It isn't hugely surprising to hear that generative AI is a big part of the vision for EA's second coming as a private company, as reported by insiders.
The buyers are committing $36 billion of their own equity (briefly and inexpertly, “equity” is the value of your assets after you deduct anything you owe), including the value of the PIF’s existing investments in EA. They’re making up the rest of the total thanks to a $20 billion loan from JPMorgan Chase Bank. How will they manage that massive debt? According to the Financial Times, who cite unnamed insiders, they’re gambling on the deployment of generative AI tools as a gigantic cost-saving measure.
“The investors are betting that AI-based cost cuts will significantly boost EA’s profits in the coming years, people involved in the transaction told the Financial Times,” the paper wrote (paywall) in their own coverage of the story. The FT elsewhere commented that the acquisition “is a huge bet that artificial intelligence can significantly cut EA’s operating costs, allowing the equity consortium to manage a large debt load on a company that historically carried limited net debt.”
I have good news and bad news on that front. The good news is that the original wing commander dev is making a spiritual successor to the game. The bad news is that it’s star citizen.
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Hope their IP gets sold to other companies. Would love to see another wing commander in my lifetime.
I have good news and bad news on that front. The good news is that the original wing commander dev is making a spiritual successor to the game. The bad news is that it’s star citizen.
Fuckin oof
For a brief moment, I had hope. Then, poof, it was gone.
Technically, the Wing Commander successor is Squadron 42. Star Citizen is a Freelancer successor.
I understand if this brings you little comfort.
More comfort than before. Thank you, kind internet stranger.