, which is in a quiet period ahead of earnings, declined CNN’s request for comment. In November, Netflix aired its first-ever live sports event, and its third-ever foray into live programming, called “The Netflix Cup,” a crossover competition between Formula 1 drivers and professional golfers. “We are investing heavily in increasing our live capabilities,” Netflix’s co-CEO Ted Sarandos said on the company’s earnings call in October. Next, Netflix plans to experiment with a new type of live programming: award shows. But even before the announcement, the number of shows and original programming Netflix churned out had already hit its peak, according to data analyzed by MoffettNathanson.

Persons: ’ ”, Jessica Reif Ehrlich, Reed Hastings, Amy Reinhard, Netflix’s, Reif Ehrlich, Philip Pacheco, ” Netflix’s, Ted Sarandos, Greg Peters, ” Peters, Matthew Harrigan, ”, Scott Stuber, Max, Peacock, MoffettNathanson, Harrigan, ” Harrigan Organizations: Los Angeles CNN, Netflix, Warner Bros, Bank of America, Guild of America, Netflix Inc, Bloomberg, Getty, Formula, Theft, Amazon, Hulu, Disney, Paramount Locations: Hollywood, FactSet

☆ Take-Two's Rockstar Games unveils 'GTA VI' trailer, to release game in 2025
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +1 min

Grand Theft Auto The Trilogy by Take-Two Interactive Software Inc is seen for sale in a store in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsDec 4 (Reuters) - Rockstar Games, owned by Take-Two Interactive Software (TTWO.O), on Monday released a trailer of the latest installment of its best-selling "Grand Theft Auto" (GTA) videogame franchise, ending a years-long wait. "GTA VI" will be released in 2025, according to the trailer posted to the studio's YouTube channel, after a version was leaked on social media. The teaser for the game came in more than a decade after the launch of its predecessor and will coincide with the 25th anniversary of Rockstar Games. A hack last year released dozens of development videos of "GTA VI", showing footages of robberies, gunplay and open-world driving in what was one of the biggest gaming leaks.

Persons: Andrew Kelly, Grant, Chandni Shah, Sherry Jacob, Phillips Organizations: Inc, REUTERS, Rockstar Games, YouTube, Thomson Locations: Manhattan , New York City, U.S, Bengaluru

☆ As the Grand Theft Auto VI trailer drops, Elon Musk says he's never been able to get into GTA because he can't bring himself to commit virtual crimes
▼ + stars: | 2023-12-05 | by ( Tom Carter | ) www.businessinsider.com time to read: +2 min

The first trailer for Grand Theft Auto 6 finally arrived on Monday — but Elon Musk isn't a fan. He said he didn't finish GTA 5 as he couldn't bring himself to shoot virtual police officers. GTA 5 is one of the most popular video games of all time, selling 190 million copies since 2015. AdvertisementThe internet is on fire after the first trailer for Grand Theft Auto 6 finally dropped — but Elon Musk is unlikely to be picking up a copy when the game comes out in 2025. AdvertisementThe trailer for Grand Theft Auto 6 was released on Monday, a day earlier than planned after it was leaked on social media .

Persons: couldn't, —, Elon Musk, Musk, Musk's Organizations: Elon, Service, phenomenally, SpaceX, New York Times Locations: Miami

☆ First look at Grand Theft Auto VI: Next installment launching in 2025
▼ + stars: | 2023-12-05 | by ( Steve Kovach | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirst look at Grand Theft Auto VI: Next installment launching in 2025CNBC's Steve Kovach joins 'Squawk Box' with a first look at latest installment in the the Grand Theft Auto franchise.

