Tech News

Meta’s metaverse layoffs apparently include some of its VR studios

Meta is laying off about 10 percent of its Reality Labs metaverse division, and the cuts apparently include closing down some of its VR gaming studios. It “appears” Twisted Pixel Games, the developer of Marvel’s Deadpool VR, Sanzaru Games, the developer of the Asgard’s Wrath franchise, and Armature Studio, who worked on the Resident Evil … Read more

Cryptocurrency

Energy grid operators are ignoring Bitcoin’s stabilization benefits to chase a wealthier, less flexible buyer

Former Binance CEO, Changpeng Zhao (CZ), recently stated that the UAE generates surplus power in order to cover “three days” of high demand each year, making Bitcoin a buyer of last resort for energy that would otherwise go unused. Stripping away the specifics, the logic holds: mining turns curtailed or stranded electricity into revenue when … Read more

Finance

European ammunition maker gears up for €30bn IPO

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Czechoslovak Group, one of Europe’s largest ammunition makers, is preparing for an imminent launch of a milestone initial public offering in a move that would underline investor appetite for defence groups. The Prague-based company is … Read more

Tech News

Scott Adams, Dilbert creator, dead at 68

Scott Adams, the creator of the Dilbert comic strip, died today of prostate cancer at 68. Adams satirized the world of cubicle-based IT and engineering in Dilbert, which at its height appeared in 2,000 daily newspapers and was later anthologized in numerous books. Dilbert was an engineer with few social skills, but he always knew … Read more

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