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GameStop-Themed Crypto Skyrockets Over 500% After Retailer Announces $1.75 Billion Investment Plan
Benzinga· 2025-06-12 04:24
A cryptocurrency named after GameStop Corp. GME blasted to triple-digit gains Wednesday after the video game retailer announced plans to raise over a billion dollars for investment purposes.What happened: BNB Chain BNB/USD-based GameStop Coin (GME) soared a whopping 532% in the last 24 hours, defying the broader market correction. The memecoin recorded a significant surge in trader interest, with volume jumping by 53%.GME outperformed blue-chip cryptocurrencies like Bitcoin BTC/USD and Dogecoin DOGE/USD, wh ...
Nintendo sells 3.5M Switch 2 consoles in four days
VentureBeat· 2025-06-11 23:17
Core Insights - Nintendo Switch 2 has sold over 3.5 million units globally in its first four days, marking it as the fastest-selling Nintendo hardware ever [1] - The company aims to sell 15 million Switch 2 consoles in its first year, anticipating growth that exceeds the original Switch [1] Sales Performance - The sales rate is impressive despite economic uncertainties and a higher-than-usual price point [2] - The standard version of the Switch 2 is priced at $450, while the Mario Kart World bundle is priced at $500, leading to at least $1.575 billion in sales within the first four days [2]
Beamr to Launch GPU-Accelerated Video Compression Solution for Autonomous Vehicles at NVIDIA GTC Paris
GlobeNewswire News Room· 2025-06-11 11:00
Core Insights - Beamr Imaging Ltd. is launching a high-performance video compression solution for autonomous vehicles at NVIDIA GTC Paris, which can reduce video storage by up to 50% without compromising quality [1][3] Group 1: Technology and Innovation - Beamr's proprietary technology addresses the challenge of managing large volumes of video data generated by autonomous vehicles, which can produce terabytes of data daily and require tens to hundreds of petabytes for model training [2] - The Content-Adaptive Bitrate (CABR) technology, built on NVIDIA accelerated computing, achieves significant compression while preserving essential visual features for training autonomous driving models [3][5] - Beamr's technology has been validated through benchmark testing, demonstrating high detection accuracy and minimal impact on machine learning performance while enabling substantial cost savings [5] Group 2: Market Context and Demand - The autonomous vehicle industry faces increasing pressure from rising video storage demands and infrastructure costs, making efficient video management critical [5] - The need for both real-world and synthetic video data is essential for training models that can handle a wide range of driving scenarios, including rare edge cases [4] Group 3: Company Background and Positioning - Beamr is recognized as a leader in content-adaptive video compression, with a strong client base that includes major media companies like Netflix and Paramount [6] - The company holds 53 patents for its perceptual optimization technology and has received an Emmy® Award for Technology and Engineering, underscoring its innovation and industry impact [6]
Nintendo's Switch 2 scores record early sales
TechXplore· 2025-06-11 08:49
Core Insights - The Nintendo Switch 2 has achieved record-breaking sales, becoming the fastest-selling console ever with 3.5 million units sold in its first four days [3][4] - The console is priced at $449.99 in the U.S., significantly higher than the original Switch's launch price of $299.99 [7][8] - Analysts express concerns about sustaining sales momentum in the long term, especially given the high price point and competition [5][6] Sales Performance - The Switch 2 reached the highest global sales level for any Nintendo hardware within the first four days of its release [4] - It surpassed the original Switch and Sony's PlayStation 5, which sold 2.7 million and 3.4 million units in their first month, respectively [4] - Nintendo forecasts selling 15 million Switch 2 consoles in the current financial year, similar to the original Switch's performance in the same timeframe [7] Pricing Strategy - The high price of the Switch 2 is seen as a strategic move to mitigate potential impacts from U.S. tariffs [8][9] - A Japan-only version of the console is priced lower at 49,980 yen ($350) [8] - New game titles for the Switch 2 are also priced higher than existing titles, which may affect consumer adoption [8] Product Features - The Switch 2 features eight times the memory of the original Switch and includes innovative controllers that can function like a desktop computer mouse [9] - New functionalities such as online chat and temporary game sharing are designed to attract younger audiences [9] Revenue Dependency - Approximately 90% of Nintendo's revenue is derived from the Switch business, making the success of the Switch 2 crucial for the company's financial health [10]
腾讯在线视频BU管理架构升级:成立执行委员会、AI影视表达工作室,孙忠怀任董事长
Xin Lang Ke Ji· 2025-06-11 08:42
在内部发文中,腾讯强调,这是腾讯视频在内容力和商业效率均取得显著突破的里程碑之际所做的又一 次管理升级,希望瞄准下一阶段发展目标,加大AI等新技术投入,探索新的潜在机会,进一步提升内 容影响力。 根据腾讯内部发文,孙忠怀将带领团队负责在线视频BU重大业务与管理决策、把握战略方向、指导业 务发展;与此同时,还将带领团队聚焦腾讯视频内容和品牌影响力的持续提升,并加强海外业务开拓、 集团跨板块的IP和内容联动、内容类AI创新等领域的探索,向平台与内容事业群总裁任宇昕汇报。 据了解,腾讯视频近年来的业务表现,在腾讯内部获得了高度认可。业务的高歌猛进和新机会的出现, 驱动了本次管理架构的升级。 新浪科技讯 6月11日下午消息,腾讯平台与内容事业群在线视频BU发文宣布,设立在线视频BU 执行委 员会,作为核心决策小组,对在线视频BU的重大业务和管理事宜进行集体决策。核心决策小组由孙忠 怀、王娟、马延琨组成。 核心管理团队的职务也做了升级,孙忠怀升任在线视频BU董事长,王娟和马延琨则升任在线视频BU联 席总裁,并分别兼任CCO(首席内容官)和COO(首席运营官)。两人共同参与在线视频BU的重大业 务与管理决策工作,向在线视 ...
