If you’re a gamer who owns a 4K television, Microsoft wants you to use it to its full capacity.
The company released the Xbox One X gaming device on Tuesday to complement new technologies that pair with video consoles, according to Mike Nichols, the company's corporate vice president and CMO of gaming, who joined Cheddar for an interview.
Unsurprisingly, the greatest challenge to pull this together was packaging all of the capabilities of the Xbox One X into a smaller console, but gaming is one of the top priorities over at Microsoft, so developers took on the task, Nichols said.
“The hardest challenge was ‘how do you get it in a small package’”, he said, emphasizing that the Xbox One X is “far more powerful than any other console.”
Hardcore gamers are looking forward to purchasing the device, which retails for $499. A Twitter poll by Cheddar’s senior anchor Kristen Scholer, which generated over 2,000 responses, showed that 41 percent of respondents plan to purchase an Xbox One X.
But what exactly does the gaming sector mean for the overall success of the tech giant?
“Microsoft has been in the gaming category for decades,” Nichols said, adding the category is a very important business for the company. The Xbox One X is only an extension of what Microsoft has already been doing in the industry.
According to the market research and statistics firm Statista, the video game market in the United States is big business. In 2015, the market was valued at nearly $17 billion, and it’s expected to generate revenues of $20.3 billion by 2020.
The company reports that the majority of revenues in the U.S. gaming market last year came from digital PC and console games, with the second highest share belonging to mobile games.
Nichols told Cheddar that Microsoft has seen record demands and pre-orders for the Xbox One X, with some avid fans lining up for store openings at midnight.
Spain's government has fined Airbnb 64 million euros or $75 million for advertising unlicensed tourist rentals. The consumer rights ministry announced the fine on Monday. The ministry stated that many listings lacked proper license numbers or included incorrect information. The move is part of Spain's ongoing efforts to regulate short-term rental companies amid a housing affordability crisis especially in popular urban areas. The ministry ordered Airbnb in May to remove around 65,000 listings for similar violations. The government's consumer rights minister emphasized the impact on families struggling with housing. Airbnb said it plans to challenge the fine in court.
The Islamic State group and other militant organizations are experimenting with artificial intelligence as a tool to boost recruitment and refine their operations. National security experts say that just as businesses, governments and individuals have embraced AI, extremist groups also will look to harness the power of AI. That means aiming to improve their cyberattacks, breaking into sensitive networks and creating deepfakes that spread confusion and fear. Leaders in Washington have responded with calls to investigate how militant groups are using AI and seek ways to encourage tech companies to share more about how their products are being potentially misused.
President Donald Trump has signed an executive order to block states from regulating artificial intelligence. He argues that heavy regulations could stifle the industry, especially given competition from China. Trump says the U.S. needs a unified approach to AI regulation to avoid complications from state-by-state rules. The order directs the administration to draw up a list of problematic regulations for the Attorney General to challenge. States with laws could lose access to broadband funding, according to the text of the order. Some states have already passed AI laws focusing on transparency and limiting data collection.
Waymo's self-driving taxis have been in the spotlight for both negative and positive reasons. This week, the automated ride-hailing taxis went viral after a San Francisco woman gave birth inside a Waymo taxi while on her way to the hospital. A Waymo spokesperson on Wednesday confirmed the unusual delivery. It said the company's rider support team detected unusual activity inside the vehicle and alerted 911. The taxi arrived safely at the hospital before emergency services. Waymo's popularity is growing despite heightened scrutiny following an illegal U-turn and the death of a San Francisco cat. The company, owned by Alphabet, says it is proud to serve riders of all ages.
OpenAI has appointed Slack CEO Denise Dresser as its first chief of revenue. Dresser will oversee global revenue strategy and help businesses integrate AI into daily operations. OpenAI CEO Sam Altman recently emphasized improving ChatGPT, which now has over 800 million weekly users. Despite its success, OpenAI faces competition from companies like Google and concerns about profitability. The company earns money from premium ChatGPT subscriptions but hasn't ventured into advertising. Altman had recently announced delays in developing new products like AI agents and a personal assistant.
President Donald Trump says he will allow Nvidia to sell its H200 computer chip used in the development of artificial intelligence to “approved customers” in China. Trump said Monday on his social media site that he had informed China’s leader Xi Jinping and “President Xi responded positively!” There had been concerns about allowing advanced computer chips into China as it could help them to compete against the U.S. in building out AI capabilities. But there has also been a desire to develop the AI ecosystem with American companies such as chipmaker Nvidia.
