Take-Two Interactive Software Inc (NASDAQ:TTWO) is using AI to improve operational efficiency and support certain areas of game development, but does not expect the technology to significantly reduce the cost of producing major video game titles, according to Jefferies analysts following a meeting with the company's CEO Strauss Zelnick.
In a note, Jefferies wrote that management reiterated that AI is creating measurable productivity gains in day-to-day business functions and helping streamline mobile game level creation and user acquisition advertising. However, the company does not expect AI to materially lower development costs for AAA games and continues to invest in game creation tools while anticipating further growth in its development workforce, which currently stands at roughly 10,000 employees.
Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) announced that it has received approval from the US Bureau of Land Management (BLM) to expand exploration activities at its Philadelphia gold-silver project in northwestern Arizona.
The company said that the approval covers modifications to its existing Exploration Plan, including the construction of 16 new drill pads, associated sumps, and access roads. The planned work is expected to result in approximately 14 acres of disturbance.
Mobileye (NASDAQ:MBLY) has announced plans to expand beyond supplying autonomous driving systems and enter direct operation of a robotaxi service, marking a strategic shift toward a vertically integrated mobility business.
The company said it intends to launch a fully driverless ride-hailing service in a major US city in 2027, initially deploying a fleet of roughly 100 vehicles.
Vince Holding (NASDAQ:VNCE) shares jumped about 21% on Tuesday morning after the apparel retailer reported stronger-than-expected first quarter results and raised its full-year outlook.
The company posted an adjusted loss of $0.16 per share for the quarter ended May 2, better than a loss per share of $0.37 expected by Wall Street analysts.
Dave & Buster's Entertainment (NASDAQ:PLAY) reported a steeper-than-expected drop in first-quarter profit and revenue as softer consumer sentiment and a marketing misstep weighed on comparable store sales.
The video game and restaurant chain posted adjusted earnings per share of $0.22 for the quarter, falling well short of the analyst consensus of approximately $0.90.
SpaceX (NASDAQ:SPCX) has reached an agreement to acquire Anysphere, the developer of the artificial intelligence coding assistant Cursor, in a stock-for-stock deal that values the company at $60 billion.
The transaction will see SpaceX subsidiary X67 Inc merge with Anysphere, after which Cursor will operate as a wholly owned subsidiary of SpaceX (NASDAQ:SPCX). The company expects the acquisition to close in the third quarter of 2026, pending regulatory approvals and other customary closing conditions.
VivoPower PLC (NASDAQ:VIVO, FRA:51J), a global developer of AI data center and powered land infrastructure, has been recertified as a Certified B Corporation by B Lab, extending its continuous certification status to 2028.
The company's latest verified B Impact Score rose to 86.6, up from 83 at its 2021 recertification. VivoPower scored highest in the Workers and Environment pillars, at 26.4 and 25.3 respectively, and achieved the maximum score in the Mission Locked sub-pillar of Governance.
Shares in Rathbones Group PLC (LSE:RAT, OTC:RTBBF) tumbled 16.5% to 1,630p on Tuesday after the wealth manager flagged a regulatory review that found shortcomings in its UK business and will trigger £60 million of costs.
The group commissioned a skilled person review, an independent assessment overseen by the Financial Conduct Authority, after engagement with the regulator.
Scottish Mortgage Investment Trust PLC (LSE:SMT) climbed around 3% to lead the FTSE 100 on Tuesday morning, buoyed by the blockbuster stock market debut of SpaceX (NASDAQ:SPCX), the AI, rocket and satellite company that is its largest single holding.
The Baillie Gifford-managed investment trust is one of the most direct routes for UK investors to gain exposure to Elon Musk's space empire, and its shares track those fortunes closely.