Persons: Steve Kovach Organizations: Theft Auto

☆ Stocks making the biggest moves premarket: GitLab, CVS Health, Take-Two Interactive & more
▼ + stars: | 2023-12-05 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The company posted its first adjusted operating profit and said revenue grew 32% year over year. CVS Health —The pharmacy stock climbed 3% in premarket trading after the company provided higher-than-expected revenue guidance for 2024. The auto parts retailer posted earnings of $32.55 per share, topping the FactSet consensus estimate of $31.57 per share. Smucker — Shares of the snack food company rose 3% in premarket trading after J.M. Adecoagro — The Latin American agriculture stock rose 2.3%.

Persons: GitLab, Johnson, Johnson — Johnson, Piper Sandler, AutoZone, Smucker, Adecoagro, —, Jesse Pound, Brian Evans, Sarah Min, Michelle Fox Organizations: CVS Health, CVS, FactSet, Rockstar, Nokia, Ericsson —, Ericsson, UBS, Bank of America, Suisse Locations: Finland, Sweden, Adecoagro

☆ Cramer's Lightning Round: Crocs is 'too dicey'
▼ + stars: | 2023-12-05 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Weyerhaeuser's year-to-date stock performance. Stock Chart Icon Stock chart icon RadNet's year-to-date stock performance. Stock Chart Icon Stock chart icon Stellantis' year-to-date stock performance. Stock Chart Icon Stock chart icon Crocs' year-to-date stock performance. Stock Chart Icon Stock chart icon Masimo's year-to-date stock performance.

Persons: Wes Edens, NextEra, Berger, Stellantis, Crocs, I'm Organizations: Weyerhaeuser, Theft, New Fortress Energy, NextEra, American Electric Power, Apple Locations: Palo Alto

☆ Grand Theft Auto VI publisher's stock tumbles after first trailer reveals the video game won't come out until 2025
▼ + stars: | 2023-12-05 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

The stock tumbled despite the long-awaited release of the first trailer for Grand Theft Auto VI. The video game is set to come out in 2025, meaning it'll have little to no impact on Take-Two's earnings next year. AdvertisementTake-Two Interactive's stock price tumbled in premarket trading Tuesday after the first trailer for "Grand Theft Auto VI" revealed that the hotly-anticipated title won't be released until 2025. AdvertisementPrevious title "Grand Theft Auto V" is one of the highest-selling video games of all time, having shipped around 190 million copies worldwide and netted Take-Two roughly $8 billion worth of revenue. Rockstar's 90-second video also confirmed that the game will take place in Vice City, the Grand Theft Auto universe's equivalent of Miami, and feature both a male and a female protagonist, as previously reported by Bloomberg News' Jason Schreier.

Persons: —, what's, Jason Schreier Organizations: Service, Rockstar Games, VI, YouTube, Twitter, Deutsche Bank, Bloomberg News Locations: Vice City, Miami

The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. "Presently, the markets price in around a 125bp (basis points) cut from the Fed next year," Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, said in a note. Investors will also parse data on U.S. services sector activity from S&P Global and the Institute for Supply Management on Tuesday. ET, Dow e-minis were down 115 points, or 0.32%, S&P 500 e-minis were down 20 points, or 0.44%, and Nasdaq 100 e-minis were down 103 points, or 0.65%. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.

Persons: Caitlin Ochs, Ozkardeskaya, Amruta Khandekar, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Fed, Swissquote Bank, Labor Department, P Global, Institute for Supply Management, Nvidia, Dow e, CVS, PDD Holdings, Baidu, Thomson Locations: New York City, U.S

☆ Stocks making the biggest moves midday: Apple, Nio, CVS Health, GitLab and more
▼ + stars: | 2023-12-05 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading. Nio — The Chinese automaker climbed about 3% after reporting a smaller-than-expected loss in the third quarter. Nio has taken steps to bring down costs recently, including a 10% cut to its workforce last month. CVS Health — Shares gained 4% after CVS said it would overhaul the way it prices prescription drugs . GitLab — The software company's shares jumped more than 12% a day after the company reported better-than-expected results for the fiscal third quarter.

