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The Murrieta Police Department has been using Lego heads and emojis to cover people's faces in posts on social sites since at least early 2023. “Why the covered faces?” the department wrote March 18 in an Instagram post that featured five people in a lineup, their faces covered by Lego heads with varying expressions. The post went on to reference a California law that took effect Jan. 1, limiting departments in sharing mugshots on social media. The California law’s primary sponsor, Assemblymember Corey Jackson, said that while the Lego heads protect people's privacy, he wonders how Murrieta residents see it. “Do they want people, who are being paid with their tax dollars, be paid to put Lego faces on people so it can be shown on social media?
Persons: , Jeremy Durrant, ” Durrant, Assemblymember Corey Jackson, ” Jackson, “ That’s, Jackson, Organizations: ANGELES, Murrieta Police Department, Associated Press, Department of Justice Locations: Southern California, California
That's what Nvidia needed semiconductor design firm Synopsys to do to make this next generation of chips. Right now, Nvidia has had not one, but two different breakthroughs: Accelerated computing at a ridiculously fast speed and generative artificial intelligence. I think Jensen regards Dell as a crucial partner when it comes to installing Nvidia's systems anywhere. Do I think Nvidia would like to do more business with Apple? I think Nvidia would like to do more business with everyone, including alleged opponent Intel .
Persons: Abraham Lincoln, David Herbert Donald, Jensen, It's, Jensen Huang, Lincoln, Leonardo da Vinci, da Vinci, he's, Blackwell, Grace Hooper Superchip, , Moby Dick –, that's, they've, Adam Selipsky, Jensen laughingly, Claude, Anthropic, Dell, Michael Dell, Jensen's, it's, dink, I'm, Johnson, J, Abbott, Reckitt Benckiser, we've, CrowdStrike, ServiceNow, Bill McDermott, Tesla, Elon Musk, Lora Kolodny, That's, Frank Slootman, Ansys, Synopsys, isn't, Sundar Pichai, Satya Nadella, Larry Ellison, Nvidia's Blackwell, Mark Zuckerberg, Jim, Tim Cook, Cook, Apple, Jim Cramer's, Jim Cramer, Josh Edelson Organizations: Lincoln, GTC, Nvidia, GTC –, CNBC, Amazon, Microsoft, Google, Dell Technologies, Club, Dell, Siemens, Rockwell Automation, Cadence Design Systems, Nvidia's, Johnson, Abbott Laboratories, GE Healthcare, cybersecurity, Palo Alto, Palo, Snowflake, AMD, Autodesk, Cadence, Computer, Oracle, Apple, Justice Department, Intel, Vision, Jim Cramer's Charitable, SAP Center, AFP, Getty Locations: U.S, Silicon Valley, Lincoln, Here's, Palo Alto, Pittsburgh, Switzerland, San Jose , California
Four of investors' top five favorite destinations are in Europe, according to the Milken Institute's Global Opportunity Index (GOI) report. The country ranked fifth in the financial services category, which evaluates the overall financial system in a nation as well as the accessibility to finance. Among Asian E&D economies, Malaysia emerged as investors' favorite and ranked 27th globally. Overall, E&D regions "offer attractive opportunities to investors interested in emerging markets with favorable growth potential," the report said. Rising tensions between the U.S. and China, however, have hit inflows to Asian E&D economies, down 75.4% in 2022, the report added.
Persons: Maggie Switek, Switek Organizations: New York Stock Exchange, Milken, Denmark, Denmark Sweden Finland United States United, The Milken Institute, The New York Times, U.S Locations: New York, Europe, Denmark, Denmark Sweden Finland United States United Kingdom, U.S, Finland, Asia, Malaysia, China
In January, The Arena Group, which had published Sports Illustrated since 2019, stopped paying Authentic its licensing fee for publishing rights. Minute Media said that while it will continue the print edition of the magazine, it hopes to also usher Sports Illustrated into a lucrative digital future. “The weight and power of that distinction cannot be understated.”Minute Media will work to retain most of the Sports Illustrated staff, a person familiar with the matter said. “We have said from the start that our top priorities are to keep Sports Illustrated alive, uphold the legacy of the institution and protect our union jobs. We look forward to discussing a future with Minute Media that does that,” Emma Baccellieri, staff writer for SI and vice chair for the SI Union, said in a statement.
