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Hollywood welcomes gaming as industry shifts during big year

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As we bid farewell to the year 2023, it’s time to reflect on the highs and lows that shaped the gaming industry and set the stage for what’s to come in 2024.

 

The past year has been a testament to the diversity and quality of games flooding the market. From gripping narratives to heart-pounding action, 2023 showcased a plethora of genres. Highlights included memorable releases such as [mention some standout games]. Gamers worldwide found themselves immersed in these titles, each leaving a unique mark on the industry.

In 2023, the gaming community witnessed a surge in video game adaptations, bridging the gap between virtual and cinematic worlds. Notable releases like “The Last of Us,” “Super Mario Bros Movie,” “Gran Turismo,” and the “Twisted Metal” TV series demonstrated the industry’s evolving synergy with other entertainment mediums.

Unfinished Games and Industry Setbacks

However, not all releases were met with acclaim. The year also saw its share of disappointments, with several unfinished games garnering attention for all the wrong reasons. Titles like “Gollum” and “The Day Before” faced criticism for being incomplete or, in some cases, virtually unplayable. The fallout from these missteps underlines the challenges developers face in delivering polished products.

Gaming Events: Connecting Communities

In the spirit of community, gaming events like PAX Australia marked significant milestones in 2023, bringing enthusiasts together for a celebration of their shared passion. These events not only showcased upcoming releases but also provided a platform for key moments that added immense value to the gaming community.

Industry Challenges and Closures

Despite the highs, economic strains took a toll on the gaming industry, leading to the closure of several developers, especially smaller teams. In Australia, beloved studios like Samurai Punk shuttered their doors, emphasizing the fragility of grassroots indie teams. The closure of E3 further underscores the challenges the industry faces as it navigates an ever-evolving landscape.

The industry’s resilience will be tested in the face of economic challenges, coupled with the ongoing shift towards digital-only platforms. In these uncertain times, the hope is for more innovative and high-quality games to emerge, sustaining both major players and smaller teams dedicated to pushing creative boundaries.

As we venture into 2024, the gaming industry stands at a crossroads, ready to face new challenges and embrace opportunities that will shape the digital entertainment landscape for years to come.

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Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

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Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

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Memory shortages and rising prices could persist through 2027

Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.

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Memory chip supply tight, prices high; Lenovo warns rising costs impact budget devices amid strong PC demand from Windows 11.


Memory chips critical to consumer electronics and AI data centres remain in tight supply, keeping prices elevated despite production expansion by major players including Samsung and Micron.

Lenovo warns higher memory costs will hit budget devices first, even as PC demand stays strong from Windows 11 upgrades.

#Lenovo #ConsumerTech #PCMarket #Windows11 #TechPrices #Laptops #HardwareNews #DigitalEconomy


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Xiaomi reveals fully automated smartphone factory in China

Xiaomi’s factory operates 24/7, producing one phone per second without any human workers.

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Xiaomi’s factory operates 24/7, producing one phone per second without any human workers.


Xiaomi says the facility runs nonstop without human workers.

The factory operates in the dark producing one phone per second around the clock.


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