Persons: Nio, GitLab, Adecoagro, Albemarle —, Piper Sandler, —, Samantha Subin, Hakyung Kim, Sarah Min, Alex Harring, Pia Singh, Michelle Fox Organizations: Apple, Bank of America, CVS, FactSet, UBS —, UBS, Suisse, Nokia, Ericsson —, Ericsson's, Ericsson, Albemarle Locations: China, U.S, Monday's, Ericsson's U.S, Sweden, Finland

NEW YORK (AP) — The highly-anticipated trailer for Grand Theft Auto VI arrived a little early after a copy was leaked online. In an early Tuesday brief, Raymond James analysts said that they originally expected Grand Theft Auto VI to arrive in the 2024 holiday season. "It is simply a shift rather than a reduction in expectations.”The first Grand Theft Auto hit store shelves back in 1997. Grand Theft Auto VI will arrive more than a decade after Grand Theft Auto V's 2013 release. Stifel researchers pointed to “exceptionally strong” buzz and pent-up demand following the Grand Theft Auto VI teaser — pointing to the tens of millions of views collected within hours.

Persons: Lucia, Raymond James &, Raymond James, hasn't, ” Organizations: Rockstar Games, Rockstar, Twitter, Software Inc, Associated, Auto, City, Raymond James & Associates, VI, PlayStation Locations: New York, Miami

☆ Rockstar Games publishes Grand Theft Auto trailer early after it was leaked on X
▼ + stars: | 2023-12-04 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Shares of video game publisher Take-Two Interactive Software fell as much as 4% in extended trading on Monday after the company released its trailer for the next version of the Grand Theft Auto game, which will come out in 2025. The video was originally leaked from the account @Gta6trailerleak on X, formerly known as Twitter. After that, Rockstar Games, a subsidiary of Take-Two, published the trailer on YouTube. Grand Theft Auto VI is likely to impact Take Two shares upon its release. Grand Theft Auto V debuted in 2013, and it's now the second best-selling video game in history, having sold more than 190 million copies.

Persons: it's, Sam Houser, Strauss Zelnick Organizations: Twitter, Rockstar Games, Microsoft, Gamers, Rockstar's

☆ GTA 6 leak: ‘Grand Theft Auto’ trailer reveals game’s release date
▼ + stars: | 2023-12-04 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —A trailer for “Grand Theft Auto VI,” the next installment of the wildly popular and violent game franchise, has been released early online after it had leaked. The trailer reveals that the sixth chapter is coming in 2025, according to developer Rockstar Games. The highly anticipated trailer surpassed 32 million views within its first few hours on Youtube. The trailer was originally supposed to go up on Tuesday, December 5 at 9 am PST. Rockstar Games, owned by Take-Two Interactive, has struggled with leaks.

Persons: Lucia, –, Catherine Thorbecke Organizations: New, New York CNN, Rockstar Games, Twitter Locations: New York, Bonnie, Clyde

☆ A recent Grand Theft Auto 6 leak on TikTok may have come from a Rockstar Games employee's kid
▼ + stars: | 2023-12-03 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +2 min

Rockstar Games recently announced the first trailer for the highly anticipated title. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementPurported leaks of Grand Theft Auto 6 footage on TikTok may have come from the child of a Rockstar Games employee, according to reports. Rockstar Games announced Friday that the first trailer for the highly anticipated game will be released on December 5. AdvertisementBREAKING:In a totally unexpected turn of events, it appears the ‘leaked’ footage has come from the son of a Rockstar Games employee.

Persons: —, GTABase, Arion Kurtaj, Kurtaj Organizations: Rockstar Games, Rockstar, Service, Eurogamer, IGN, Police, BBC

☆ These stocks are overbought following November's big market surge
▼ + stars: | 2023-12-01 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

On the flip side, some oversold names could be due for some near-term gains. A 14-day RSI reading above 70 typically indicates that a stock is overbought and could face a pullback. Here are some of the most overbought names: Equifax was the most overbought name on the list, with a 14-day RSI reading of 97.13. Other overbought names on the list include BlackRock and Northern Trust . Stocks that are oversold include Cigna , which has a 14-day RSI of 20.49.

