logo
Nintendo says it won't sacrifice creativity for cheaper games

Nintendo says it won't sacrifice creativity for cheaper games

Time of India5 days ago
Nintendo
president
Shuntaro Furukawa
has firmly rejected the industry trend of cutting creative corners to reduce costs, instead outlining a strategic approach to maintain the company's innovative edge while managing skyrocketing development expenses. Speaking at a recent shareholders meeting, Furukawa emphasized that Nintendo will prioritize uniqueness over cost-cutting measures plaguing competitors.
"The most important aspect of our management is the belief that the true value of entertainment lies in its uniqueness," Furukawa stated. "Recent
game software development
has become larger in scale and longer in duration, resulting in higher development costs. The game business has always been a high-risk business, and we recognize that rising development costs are increasing that risk."
Nintendo's dual-track strategy for Switch 2 games
The company is exploring a two-pronged approach to game development. While continuing to invest in ambitious titles like the open-world Mario Kart World and the destruction-heavy Donkey Kong Bananza, Nintendo is simultaneously developing smaller-scale games that require less time and resources.
"We also believe it is possible to develop game software with shorter development periods that still offer consumers a sense of novelty," Furukawa said. "We see this as one potential solution to the concern about rising development costs and software prices, and we will explore it from various angles within the company."
Nintendo's approach contrasts the industry that's facing layoffs and studio closures
Nintendo's commitment to creativity starkly contrasts with industry-wide layoffs and studio closures affecting competitors like Microsoft. While others slash budgets and cancel projects, Nintendo is doubling down on its core philosophy.
"Our development teams are devising various ways to maintain our traditional approach to creating games amidst the increasing scale and length of development," Furukawa said. "We believe it is important to make the necessary investments for more efficient development."
AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NVIDIA Becomes First Public Company To Cross $4 Trillion Market Cap Amid AI Boom
NVIDIA Becomes First Public Company To Cross $4 Trillion Market Cap Amid AI Boom

NDTV

time5 hours ago

  • NDTV

NVIDIA Becomes First Public Company To Cross $4 Trillion Market Cap Amid AI Boom

NVIDIA Corporation has become the first publicly traded company to reach a $4 trillion market capitalisation, a milestone driven by soaring demand for artificial intelligence hardware. As of July 10-11, 2025, NVIDIA briefly peaked above $4 trillion during trading and closed at around $4.004 trillion, surpassing Microsoft and Apple. Why It Matters AI Infrastructure Powerhouse: NVIDIA's GPUs power major AI models-including ChatGPT, Google Gemini, and Meta LLaMA-and are essential across data centres and supercomputing platforms. Their H100 and Blackwell chips maintain leading positions. Rapid Rise: The company's market cap climbed from $1 trillion (June 2023) to $2 trillion (February 2024) to $3 trillion (June 2024), reaching $4 trillion in just over a year. Scale Comparison: NVIDIA's valuation now exceeds the combined market values of the UK's public companies and the stock markets of Canada and Mexico, making it comparable to the GDP of large economies like India or Japan. Financial Snapshot According to Reuters, NVIDIA has had a strong year financially. Its stock is up 22% so far in 2025, after soaring by about 239% in 2024. In the first quarter of fiscal year 2026, the company reported $44.1 billion in revenue. For the second quarter, NVIDIA expects revenue of around $45 billion. The company has also become the largest in the S&P 500 index, making up about 7.3% of its total weight. Daniel Ives (Wedbush) called NVIDIA "the poster child of the AI revolution" and suggested Microsoft may soon follow with a similar valuation. Bernard firm CFRA recently raised its price target amid strong demand for AI infrastructure. What's Next According to Forbes, NVIDIA plans to release its next-generation "Rubin" AI chips in 2026 to stay ahead of competition from AMD, Intel, and cloud providers. Regulatory Scrutiny: US and EU regulators are assessing NVIDIA's dominance in AI hardware, focusing on competition concerns and transparency issues. NVIDIA's milestone valuation of $4 trillion highlights its critical role in fuelling the AI revolution via powerful GPUs and software. Its rapid ascent, global scale, and future chip innovations mark it as a keystone of 21st-century computing.

Google recruits Windsurf CEO Varun Mohan, co-founder, and several AI researchers for $2.4B investment after OpenAI's $3B deal falls apart
Google recruits Windsurf CEO Varun Mohan, co-founder, and several AI researchers for $2.4B investment after OpenAI's $3B deal falls apart

Time of India

time11 hours ago

  • Time of India

Google recruits Windsurf CEO Varun Mohan, co-founder, and several AI researchers for $2.4B investment after OpenAI's $3B deal falls apart

Google has acquired top AI coding talent from Windsurf, including CEO Varun Mohan and co-founder Douglas Chen, for its DeepMind division in a $2.4 billion deal. This move comes after OpenAI's acquisition attempt failed due to Microsoft's IP access demands. Google gains non-exclusive licensing rights to Windsurf's AI coding technology, strengthening its position in the competitive AI-powered software development market. Google has secured top AI coding talent from startup Windsurf in a $2.4 billion deal, hiring CEO Varun Mohan and co-founder Douglas Chen for its DeepMind division after OpenAI's $3 billion acquisition attempt collapsed due to Microsoft complications. The tech giant is paying the massive sum for non-exclusive licensing rights to Windsurf's AI coding technology while bringing key researchers to strengthen its artificial intelligence coding capabilities. Google will not take any stake in Windsurf, allowing the startup to continue operations under interim CEO Jeff Wang . Microsoft tensions derail OpenAI's windsurf purchase OpenAI's planned acquisition unraveled when Microsoft refused to grant an exception that would prevent the tech giant from accessing Windsurf's intellectual property. Under Microsoft's existing agreement with OpenAI, the software company is entitled to access OpenAI's technology, including any acquired assets. Windsurf leaders were concerned about sharing their proprietary AI coding technology with Microsoft, which competes directly in the space with its Copilot product. The breakdown in negotiations opened the door for Google to swoop in with a more straightforward offer from CEO Sundar Pichai and DeepMind chief Demis Hassabis. Tech giants battle for AI coding supremacy The deal is the latest of "acquihire" strategy employed by major companies to attract top AI talent without triggering regulatory scrutiny. Similar arrangements have seen Microsoft hire Inflection AI founders, Amazon recruit Adept AI executives, and Meta take a 49% stake in Scale AI. Windsurf, founded in 2021 as Exafunction Inc., has emerged as one of the hottest AI coding startups, reaching approximately $100 million in annual recurring revenue by April 2025. The company had raised over $200 million from investors including Kleiner Perkins and Greenoaks Capital Partners. The hiring of Mohan, Chen, and other Windsurf researchers will boost Google's efforts to compete with rivals like Anthropic's Claude Code and OpenAI's Codex in the rapidly growing AI-powered software development market. AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store