By Zane Bhansali
Mike Sepso is a gilded name in esports.
His latest win? The senior VP of Activision Blizzard was recently appointed a strategic partner of Overwatch team league Excelsior.
And he also happens to be the leader of Major League Gaming, which he founded with partner Sundance DiGiovanni in 2002. But before he assumed his throne, Sepso conceived MLG during a single lazy summer when he and his partner were basking in the glory of their previous company, Gotham Broadband.
"What we wound up doing a lot of was playing 'Halo' competitively against each other and other people and going to Yankees games," he told Cheddar of that period.
"And somehow, over the course of lots of games of 'Halo' and winning some money from the guys that lived down the hall from Sundance, lots of Yankees games, and sort of thinking about it, the idea for MLG came together."
Sepso may sit above most in the esports stadium, but he's still able to spot all the changes from his perch.
"I think you have the new world of the gaming industry ー it's different," he said. "The old genres don't really matter anymore."
He distinguished the most popular titles by their goals, and said "Overwatch" was "built for esports" and Epic Games' phenomenon "Fortnite" was "made for broadcast and streaming."
Of superstar streamer Ninja and his game of choice, he said, "I think it's sort of a symbiotic relationship. I don't think Ninja would be playing 'Fortnite' if there weren't a lot of people interested in watching."
And of course, it's all about the fans.
"I think part of it is he just got really, really good at streaming and developed a really good rapport with this fanbase. And then this game came out, and it was sort of perfectly attuned to him."
But, Sepso said, it's also a matter of skill and expertise. Ninja, among other things, has mastered his craft.
"It's rewarding if you're a really skilled player, and certainly he's got a long history of being a very skilled player and very practiced."
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Parents of teenagers who died by suicide after interacting with AI chatbots are set to testify before Congress.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Federal Trade Commission has launched an inquiry into several social media and artificial intelligence companies about the potential harms to children and teenagers who use their AI chatbots as companions.
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