Persons: Asaf Peled, ” Peled, Peled, ” Emma Baccellieri Organizations: New, New York CNN —, Authentic Brands, The New York Times, Sports Illustrated, Group, Media, Players ’ Tribune, FanSided, Minute Media, SI, Arena, Sports Locations: New York
The owner of Sports Illustrated said it had chosen a new company to publish the magazine, a deal that could settle some of the recent friction at the storied publication and continue the print edition. Authentic Brands Group, which owns the intellectual property rights to Sports Illustrated as well as to celebrities like Marilyn Monroe and Muhammad Ali, said it had struck a long-term deal to license Sports Illustrated’s publishing rights to Minute Media, a digital-media company focused on sports. Minute Media’s license with Sports Illustrated will stretch for 10 years with an option to extend for up to 30 years total, into the magazine’s centenary. The companies declined to disclose financial terms but said that Authentic Brands Group was taking a stake in Minute Media as part of the deal. The deal is a significant expansion for Minute Media, a New York-based company founded in 2011 whose holdings — which include the sports websites The Players’ Tribune and Fansided — generate more than $400 million in revenue annually.
Persons: Marilyn Monroe, Muhammad Ali Organizations: Sports Illustrated, Authentic Brands, Sports, Minute Media, Authentic, Media, ’ Tribune, Fansided Locations: New York
Sports Illustrated will continue operations after the company that owns the brand agreed with a new publisher for its print and digital products. Minute Media took over on Monday after reaching a licensing agreement with Authentic Brands Group. Authentic had been in negotiations with Arena, Minute Media and other publishing entities over the past two months. Authentic will acquire an equity stake in Minute Media, which also publishes the online sites The Players’ Tribune, FanSided and 90min. “In Minute Media, we have found a partner that will honor SI’s lauded legacy and exceed fan expectations for the future.
Persons: Asaf Peled, Stephen Cannella, , Emma Baccellieri, Ross Levinsohn, Meredith, Marilyn Monroe, Elvis Presley, Muhammad Ali, , SI’s, ” Daniel W, David Bauder, ___ Organizations: Media, Authentic Brands, Minute Media, Players ’ Tribune, FanSided, , SI, Associated Press, Sports, Group, Meredith Publishing, Time Inc, Reebok, Sports Illustrated, Associated Press Media
South By Southwest attendees got to speak with a Marilyn Monroe AI chatbot. But critics say celebrities who can't consent should not be used in AI recreations. Meta CEO Mark Zuckerberg said previously that he thinks AI celebrities will become popular. AdvertisementLast year, Robin Williams's daughter, Zelda, said that she found AI recreations of her father's voice to be "personally disturbing." AdvertisementSoul Machines partnered with Authentic Brands Group — which acquired the rights to Marilyn Monroe's intellectual property in 2018 — to create the AI Marilyn, according to Deadline.
Persons: Marilyn Monroe, , Kim Kardashian, Mark Zuckerberg, Meta, Tom Brady, Kendall Jenner, Naomi Osaka, Chris Paul, Charli D'Amelio, Israel Adesanya, Roy Choi, Dwayne Wade, Zuckerberg, Marilyn, Marilyn chatbot, Maureen Lee Lenker, Robin Williams's, Zelda, Williams, Marva Bailer, Bailer, Marilyn Monroe's, Elvis Presley, Muhammad Ali, Shaquille O'Neal, David Beckham Organizations: Southwest, Service, Kanye West, SXSW, Federal Trade Commission, Machine, Machines, Fox News, Authentic, Brands, Fox Locations: United States
Tusk told BI that Last Brand has "continuously expanded their product line smack dab into our backyard." According to Gupta, the founders renamed the brand Quince in 2020 upon its official launch to play on the word quintessential, a reference to the brand selling premium essentials. "Off the record, we were eating at a sister restaurant to a three-Michelin-starred restaurant named Quince in SF, and we really loved the name," Gupta said. For now, the restaurant Quince will continue to deal with confused customers. "I know that we're outmatched and all that, but it kind of left us no choice," Tusk told BI.
