Game companies see share prices plummet following the launch of Google's very limited virtual world generator, Project Genie
Eurogamer • • technology
Key Points:
- Gaming companies such as Take-Two, CD Projekt, Unity, and Roblox experienced share price drops of 8-20% following Google's launch of Project Genie 3, an AI tool that generates virtual worlds from text prompts in 60-second bursts.
- Investors appear concerned that AI like Project Genie could replace traditional game development, although experts and insiders emphasize that this technology is not capable of fully creating video games yet.
- Project Genie 3 creates photorealistic, interactive virtual environments that can be explored in real-time, but its creations are limited to one-minute durations with restricted interactivity.
- Industry commentators highlight that while Project Genie is impressive, it currently cannot rival established game engines like Unity or Unreal, and fears of immediate
