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Saudi PIF buys 5% Nintendo stake for $3 billion before 10-for-1 split

Derek Strickland | Gaming | Wed, May 18 2022 2:18 PM CDT

Saudi Arabia now owns 5% of Nintendo's total shares, Bloomberg reports.

Saudi PIF buys 5% Nintendo stake for $3 billion before 10-for-1 split 554 | TweakTown.com

Saudi Arabia's Public Investment Fund (PIF), a sovereign financing account with an estimated $600 billion in assets, has purchased 5% of Nintendo's overall shares to secure long-term earnings.

Saudi's PIF stake purchase represents 6,493,450 shares worth a total of $3 billion (384.86 billion yen). According to stock ownership data, the PIF is now the second-largest Nintendo stakeholder behind the Master Trust Bank of Japan, who owns nearly 13% of shares.

Continue reading: Saudi PIF buys 5% Nintendo stake for $3 billion before 10-for-1 split (full post)

PlayStation Home needs to come back for Sony's new metaverse

Derek Strickland | Gaming | Wed, May 18 2022 12:19 PM CDT

Sony should revive PlayStation Home to serve its new plans for the metaverse.

PlayStation Home needs to come back for Sony's new metaverse 5 | TweakTown.com

Sony has interesting ideas for the metaverse. The Japanese giant sees the metaverse as a big online network that could merge media, services, and social interactions. Sony is well-suited with this plan because it has a wealth of games IPs, music licenses, produced films and TV shows, and rights to anime under its Crunchyroll streamer.

Sony's basic idea is to unify games, entertainment, live events, music, and content in a converging digital landscape. There's talk of users meeting up in digital spaces to watch live music events and sports broadcasts, complete with virtual avatars.

Continue reading: PlayStation Home needs to come back for Sony's new metaverse (full post)

Sony outlines its ambitious plans for the metaverse

Derek Strickland | Gaming | Wed, May 18 2022 11:15 AM CDT

Sony confirms that it plans to support the metaverse in its own unique way.

Sony outlines its ambitious plans for the metaverse 39 | TweakTown.com

The metaverse offers different opportunities for each companies. Some want to use it to peddle NFTs and play-to-earn blockchain games. Others see it as a great avenue for monetization. Sony plans to use the metaverse as a grand convergence of its multimedia businesses.

In a recent corporate strategy meeting, Sony CEO Kenichiro Yoshida gave a brief but telling look at the company's metaverse ideals. Sony's metaverse ambitions are based around immersion through the use of its powerful and flexible technologies that span gaming, music, sports, and even film and TV shows.

Continue reading: Sony outlines its ambitious plans for the metaverse (full post)

Red Dead Redemption 2 hits 44 million sales, surprises Take-Two

Derek Strickland | Gaming | Wed, May 18 2022 10:27 AM CDT

Red Dead Redemption 2 is still roaming the frontier with strong sales, and it did so well that even Take-Two Interactive was surprised.

Red Dead Redemption 2 hits 44 million sales, surprises Take-Two 2 | TweakTown.com

In its recent FY22 earnings call, Take-Two Interactive said that Red Dead Redemption 2 "exceeded our expectations" thanks to continued sales growth. The legendary outlaw tale has sold 44 million copies worldwide since its launch in 2018, with 2 million copies sold during Q4.

"Results for the series were notably above our expectations for the period, which is further proof of the ongoing popularity of Rockstar's blockbuster entertainment experiences," Take-Two CEO Strauss Zelnick said.

Continue reading: Red Dead Redemption 2 hits 44 million sales, surprises Take-Two (full post)

Techland trades zombies for sorcery, next game is new fantasy IP

Derek Strickland | Gaming | Wed, May 18 2022 9:39 AM CDT

Techland announces that it is working on a new IP set in a fantasy world, but Dying Light 2 will continue being supported.

Techland trades zombies for sorcery, next game is new fantasy IP 1 | TweakTown.com

Dying Light developer Techland is burying its dead and venturing to a brave new world of sword and sorcery. The studio has revealed tentative plans for its next big fantasy-fueled game. Like Dying Light, the new fantasy IP is an action RPG set in a sprawling open world.

Techland's new IP is built from the ground up for next-gen hardware and is described as a fantasy epic, and the studio is ramping up its teams for the mysterious project.

Continue reading: Techland trades zombies for sorcery, next game is new fantasy IP (full post)

AMD Navi 31 GPU: new rumors tease 24GB GDDR6 on 384-bit memory bus

Anthony Garreffa | Video Cards | Wed, May 18 2022 8:04 AM CDT

AMD's next-gen RDNA 3 graphics architecture will be led by the new Navi 31 GPU, which has changed specifications according to the very, very latest leaks.