Persons: Lindsay Tusk, She'd, Michael, Everett Noel, Tusk, Quince, , Sid Gupta, Zachary Briers, " Briers, David —, Gupta, Leslie Williamson, Daniel Page, Last, Page Organizations: MICHELIN, Michelin, Better, Inc, Last Brand Inc, The New York Times Style Magazine, TV, FedEx, YouTube, Last, Brand Locations: San Francisco, Italy, San Francisco's, The, Bolinas , California
Reddit said Friday that the Federal Trade Commission sent a letter to the company about its data-licensing business related to the training of artificial intelligence systems. "On March 14, 2024, we received a letter from the FTC advising us that the FTC's staff is conducting a non-public inquiry focused on our sale, licensing, or sharing of user-generated content with third parties to train AI models," Reddit said in an updated IPO prospectus. Reddit filed for an IPO in February, and plans to trade on the New York Stock Exchange under the ticker symbol "RDDT." Reddit said "the opportunity does not conflict with our values and the rights of our Redditors," referring to its users and forum moderators. "We do not believe that we have engaged in any unfair or deceptive trade practice," Reddit said.
Persons: Reddit, hasn't Organizations: Federal Trade Commission, New York Stock Exchange, FTC, Google Locations: Klaviyo
Europe investigates Big Tech’s use of generative AI
  + stars: | 2024-03-14 | by ( Brian Fung | ) edition.cnn.com   time to read: +3 min
Regulators at the European Commission say they’re particularly concerned about how generative AI could sow chaos in the run-up to this summer’s EU parliamentary elections. Online platforms will have until April 5 to respond to questions about steps they’ve taken to prevent AI tools from spreading election misinformation. The companies’ responses could be incorporated into a series of election security guidelines for tech platforms the European Commission plans to finalize by March 27, another commission official said. The AI investigation also covers a broader set of topics including how platforms are addressing generative AI’s impact on user privacy, intellectual property, civil rights and children’s safety and mental health. “One of the grievances we have is the ability to manipulate the service through automated means and this can include generative AI, so yes, there’s a link to the ongoing investigation,” one of the commission officials said.
Persons: , , Linda Yaccarino, Thierry Breton Organizations: CNN, European Union, Meta, Microsoft, Commission, Digital Services, Elon Locations: Israel, EU
I thought it wasn't worthwhile to invest in an estate plan if I didn't have any assets. In the United States, the primary intellectual property categories are patents, trademarks, copyrights, and trade secrets. You can also detail the uses of your intellectual property that are allowed in the future." Since your family might not know the full extent of your intellectual property, Hayes recommended making a list of any intellectual property you might have. "Everyone in today's world has digital assets," Hayes said.
Persons: , Monique Hayes, Hayes, It's Organizations: Service Locations: United States
In short, the rent is too damn high — and it’s keeping inflation and interest rates elevated alongside it. We’ll see if they’re right on Tuesday morning when February’s CPI data is due out. “Shelter inflation has been a big focal point for the market,” they wrote in a note on Monday. “We remain confident that [rent prices] will flatline in 2024, rather than fall,” Capital Economics analyst Thomas Ryan wrote in a recent note. That means a current deceleration in rent prices won’t be fully factored into inflation data until February 2025.
Persons: Greg McBride, , Jerome Powell, “ It’s, Powell, aren’t, , Thomas Ryan, Ritti Singh, Singh, won’t, isn’t, Goldman Sachs, Clare Duffy, Reddit, it’s, That’s, Matt Egan, Joe Biden, Bespoke’s Paul Hickey, ” Hickey Organizations: CNN Business, Bell, New York CNN, Federal Reserve, CPI, Bank of America, ” Capital, Housing Justice, Fed, Dallas Fed, AAA, Federal, Investment Locations: New York
NEW YORK (AP) — The New York Times is fighting off Wordle “clones” — arguing that numerous games inspired by the mega-popular word-guessing game infringe on its copyright protections. And now the Times, which purchased the game in 2022, is sending takedown notices to people behind some of the look-alikes. "As a result, hundreds of websites began popping up with knock-off ‘Wordle’ games that used The Times’ ‘Wordle’ trademark and copyrighted gameplay without authorization or permission,” the spokesperson said. Photos You Should See View All 60 ImagesThe Times’ DMCA takedown notices were first reported by tech outlet 404 last week. Still, Brauneis said he believes the Times' arguments for Wordle copyright infringement are on “a little bit shaky ground" for several reasons.
