Technology

Bloomberg Rovio Entertainment Oyj, maker of the Angry Birds mobile games, fell after it reported declining profitability, and warned investors of lower profits for the first half of the year. The company is prepared to cede control of subsidiary Hatch Entertainment, the cloud-based gaming service it currently owns 80 percent of, to less than 50 percent. Without Hatch, the Finnish ...

Bloomberg As the video game model evolves, Morgan Stanley expects the market to pay less for publishers until they develop a better sense of what works. The success of free-to-play games like Fortnite by Epic Games and recently released Apex Legends by Electronic Arts Inc. are changing player behavior, as gamers may not see the utility of paying $60 for ...

Bloomberg Alphabet Inc.’s Google plans to spend $13 billion on data centers and offices across the US in 2019, saying the investment will create thousands of new construction jobs in states outside its traditional base of California. The new spending builds on $9 billion the company put into expanding across the country last year. By the end of 2019, Google ...

Bloomberg Nintendo Co. has unveiled 18 previously unannounced games as the company doubles down on software titles to revive slumping sales of the Switch console. Among the most promising new games are Super Mario Maker 2, which will go on sale in June, and Zelda: Link’s Awakening slated for some time this year. The release of Fire Emblem: Three Houses ...

Bloomberg In recent years, the video-game industry looked like it had found the antidote to the boom-bust cycles that had long plagued the business. Publishers focused on a few well-known titles and extended their lives through in-game purchases, expansion packs and online tournaments. Electronic Arts Inc., one of the largest players, doubled its market value to almost $45 billion last ...

Bloomberg Waymo is in advanced talks to develop autonomous cars with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., according to people familiar with the matter, in a move that would join a leading self-driving force with the world’s largest automotive alliance. A deal between the three carmakers and Alphabet Inc.’s self-driving unit could include making driverless taxis, said ...

Bloomberg Facebook Inc. said it acquired visual shopping and artificial intelligence startup GrokStyle Inc. in a move to bolster the social-media company’s own AI work. GrokStyle’s technology, which was integrated into Ikea’s mobile app, was simple in practice. A user takes a picture of a piece of furniture and the technology would match it to similar products that could be ...

Bloomberg Luminance Technologies Ltd., a UK company that sells artificial intelligence (AI) software that helps lawyers review documents and conduct due diligence, has been valued at $100 million in its latest funding round. The company said it got $10 million from existing investors, including venture capital firms Invoke Capital and Talis Capital, as well as the law firm Slaughter and ...

Bloomberg Apple Inc. plans to launch iPhones with a more-powerful 3-D camera as soon as next year, stepping up the company’s push into augmented reality, according to people familiar with the plans. The rear-facing, longer-range 3-D camera is designed to scan the environment to create three-dimensional reconstructions of the real world. It will work up to about 15 feet from ...

Bloomberg Nokia Oyj forecast a stagnant market for phone equipment this year, sending shares down the most in six months as investors looking for signs it could benefit from a crackdown on Chinese rival Huawei Technologies Co. were disappointed. Nokia also projected weaker-than-expected 2019 earnings as carriers delay buying the 5G systems that are key to its growth, including in ...