Skittishness Hitting AI Stocks
Investors want to see consumer and enterprise demand meet AI buildout says, Ayako Yoshioka, portfolio manager at the Wealth Enhancement Group. She joins Caroline Hyde and Jackie Davalos on 'Bloomberg Technology.' (Source: Bloomberg)
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Hypebeast
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Capcom's New ‘Pragmata' Trailer Showcases Unique Dual-Character Gameplay
Summary Capcomhas officially unveiled a new trailer forPragmataduringPlayStation'sState of Play, offering a fresh look at the long-awaited sci-fi action-adventure game. Originally announced in2020, the game has faced multiple delays, but the latest trailer confirms its 2026 release window. Set in a futuristic lunar research station,Pragmatafollows spacefarer Hugh and android Diana, who must navigate a hostile AI-controlled environment to return to Earth. The trailer showcases stunning visuals, blending haunting lunar landscapes with dynamic action sequences, reinforcing the game's mysterious and immersive atmosphere. One of the standout features revealed in the trailer isPragmata's distinctive dual-character gameplay. Players control both Hugh and Diana simultaneously, with Hugh often carrying Diana through much of the action. Each character possesses unique abilities, requiring players to strategically switch between them to overcome obstacles. The game introduces a novel hacking-based combat system, allowing Diana to manipulate enemy systems and disrupt their functions. Concurrently, Hugh engages in direct combat and leverages his skills for environmental navigation, creating a synergistic gameplay loop that emphasizes both action and strategic planning. The trailer teases tense encounters with rogue machines, emphasizing the blend of action and strategy inPragmata's gameplay. The cinematic sequences suggest a story-driven experience, where players will uncover the secrets of the lunar station and its enigmatic AI overlord. With its striking visuals, innovative mechanics and compelling premise,Pragmatais shaping up to be a standout sci-fi adventure when it launches in 2026 for PlayStation 5, Xbox Series X|S and PC.
Business Insider
6 minutes ago
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Google's AI CEO explains why he's not interested in taking LSD in his quest to understand 'the nature of reality'
Demis Hassabis prefers gaming over acid trips. The Google DeepMind CEO said he's never taken LSD and doesn't want to. In a recent interview with Wired's Steven Levy, the AI boss was asked about his pursuit of understanding the "nature of reality," as his X bio states. More specifically, Hassabis was asked if acid had ever helped him get a glimpse of the nature of reality. The short answer is no. "I didn't do it like that," Hassabis said. "I just did it through my gaming and reading a hell of a lot when I was a kid, both science fiction and science." Hassabis set out as a child to understand the universe better, and the quest is ongoing. He's hoping AI and, eventually, artificial general intelligence will help reach his goal. While some tech leaders have talked about using psychedelics, Hassabis said he's "too worried about the effects on the brain." "I've sort of finely tuned my mind to work in this way," he said. "I need it for where I'm going." Google DeepMind is the research lab behind the company's AI projects, including chatbot Gemini. Hassabis is leading Google's charge toward the AI race's holy grail — AGI. Google DeepMind didn't immediately respond to a request for comment from Business Insider. Over the years, Silicon Valley has embraced the use of psychedelics, such as microdosing to improve productivity or going on ayahuasca retreats. Some investors have banked on their popularity, backing psychedelic startups that are seeking to turn the drugs into medical treatments or expand the industry in other ways. However, that's not a green light to take acid or magic mushrooms on the clock. In 2021, CEO Justin Zhu, cofounder and CEO of a startup called Iterable, said he was fired for microdosing LSD before a meeting. He hoped it would improve his focus, he said. Some of Hassabis's tech peers have been open about using LSD as established bosses or as college students. Microsoft cofounder Bill Gates, for example, took acid for the first time as a teenager, according to his memoir, " Source Code: My Beginnings." For Gates, dropping acid was exhilarating at first and a "cosmic" experience when he did it again. However, he ended up thinking his brain could delete his memories like a computer. "That would be one of the last times I would do LSD," Gates said. It didn't have that effect on Apple cofounder Steve Jobs, who told his biographer, Walter Isaacson, that it was "a profound experience, one of the most important things in my life." OpenAI's Sam Altman has also spoken positively about his experience with psychedelics. Although he didn't specify exactly what drug he took, he said it changed him from a "very anxious, unhappy person" to "calm." "If you had told me that, like, one weekend-long retreat in Mexico was going to significantly change that, I would have said absolutely not," Altman said. "And it really did." For Hassabis, he's seeking other ways to find answers to life's deepest questions. "We don't know what the nature of time is, or consciousness and reality," he told Wired. "I don't understand why people don't think about them more. I mean, this is staring us in the face."