Persons: , GitHub, Vignesh Venkat, Venkat, , Robert Brauneis, George, Brauneis, , Josh Wardle, Wordle Organizations: New York Times, Times, Copyright, New York Times Co, George Washington University's Law, Associated Press, AP, U.S . Copyright Locations: California, GritHub
New York CNN —Reddit on Monday said it expects to price shares between $31 and $34 each when it makes its long-anticipated initial public offering, which will make it the first social media company to go public in years. Reddit, along with some existing stockholders, plans to offer 22 million shares of the company’s Class A stock, meaning the IPO could raise as much as $748 million from those shares, according to an updated prospectus. Reddit itself expects to earn approximately $450 million in proceeds from the IPO, if shares are priced at the midpoint of its expected range. Reddit is taking the unusual step of giving a portion of those users the opportunity to become shareholders by reserving 8% of its IPO shares, or 1.76 million shares, for its most loyal Redditors. The company has acknowledged that “Redditors’ participation in this offering could result in increased volatility” in its stock price.
Persons: Reddit Organizations: New, New York CNN Locations: New York, IPOs
They still couldn't land a deal on Friday's episode of ABC's "Shark Tank" due to making what billionaire investor Mark Cuban referred to as "the biggest mistake startups make": trying to grow their brand too quickly. Skaloud and Feiereisen co-founded Boona, a Seattle-based company that makes a $249 showerhead called the "Tandem." "We want to build a brand," Feiereisen said. "Some of the greatest deals in 'Shark Tank' history [are] when the entrepreneur focused on that one application and maxed it out." And if we do create new products, it's to support Tandem," Feiereisen said, trying to reel investors back in.
Persons: Brett Skaloud, Jeff Feiereisen, Mark Cuban, Feiereisen, Kevin O'Leary, Skaloud, I'm, O'Leary Organizations: Amazon Locations: Seattle, Cuban
Spanish police bust alleged Banksy forgery ring
  + stars: | 2024-03-08 | by ( Christy Choi | ) edition.cnn.com   time to read: +3 min
CNN —Spanish police said they have shut down an alleged forgery ring selling fake Banksy artworks across the US and Europe for up to 1,500 euros ($1,642) a piece. Investigators seized nine artworks during a raid of an apartment in the city of Zaragoza, northern Spain, according to Catalan police. Video Ad Feedback Related video: Banksy shares behind-the-scenes video from Ukraine 00:58 - Source: CNNPolice said they have charged four people with fraud and intellectual property offenses. Investigators said Banksy’s Pest Control organization, the only body able to officially authenticate the artist’s work, has confirmed that pieces linked to the Zaragoza workshop are fake, as are the accompanying certificates. Police became suspicious after noticing that many similar works had become available on the market, the statement added.
Persons: Banksy, Organizations: CNN, police, Historical Heritage Unit, CNN Police, Pest Control Locations: Europe, Zaragoza, Spain, Germany, Switzerland, United States, United Kingdom, Ukraine, Pest, British, Bristol,
This is especially important for the company's Fisher-Price and American Girl brands, which have been in the midst of their own transformations for several years. In just the last year, net global sales for American Girl were down 9%. When it comes to to the American Girl brand, Kreiz admits that the challenges "were not product driven," but rather an issue with its commercial strategy. American Girl doll by Mattel Source: Mattel"We think there's some real opportunities to continue to grow the brand and extend the story that exists within American Girl thoughtfully, and we want to do it authentically," said Silverman. Mattel executives remained tightlipped about what to expect from an upcoming American Girl movie, which currently does not have a release date.
Persons: Barbie, Ynon Kreiz, Fisher, Price, Kreiz, He's, Greta Gerwig, Josh Silverman, Margot Robbie, It's, company's Fisher, Capital, Mattel, Silverman, Lisa McKnight Organizations: Warner Bros, Mattel, Barington Capital, American Girl, CNBC, Sinfonietta, Sunday's, American, Fisher, Disney, Paramount Locations: American
Driven largely by benefits associated with the “Barbie” movie, Mattel finished last year strong with 24% fourth-quarter growth. Before the “Barbie” movie was released, the Barbie brand already had a 99% rate of global brand awareness, selling more than 100 dolls every single minute, according to Mattel. What’s next for Mattel Films? Mattel Films, which is headed by Oscar-nominated producer Robbie Brenner, faces a lot of pressure to live up to “Barbie” with its second go-around. When asked about the possibility of an R-rated film at Mattel, Kreiz says, “I wouldn’t rule out different scenarios.
