Video game company stocks plummet amid fears sparked by Google’s Project Genie

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story highlights

  • Google has released Project Gemini, an AI tool that allows you to create immersive 3D worlds with just a few prompts.
  • Investors are now worried that AI will take over video game development.
  • As a result, the stock prices of various video game companies have fallen rapidly.

The concept of AI used in video game development is gaining attention and is often criticized by gamers. Despite this, the industry still believes that generative AI is the future of video games.

Google has invested billions of dollars in this area and has developed AI models. Create playable, immersive 3D worlds with just a few prompts.

Project Genie launches today and is already causing havoc. Cause a decline in the stock of a video game company as an investor We now believe that the future of game development lies in generative AI.

why is it important: There are many aspects to video game development, but so far Project Genie can only provide a baseline structure and is only useful for conceptual work. So investors who think AI can take over video game development are showing complete ignorance.

Rockstar’s parent company Take-Two’s stock price has fallen sharply. 10.59% today. Meanwhile, Roblox’s share also fell. 12.65%. Unity Software Inc., the developer of the Unity game engine, Stock prices fell astoundingly, with the steepest drop 21.58%. Last but not least, CD Projekt Red’s The stock price also fell by 8.91%.

So, is Project Genie really a threat to the gaming industry? Not even a little bit. project genie only Create a structure that contains elements created by the developer, rather than a complete game. AI cannot completely replace it. Anytime Immediatelyto be exact.

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In fact, Google itself touts Project Genie as a multipurpose tool, creating new ways to learn and explore historical settings such as ancient Rome. in any case, Projects created through AI models like Project Genie are not salable products;These are more of a concept that definitely helps with video game development, not something you can take over.

What do you think about this? Do you think AI will one day take over video game development? Let us know in the comments below or on the official Tech4Gamers forum.

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