Yahoo
32 minutes ago
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Japanese Bonds Rise as 30-Year Auction Brings Some Relief
(Bloomberg) -- Japanese government bonds rose after an auction of 30-year debt wasn't as bad as many investors had feared. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract The Global Struggle to Build Safer Cars NYC Residents Want Safer Streets, Cheaper Housing, Survey Says The Buffalo Architect Fighting for Women in Design While immediate market reaction indicated relief — yields edged lower after the sale — the bid-to-cover ratio of 2.92 at Thursday's offering points to a general lack of appetite for longer-maturity debt that is afflicting markets from Japan to Europe and the US. Several auctions of longer tenor Japanese bonds in recent weeks have met shaky demand, with the market flashing a warning that authorities in Tokyo may need to reconsider their issuance plans. The Ministry of Finance is set to meet with primary dealers on June 20, according to people familiar with the matter, just days after the Bank of Japan reviews its bond buying plans. 'The forward-looking attitude that the MOF is moving toward reducing issuance helped out the auction results,' said Takashi Fujiwara, chief fund manager at Resona Asset Management Co. in Tokyo. 'On the other hand, I don't think that supply and demand concerns for super-long bonds have peaked yet.' The 30-year bond extended an earlier gain, with the yield falling seven basis points to 2.875% at one point. The 40-year rate dropped as much as 8.5 basis points to 3.055%. 'With all this talk of issuance cuts, investors see little urgency in establishing large positions in super-long bonds until the Ministry of Finance clarifies its next steps,' said Shoki Omori, chief desk strategist at Mizuho Securities Co. 'The market appears poised for a period of watchful waiting.' Omori added that it seems some people failed to cover short positions going into the auction. What Bloomberg Strategists Say... This price action suggests bond traders were using the contract to pre-hedge the debt sale in case it went as badly as the recent 20-year sale. Traders will be relieved there are not any more long-term auctions to navigate before the BOJ meeting in less than two weeks. — Mark Cranfield, Markets Live strategist. Read more on MLIV. Japanese bonds have seen some relief this week after decent demand at a sale of 10-year notes on Tuesday, and after a rally in the US Treasury market Thursday on soft US economic data. Yields on 30-year Japanese bonds have come down from 3.185% last month, the most since inception. There are indications that the recent rout has pushed rates to attractive levels for some buyers. Investors can pick up bargains in Japanese government bonds despite a wave of recent selling that has spread volatility throughout global debt markets, according to Pacific Investment Management Co. Still, the auction results show how the bond market is concerned that the government's borrowing plans may not be sustainable as the central bank reduces its footprint in the market. Governor Kazuo Ueda hinted at the likelihood that the Bank of Japan will continue to slow the pace of government bond purchases next fiscal year, meaning that the board meeting on June 16-17 will be closely watched. Miki Den, a senior rates strategist at SMBC Nikko Securities Inc. in Tokyo, said 'supply-demand concerns will linger' until the MOF's meeting with primary dealers a few days later. 'I expect super-long term yields to remain flat or rise slightly,' he said. The bid-to-cover ratio at the sale was lower than 3.07 the previous month, and the 12-month average of 3.39. The lowest price was below that of a Bloomberg survey. 'The auction wasn't good, but within the acceptable range,' said Masayuki Koguchi, executive chief fund manager at Mitsubishi UFJ Asset Management Co. The tail, or the gap between average and lowest-accepted prices, came in at 0.49, indicating weaker demand than at the prior auction. However, it was still shorter than at April's bond sale, which was seen as positive by the market, said Koguchi. --With assistance from Masahiro Hidaka, Masaki Kondo and Hidenori Yamanaka. (Updates with comment in fourth paragraph.) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