Persons: CNN — Barbie, “ Barbie ”, Fisher Price, Barbie, J.J . Abrams, Vin Diesel, , Lena Dunham, Lily Collins, “ Barney, Daniel Kaluuya, Bob, Jennifer Lopez, Anthony Ramos, , Matt Mason, Tom Hanks, KELLY CLARKSON, Jennifer Lopez Weiss Eubanks, Mattel, Ynon Kreiz, Kreiz, ” Kreiz, Greta Gerwig, Margot Robbie’s “ Barbie ”, Chris Pizzello, Lisa McKnight, ” Barbie, “ Barbie, Robbie, Amy Schumer, Anne Hathaway, ” McKnight, Barney ’, Oscar, Robbie Brenner, Gerwig, Mark Ronson, Barney, BARNEY, “ It’s, ‘ Barbie, ’ ” Organizations: CNN, Academy, Hollywood, American, Warner Bros . Pictures, Marvel, Mattel, UNO, KELLY CLARKSON SHOW, Fox Kids Europe, Endemol, Hasbro, Universal, Sony, Mattel Films, Entertainment, Everett, haven’t Locations: Hollywood, J.J, , Arizona, Los Angeles, Cold
The decision exposes X, formerly Twitter, to claims that it gave paying “verified” subscribers more leeway than non-paying users to illegally share copyrighted music. The lawsuit, filed last June by the National Music Publishers’ Association — whose members include Universal, Sony and Warner Music Group — also claims that X delayed responding to copyright infringement notices and didn’t take enough “reasonable steps” to combat repeat offenders. But she threw out claims by music publishers that X was directly responsible for stealing artists’ intellectual property. Most large social media platforms, such as TikTok, pay licensing fees to music publishers in exchange for giving users the ability to share songs on the websites. In the case against X, music publishers cited more than 1,700 songs whose copyright X has allegedly infringed, including hits such as Mariah Carey’s “All I Want For Christmas Is You,” Outkast’s “Hey Ya!” and Mark Ronson’s “Uptown Funk,” featuring Bruno Mars.
Persons: Elon Musk’s, National Music Publishers ’ Association —, Warner Music Group —, Aleta Trauger, X, Taylor Swift, Ariana Grande, Mariah Carey’s, Mark Ronson’s, , Bruno Mars, , ” Trauger Organizations: New, New York CNN, Elon, National Music Publishers ’ Association, Universal, Sony, Warner Music Group, X Corp, Court, Middle, Middle District of, CNN Locations: New York, TikTok, Rhianna, Funk, Middle District, Middle District of Tennessee
Microsoft is accusing The New York Times of "unsubstantiated" claims in the publisher's lawsuit filed in December against OpenAI, a case that could have major implications for the future of generative artificial intelligence. In a motion to dismiss part of the suit on Monday, Microsoft said the Times presented a false narrative of "doomsday futurology" in which OpenAI's ChatGPT chatbot will decimate the news business. "In this case, The New York Times uses its might and its megaphone to challenge the latest profound technological advance: the Large Language Model," attorneys for Microsoft wrote. In its lawsuit, the Times accused OpenAI and Microsoft of copyright infringement and abusing the newspaper's intellectual property in training LLMs. A New York Times spokesperson didn't immediately respond to a request for comment.
Persons: Microsoft Corporation Satya Nadella, OpenAI, didn't Organizations: Microsoft Corporation, Economic, Microsoft, New York Times, OpenAI, Times, The New York Times Locations: Davos, Switzerland, OpenAI
Last week, Musk sued OpenAI and co-founders Sam Altman and Greg Brockman for breach of contract and fiduciary duty. "It's certainly a good advertisement for the benefit of Elon Musk," Kevin O'Brien, partner at Ford O'Brien Landy LLP and former assistant U.S. attorney, told CNBC. In the suit, Musk's lawyers say they want OpenAI to return to its work as a research lab and no longer exist for the "financial benefit" of Microsoft. Musk's attorneys didn't respond to a request for comment. Musk has an AI company of his own, X.AI, which introduced a competing chatbot called Grok in November after two months of training.