Navi 31 is now reportedly packing a wider 384-bit memory bus, up from the 256-bit memory bus from previous rumors... while also packing 24GB of GDDR6. Navi 31 has been mentioned with a 256-bit memory bus + 32GB GDDR6 before, so this new SKU is interesting.

The newer Navi 31 rumored GPU specs would see the 384-bit memory bus not just increasing overall memory bandwidth over a 256-bit memory bus, but AMD would require fewer memory modules at the same time. This means that AMD and its AIB partners can make their Navi 31-based offerings cheaper, and require less cooling (which also helps with costs).

Continue reading: AMD Navi 31 GPU: new rumors tease 24GB GDDR6 on 384-bit memory bus (full post)

Officials plead that these rare carnivorous penis plants aren't picked

Jak Connor | Science, Space, Health & Robotics | Wed, May 18 2022 5:45 AM CDT

Officials have shared images on Facebook of three women posing with the strangely shaped plants and have asked the public to refrain from picking them.

Officials plead that these rare carnivorous penis plants aren't picked 01 | TweakTown.com

The Cambodian Ministry of Environment has asked the public to stop picking the rare plant species, writing in its Facebook post that what the three women in the included images are doing is "wrong", "and please don't do it again in the future!". LiveScience spoke to Jeremy Holden, a freelance wildlife photographer and the discoverer of the Nepenthes holdenii plant species, and Francois Mey, a botanical illustrator.

The two informed the publication that despite numerous reports of the plant in the photos being Nepenthes holdenii, it was more closely related to Nepenthes bokorensis, which is more widely found across southwest Cambodia. These Nepenthes plants survive by producing nectar that attracts insects that climb inside of the plant and become trapped in digestive fluids.

Continue reading: Officials plead that these rare carnivorous penis plants aren't picked (full post)

Head of NASA declares China is 'good at stealing' its space tech

Adam Hunt | Science, Space, Health & Robotics | Wed, May 18 2022 5:25 AM CDT

NASA Administrator Bill Nelson spoke at a recent House Appropriations Committee hearing about space-related matters.

The hearing addressed the $26 billion budget request by U.S. President Biden to be allocated to NASA for the 2023 fiscal year, more than has ever been allocated to NASA. During the hearing, Nelson said he believes NASA is "in a space race with China" and that "they've done some impressive stuff," according to this series of tweets quoting Nelson.

However, he followed this up by saying, "yes, they are good at stealing," after citing their rover on Mars and their Tianhe space station. Nelson believes that cybersecurity needs to be taken more seriously in the government and private sector, likely to prevent their technologies from being used by others.

Continue reading: Head of NASA declares China is 'good at stealing' its space tech (full post)

Huge nuclear fusion breakthrough doubles fuel usage, increasing output

Adam Hunt | Science, Space, Health & Robotics | Wed, May 18 2022 5:04 AM CDT

A study on the fusion fuel breakthrough titled "First-Principles Density Limit Scaling in Tokamaks Based on Edge Turbulent Transport and Implications for ITER" has been published in the journal Physical Review Letters.

Huge nuclear fusion breakthrough doubles fuel usage, increasing output 01 | TweakTown.com

Physicists from the Swiss Federal Institute of Technology Lausanne (Ecole Polytechnique Federale de Lausanne, or EPFL) have updated one of the foundational laws governing nuclear fusion research since 1988, the Greenwald limit, named after Martin Greenwald. They have shown that much more hydrogen fuel can safely be used in fusion reactors.

Nuclear fusion (the process of fusing two atomic nuclei, typically of hydrogen, and releasing large amounts of energy) experiments are conducted within reactors called tokamaks. The tokamak is designed to contain the plasma created from the fusion fuel, in this case, hydrogen atoms, which is heated to about ten times the temperature of the sun's core.

Continue reading: Huge nuclear fusion breakthrough doubles fuel usage, increasing output (full post)

Heaviest commercial satellite ever will launch on SpaceX Falcon Heavy

Adam Hunt | Science, Space, Health & Robotics | Wed, May 18 2022 4:43 AM CDT

New estimations show that the upcoming Jupiter-3 geostationary communications satellite will be the heaviest commercial geostationary satellite ever launched.

Heaviest commercial satellite ever will launch on SpaceX Falcon Heavy 01 | TweakTown.com

Jupiter-3, also known as Echostar 24, is being built by Maxar Technologies for Hughes Network Systems, a subsidiary of EchoStar. The satellite was scheduled to launch at the end of 2022, after initially being planned to launch mid-way through the year, but delays to several Maxar spacecraft, including Jupiter-3, mean that it is now likely to launch in early 2023.

"This delay is due in part to relocation of critical resources at Maxar to a higher priority government-related spacecraft project," said Pradman Kaul, president of Hughes Networks Systems.

Continue reading: Heaviest commercial satellite ever will launch on SpaceX Falcon Heavy (full post)

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