腾讯在线视频BU管理机制升级:成立执行委员会 孙忠怀任董事长
news flash· 2025-06-11 08:26
腾讯在线视频BU管理机制升级:成立执行委员会 孙忠怀任董事长 金十数据6月11日讯,腾讯平台与内容事业群在线视频BU发文宣布,设立在线视频BU执行委员会,作 为核心决策小组,对在线视频BU的重大业务和管理事宜进行集体决策。核心决策小组由孙忠怀、王 娟、马延琨组成。在这次管理升级中,腾讯视频还专门成立了AI影视表达工作室。 (一财) ...
Nintendo sees record 3.5 million sales of its latest Switch console in first four days
CNBC· 2025-06-11 05:56
Core Insights - Nintendo Switch 2 achieved record-breaking sales of over 3.5 million units within four days of its launch, marking a significant milestone for the company as it releases its first new console in eight years [1][2] - The company aims to sell 15 million units of the Switch 2 in the fiscal year ending March 2026, with the initial sales figures indicating a strong start towards this goal [2] - Nintendo's shares have increased nearly 30% this year, although they experienced a decline of 3.5% on the day of the sales announcement [3] Sales Performance - The Switch 2 was launched on June 5, 2025, and has generated considerable excitement among fans, evidenced by long lines at Nintendo stores for the midnight release [2] - The original Switch set a high benchmark with 15 million unit sales in its first year and went on to sell over 152 million units, making it the second-highest selling Nintendo device [4] Market Reaction - Despite the positive sales figures, there was a slight decrease in Nintendo's stock price following the announcement, indicating market volatility [3] - The company's stock has seen a substantial increase since the original Switch's debut in March 2017, rising nearly fivefold [3]
Stingray Reports Fourth Quarter and Full-Year Results for Fiscal 2025
Globenewswire· 2025-06-10 22:00
Sustained Momentum with a Third Year of Diversified Growth and Solid Financial StrengthFourth Quarter Highlights Organic growth of 16.1% year-over-year in Broadcast and Recurring Commercial Music Revenues;Revenues increased 14.8% to $96.0 million in the fourth quarter of 2025 from $83.7 million in the fourth quarter of 2024;Net income totaled $7.7 million, or $0.11 per share, in the fourth quarter of 2025 compared to a Net loss of $46.3 million, or $0.67 per share, in the same period in 2024;Adjusted EBITDA ...
Vimeo Elects Adam Cahan, Lydia Jett, and Kirsten Kliphouse to Board of Directors
Globenewswire· 2025-06-10 20:15
NEW YORK, June 10, 2025 (GLOBE NEWSWIRE) -- Vimeo, Inc. (NASDAQ: VMEO), one of the largest and most trusted private video networks in the world, today announced the election of Adam Cahan, Lydia Jett, and Kirsten Kliphouse to its Board of Directors. The new Board members were elected during the company’s Annual Stockholder Meeting on June 9, 2025. In addition to its new Board members, Vimeo also announced the departures of two Board members, Alesia J. Haas and Ida Kane, both of whom had served on the Board ...
EVS Communicates the Results of the Extraordinary General Meeting of June 10, 2025
Globenewswire· 2025-06-10 16:30
EVS COMMUNICATES THE RESULTS OF THE EXTRAORDINARY GENERAL MEETING OF JUNE 10, 2025 EVS Broadcast Equipment SA, leading provider of live video production systems, held a postponed Extraordinary General Meeting on Tuesday, June 10, 2025 (due to the lack of attendance quorum at the Extraordinary General Meeting convened on May 20, 2025). In total 163 shareholders representing 3,721,388 shares, or 25.97% of the company shares, attended (by proxy) the Extraordinary General Meeting held physically at the company' ...