Double dose of PlayStation pain

Sony’s new strategy for the PlayStation business has earned a widespread rebuke from gamers. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Here’s your wrap of the latest must-read tech news. For more expansive and analytical coverage from around the globe, get the Tech In Depth newsletter. Market Snapshot Sandisk Corp $1,745.00 -14% Minimax Group Inc HK$335.20 -3.3% Nikkei 225 68,919.14 -1.2% Market data as of 11:40 PM ET. Data is subject to provider delays. Your watchlist Top Stories Humanoid handler: Hyundai took advantage of the World Cup to show off its Atlas humanoid robot, having it perform some signature celebrations and hand the gameball to the referee in the Brazil-Norway contest on Sunday. This robot will be working in a Georgia factory soon. Samsung schism: Disagreement over the fairest distribution of winnings from the memory chip boom inside Samsung is far from subsiding. We interviewed Samsung’s charismatic union leader. Hon Hai haul: The longtime Apple assembly partner is well on its way to becoming an AI server-making champion for Nvidia. Its sales jumped 40%, to $79 billion, in the June quarter. Top Reads Backlash Over Korea Leveraged ETFs Grows as Lawmakers Demand Fix South Korean lawmakers are increasingly sounding alarms over the risks of single‑stock leveraged exchange‑traded funds, with an opposition party member now calling for such products to be delisted. India Stocks Shine as Foreigners Seek Defense Against AI Storm A stronger macro backdrop and optimism ahead of the earnings season are adding to the appeal. Korea Considers New Investment Fund Using Tax Windfall From AI South Korea is looking at creating an investment fund using excess tax revenue from its burgeoning semiconductor industry to finance long-term economic growth, a senior government official said. Beyond The Brief Sony’s PlayStation unit announced plans to curtail game discs after next year, eliciting a passionate backlash from fans. The deeply unpopular move severs the connection the PlayStation has long had with optical media formats, from the CD to DVDs and Blu-rays, and sets the stage for a very different experience on its next gaming console, write Takashi Mochizuki and Vlad Savov in today’s Tech In Depth essay. Before You Go... ByteDance, Alibaba Pull AI Companions as Beijing Tightens Rules ByteDance and Alibaba are pulling the plug on features that let users build and chat with AI companions, preparing for new Chinese regulations governing human interactions with artificial intelligence. Read more We’re improving your newsletter experience and we’d love your feedback. If something looks off, help us fine-tune your experience by reporting it here. Follow Us You received this message because you are subscribed to Bloomberg’s Tech In Brief newsletter. If a friend forwarded you this message, sign up here to get it in your inbox. Unsubscribe Bloomberg.com Contact Us Bloomberg L.P. 731 Lexington Avenue New York, NY 10022 |