Persons: Equifax, Shlomo Rosenbaum, Nick McKay, McKay, Cigna, Hormel, Fred Imbert Organizations: Dow Jones Industrial, Nasdaq, CNBC, BlackRock, Northern Trust, CNBC Pro, Street, Humana, Cisco, Wynn Resorts, — Locations: Equifax, 2H24

☆ Three ‘Grand Theft Auto’ titles are coming to Netflix's mobile game library
▼ + stars: | 2023-11-29 | by ( Drew Richardson | ) www.cnbc.com time to read: +3 min

Grand Theft Auto V packaging and the Netflix logo are displayed on a phone screen in this photo taken in Krakow, Poland, on Oct. 18, 2023. Rockstar Games originally released "Grand Theft Auto: The Trilogy – The Definitive Edition" for consoles and PC platforms in November 2021 . The release will include "Grand Theft Auto III – The Definitive Edition," "Grand Theft Auto: Vice City – The Definitive Edition" and "Grand Theft Auto: San Andreas – The Definitive Edition." Netflix announced Wednesday that it will make three "Grand Theft Auto" titles available to play for subscribers next month. "Grand Theft Auto" is one of the best-selling video game franchises of all time, shipping more than 405 million units worldwide, according to data firm Statista.

Persons: Andreas –, It's, Ross Benes, Andreas, Wall, Greg Peters, we've, Peters Organizations: Netflix, Rockstar Games, Rockstar, Apple, Auto, Vice City, Intelligence, CNBC PRO Locations: Krakow, Poland

Tuesday started with Nvidia getting more praise from one analyst, and a battery stock downgrade. She has a price target of $40 on shares, which suggests 20.3% upside potential from where shares closed on Monday. The firm initiated the stock with a buy rating and $125 price target, which suggests 7% upside from Monday's close. "3Q brings a narrative change in FREY's outlook with new risks to tech, strategy and funding that's been appropriately discounted by the stock market. He also slashed his price target to $2 from $13, which suggests 14.3% upside from Monday's close.

Persons: Tuesday, Morgan Stanley, Freyr, Paul Matteis, Matteis, Vistagen, — Hakyung Kim, BeautyHealth, Allen Gong, Gong, Benjamin Soff, Soff, Bernstein, Kraft Heinz, Alexia Howard, Howard, Miguel Patricio, Roth, Suji Desilva, Desilva, Morgan Stanley downgrades Freyr Battery Morgan Stanley isn't, that's, FREY, Adam Jonas, Jonas, Vivek Arya, — Fred Imbert Organizations: CNBC, Nvidia, Bank of America, Therapeutics Biotechnology, Vistagen Therapeutics, JPMorgan, Deutsche Bank, Rockstar, Kraft, Kraft Heinz, AMD, Investment, Freyr's, Nvidia Bank of America Locations: U.S, Monday's, Freyr's Norwegian

☆ Take-Two CEO says generative AI 'is going to change the nature of what we do'
▼ + stars: | 2023-11-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

In a Thursday interview with CNBC's Jim Cramer, Take-Two Interactive CEO Strauss Zelnick said generative artificial intelligence has potential to change the company's business. "I do think that generative AI is going to change the nature of what we do, and I think it'll change the nature of many of our games in the future," he said, adding that this change might make the gaming experience more compelling for the consumer and increase the number of gamers in the world. Take-Two shares climbed 5% yesterday after the company announced that the release of a new Grand Theft Auto game was imminent. Grand Theft Auto is run under the label Rockstar Games, which is owned by Take-Two. The last version of the game, Grand Theft Auto V, was released ten years ago and recently surpassed 190 million total buyers.

Persons: CNBC's Jim Cramer, Strauss Zelnick, Zelnick, it's Organizations: Rockstar Games

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