The AI Boom Is Repricing Gaming Hardware and Rewiring the Console Business

The AI Boom Is Repricing Gaming Hardware and Rewiring the Console Business

Something happened this year that had not happened in four decades of console history: every major platform holder raised prices mid-generation, some of them twice. The PS5 now sells for $649.99, up from $499.99 at launch. The Xbox Series X jumped from $499.99 to $799.99. Nintendo is expected to push the Switch 2 from $449.99…

Inside Saudi Arabia’s $38 Billion Gaming Empire

Inside Saudi Arabia’s $38 Billion Gaming Empire

In early 2022, Savvy Games Group was little more than a newly formed vehicle inside Saudi Arabia’s Public Investment Fund (PIF), armed with a $38 billion war chest and a promise to spend it. Now, four years later, it controls Scopely, ESL FACEIT Group, Steer Studios, and (pending close) Moonton, while also stewarding billions of…