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Wevr Announces New $3.5 Million Investment from HTC and Epic Game

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Wevr, a creative development and production studio devoted to interactive and spatial experiences, today announced $3.5 million in new funding from HTC Corp. and Epic Games. Original backers of Wevr, HTC and Epic are adding to their investment as Wevr expands its Virtual Studio technology and real-time 3D production capabilities. Advances in spatial computing and […]

Autodesk closes PIX acquisition

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Autodesk, Inc. has acquired the PIX business of X2X. PIX stands as a production management solution facilitating secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process. The decision to acquire PIX aligns with Autodesk's findings from its 2023 State of Design and Make report, which […]

Adobe Integrates Firefly Generative AI Into Substance 3D Workflows

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Adobe has integrated Firefly generative AI capabilities into Substance 3D Sampler and Stager, marking a significant advancement in 3D workflows for industrial designers, game developers, and VFX professionals. These new features, Text to Texture and Generative Background, streamline and enhance 3D texturing and staging tasks, saving time and boosting creativity. The Text to Texture feature […]

Sony stops production of PSVR 2 to clear current backlog

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According to Bloomberg, Sony Interactive Entertainment has paused the production of PSVR 2 in order to address the existing surplus of unsold units. This information comes from sources familiar with the situation. These sources indicate that Sony has already manufactured over 2 million units of PSVR 2. Data from IDC, as cited by Bloomberg, reveals […]

VR game developer Thirdverse has finalized $11.29 million in investment

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Based in San Francisco, California, Thirdverse, raised $3.3 million through a third-party share allotment facilitated by Nissei Capital Co., Ltd. and VeriServe Corporation. This latest funding, combined with the capital previously raised in November of the previous year, brings the total series D funding to approximately $11.29 million. When considering the funds amassed before the […]

Chaos Unveils 2024 Roadmap: AI and Visual Storytelling Tools

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Discover how Chaos aims to redefine visualization with AI-powered features and smart products designed to facilitate the production of top-quality work without limitations. The imminent dawn of a new era in visualization promises exciting opportunities for creators to bring their ideas to life with unprecedented freedom. Chaos is committed to spearheading this creative revolution. But […]

LimeWire Teams Up with Polygon Labs for New AI Creator Studio Featuring Music Functions

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This initiative comes on the heels of LimeWire's ad-revenue sharing venture, which is powered by the LMWR token. As the company revealed, this program ensures creators are adequately compensated for their content. A previous update from May had LimeWire sharing that they procured a whopping $17.5 million from LMWR token sales across multiple funding rounds. […]

Ready Player Me’s New AI-Based Copilot Set to Revolutionize Avatar Development

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Ready Player Me Introduces Copilot for Avatar Integration As reported by VentureBeat, Ready Player Me, a company specializing in cross-platform avatar solutions, has launched Copilot, a tool integrated with OpenAI’s GPT-4 and OpenCopilot. This AI tool is aimed at simplifying the process for developers to incorporate avatars into their applications and games. Copilot benefits from […]

8th Wall Bolsters WebAR Platform with New Generative AI Capabilities

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8th Wall, Niantic's subsidiary and a frontrunner in web-based augmented reality (WebAR) solutions, has made waves in the AR development community by unveiling its new GenAI modules. These additions, designed to smoothly integrate Inworld and OpenAI technologies into WebAR projects, enable developers to produce more captivating, responsive, and immersive user experiences. Crucially, these enhancements promise […]

NetEase Announces Second Quarter 2023

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NetEase, Inc. announced its unaudited financial results for the second quarter ended June 30, 2023. The company reported net revenues of RMB24.0 billion (US$3.3 billion) for the quarter, marking a 3.7% increase from the same period in 2022. Notable financial highlights include: Net revenues from games and related value-added services reached RMB18.8 billion (US$2.6 billion), […]