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Ubisoft shares skyrocket after report Tencent, Guillemot family considering buyout

The Ubisoft logo displayed during the Brand Licensing Europe at ExCel London on September 24, 2024. John Keeble | Getty Images Shares of French video game publisher Ubisoft surged over 30% on Friday after a media report that Tencent and the firm’s founding Guillemot family are considering a potential buyout of the company. Bloomberg News reported Friday that Tencent and the …

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Meta announces Movie Gen, an AI-powered video generator

A new AI-powered video generator from Meta produces high-definition footage complete with sound, the company announced today. The announcement comes several months after competitor OpenAI unveiled Sora, its text-to-video model — though public access to Movie Gen isn’t happening yet. Movie Gen uses text inputs to automatically generate new videos, as well as edit existing footage or still images. The …

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