Persons: Elon Musk, Tesla, Beata Zawrzel, Elon, Musk, OpenAI, Sam Altman, Greg Brockman, It's, Kevin O'Brien, Ford O'Brien Landy, I'm, O'Brien, isn't, Shannon Capone Kirk, Ropes & Gray, Chris Ratliffe, Kirk, , X.AI, He's, bigwigs, Andrej Karpathy, Kyle Kosic, OpenAI's, Jason Kwon, Kwon Organizations: Nurphoto, Microsoft, Elon, CNBC, Ropes &, Ropes & Gray LLP, Bloomberg House, Economic, Bloomberg, Getty, The New York Times, SEC, Tesla, X.AI, OpenAI Locations: Krakow, Poland, Davos, Switzerland, OpenAI
Big banks have accelerated the pace of patents filed for AI and AI-related innovations, according to new data from consultancy Evident. There were 854 new patent filings in the year ending June 2022, up 21% from the same period the year prior, according to Evident. There are also knock-on effects, like how a strong patent culture can help banks stand out in the war for talent. This patent data, pulled from Google's patent database, accounts for the 12-month period ending in June 2022. JPMorgan Chase, which leads Evident's AI research index, follows with 120 AI and AI-related patent filings.
Persons: Banks, Alexandra Mousavizadeh, Mousavizadeh, America's Erica, One's Eno, Sumeet Chabria Organizations: Business, Capital, Bank of America, JPMorgan Chase, chatbots, Bank, America's
DC and Marvel are reprinting coveted crossover comics
  + stars: | 2024-03-01 | by ( John Towfighi | ) edition.cnn.com   time to read: +9 min
CNN —Comic-book store owner Jermaine Exum couldn’t believe his ears when a customer asked to reserve a copy of the upcoming 960-page “DC versus Marvel” comics collection. The "DC Versus Marvel Omnibus," to be released August 6, 2024, is a collection of various crossover comics, and just the second collaboration by DC and Marvel in two decades. From 1976 to 2003, crossovers between the DC and Marvel universes (“Superman vs. Uslan recalled similar “interplay” among the companies, citing a regular DC vs. Marvel softball match in Central Park as evidence of camaraderie. The comic "Marvel and DC Present Featuring the Uncanny X-Men and the New Teen Titans #1", will be reprinted in the upcoming collection.
Persons: Jermaine Exum couldn’t, , , Lex Luthor –, ” Marvel, Exum, Michael Uslan, Carmine Infantino, Stan Lee, ” Uslan, Marvel, DC Walt Simonson, I’m, ” Simonson, Uslan, Walt Simonson, DC Ben Saunders, Denny O’Neil, George Pérez, Chris Claremont, John Romita Jr, Batman, Simonson, ” Saunders, Saunders, Federico Parra, James Gunn, Marvel’s, Peter Safran, Kevin Feige, ” Ethan Sacks, “ Jack Kirby, Steve Ditko, Jerry Siegel, Joe Shuster, Bob Kane, Bill Finger, William Moulton Marston Organizations: CNN, Marvel, DC, Warner Bros, Discovery, Disney, Hollywood, ” Comics, Teen Titans, New Teen Titans, University of Oregon, Acme Comics, , Marvel Studios, Guardians, Galaxy, DC Studios Locations: Greensboro, North Carolina, Central, Greensboro , North Carolina, Venezuela, Caracas, AFP, Greece, Rome, Egypt
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
New York CNN —Electronic Arts plans to lay off 5% of its employees, making it the latest company in the gaming and tech space to reduce its workforce. Epic Games cut 830 jobs in September. In January, Tencent’s Riot Games said it would lay off 11% of its workforce and Microsoft said it would cut 1,900 jobs from its Activision Blizzard and Xbox gaming divisions. And electronics giant Sony said on Tuesday it would cut 8% of its global workforce, amounting to around 900 jobs. That means that after its cuts to staff last year, Wednesday’s layoffs could affect more than 600 workers.
Persons: , Andrew Wilson Organizations: New, New York CNN, Electronic Arts, EA, Madden NFL, Apex, ” EA, Microsoft, Activision Blizzard, Sony Locations: New York
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