Latest news with #Launcher
Arabian Post
07-05-2025
- Business
- Arabian Post
Valnet's Acquisition of Polygon Sparks Editorial Overhaul and Staff Departures
Valnet, the Canadian digital media conglomerate known for owning GameRant and TheGamer, has acquired gaming and entertainment website Polygon from Vox Media, leading to significant editorial changes and staff layoffs. The acquisition, announced on May 1, 2025, is part of Vox Media's strategy to streamline operations and focus on its core brands. Following the sale, a substantial portion of Polygon's editorial team has been laid off or has chosen to depart. Notably, co-founder and editor-in-chief Chris Plante, special projects editor Matt Leone, senior reporter Nicole Carpenter, and curation editor Pete Volk have all exited the company. These departures coincide with the impending expiration of Vox Media's union contract with the Writers Guild of America East, which represented many of the affected staff members. Valnet's acquisition has drawn criticism for its handling of the transition. Chris Grant, Vox Media's group publisher for The Verge and formerly for Polygon, expressed frustration over Valnet's lack of communication during the process, stating that the company 'literally refused to meet with me or answer a single question of mine throughout this process.' Valnet's Head of Mergers and Acquisitions, Rony Arzoumanian, responded by indicating that the company primarily dealt with Vox Media CEO Jim Bankoff during the acquisition discussions. Despite the upheaval, Valnet has expressed optimism about Polygon's future. Arzoumanian emphasized plans for substantial investment, staff rebuilding, and long-term development, stating that Valnet aims to 'do what's right for Polygon.' Approximately ten existing staff members are transitioning to Valnet, with Matt Patches, previously Polygon's executive editor, currently leading the team. Valnet intends to recruit 'triple-A' writers and editors to bolster the publication's editorial capabilities. The acquisition comes amid broader instability in gaming journalism, with major platforms like The Washington Post's Launcher and Vice's Waypoint shuttering, and others, including Game Informer and Giant Bomb, undergoing significant operational changes or ownership shifts. Valnet's move to acquire Polygon reflects its strategy to expand its presence in the gaming space, adding to its portfolio of over 27 brands across entertainment and lifestyle sectors. Valnet has faced scrutiny over its labor practices, with a report from TheWrap alleging 'almost sweatshop-level' working conditions at one of its publications. The company has publicly contested these claims and filed a defamation lawsuit against TheWrap. Arzoumanian has stated that Valnet plans to maintain Polygon's archival content and avoid the use of AI-generated articles, aiming to preserve the publication's journalistic integrity.
Yahoo
31-01-2025
- Business
- Yahoo
AI Chips Update - AI Empowers Entrepreneurs With Innovative Business Tools
In recent developments within the AI chip sector, companies are leveraging artificial intelligence to simplify complex tasks and enhance user functionality. A notable example is the release of Wix's AI-powered Business Launcher, designed to assist users in starting new business initiatives by transforming skills and experiences into viable ventures. The tool provides personalized guidance through business planning, offering tailored ideas, actionable plans, and tools to create and manage a professional digital presence efficiently. This announcement highlights the ongoing trend of using AI to empower individuals and streamline the entrepreneurial journey, showcasing the expanding capabilities of AI technologies in diverse applications. In other trading, was a notable mover up 9.9% and finishing the session at $64.60. Meanwhile, softened, down 10.7% to close at €21.24, near its 52-week low. On January 30, one day ago, the company reported a significant year-over-year decline in revenue and net income for Q4 2024. NVIDIA's strategic expansion in AI and data centers may drive significant growth. Click to explore the detailed narrative on NVIDIA's potential trajectory. Be sure to check out our Market Insights article titled "DeepSeek and Trump's EOs: The Winners And Losers," where we examined the disruptive impact of DeepSeek's R1 model on the AI chip industry and the potential implications for investors amid its surprising efficiency and performance dynamics. finished trading at $118.86 up 1.3%. On Wednesday, AMD and Ocient announced a collaboration to enhance AI workload efficiency with 4th Gen EPYC processors. settled at $124.65 up 0.8%. settled at $171.93 up 0.1%. Gain an insight into the universe of 53 AI Chip Stocks, among which are ASM International, Infineon Technologies and Montage Technology, by clicking here. Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments. Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sources: Simply Wall St "Wix Helps Users Turn Skills into Revenue and Create New Business Initiatives with AI-Powered Business Launcher" from Ltd. on GlobeNewswire (published 30 January 2025) Companies discussed in this article include NasdaqGS:CRDO NasdaqGS:AMD NasdaqGS:NVDA NasdaqGS:QCOM and ENXTPA:STMPA. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
