A hot potato: Electronic Arts is an organization that arguably only misses out on the title of "most-hated game company in the world" because Ubisoft exists. As it turns out, EA loves generative AI. CEO Andrew Wilson has been praising the technology, claiming it is set to make EA 30% more efficient while boosting monetization by 20% over the next five years. It also sounds like it will cost more game developers their jobs.
Why it matters: ASML is the largest manufacturer of photolithography machines, designed for etching intricate circuits onto silicon wafers to create advanced computer chips. It stands as the most highly valued European tech company, boasting a market capitalization of nearly $400 billion. Additionally, ASML represents one of the major business ventures in the Netherlands' economy.
What just happened? Spotify has spent five years accusing Apple's music streaming subscription policies of being anti-competitive, and the European Union just ruled overwhelmingly in Spotify's favor. Apple argues that it deserves a cut for its role in Spotify's success. Meanwhile, another battle looms between the companies over sideloading and new fees.
A hot potato: Nvidia is experiencing the kind of success most companies could only dream of right now, and it's all thanks to the generative AI boom. But not everyone is praising Jensen Huang and his firm. After a rival chip maker accused it of delaying orders of AI GPUs to customers who are courting other suppliers, a former AMD vice president has called Team Green "the GPU cartel."
Imagine this: You are standing in line at a fast food restaurant, looking at the menu to decide what to order. You decide on a plain burger for $4. The queue finishes one order, so you move up, then notice your burger now costs $4.20. The line moves again, and now it's $4.40. There are still five more customers ahead of you. What do you do?