Business stories featured on GGD News
Startup Trying to Un-Extinct Prehistoric Mammoth Creates ‘Woolly Mouse’
Colossal Biosciences has raised more than $400 million to resurrect bygone species.
Home Depot Turns to AI to Answer Online Shoppers’ Questions
Home Depot Inc. is betting on generative AI to improve online shopping — part of the big-box retailer’s efforts to revive sales and get back to steady growth.
Just Eat Introduces Food Delivery by Autonomous Drone in Dublin
Just Eat customers in Dublin can now have food delivered by autonomous drone, taking a step toward automation in an industry traditionally dependent on gig economy workers.
Rockstar Games Acquires Grand Theft Auto Collaborators Video Games Deluxe
Rockstar Games has officially acquired Sydney-based development studio Video Games Deluxe, rebranding it as Rockstar Australia. This strategic move strengthens a partnership that has flourished over the past decade, with both studios collaborating on notable projects such as L.A. Noire: The VR Case Files and enhancements to Grand Theft Auto: The Trilogy – The Definitive Edition.
Sequoia Leads $190 Million Funding for Law Enforcement Tech
Peregrine Technologies boosted its valuation to $2.5 billion in the deal.
$8 Billion Paramount-Skydance Merger Expected to Close by July 2025
The entertainment industry is on the cusp of a significant transformation as Paramount Global and Skydance Media prepare to merge, forming the Paramount Skydance Corporation. This merger, valued at approximately $8 billion, is anticipated to close in the first half of 2025, marking a pivotal shift in the media landscape.
Mobile Gaming ‘Kingpin’ Behind Tripledot Starts $100 Million Investment Fund
Akin Babayigit, a co-founder of the gaming studio Tripledot, has formed an investment firm to back companies making mobile games, according to people familiar with the matter and documents.
Trump’s Funding Cuts Threaten America’s AI Competitiveness
A key federal agency for artificial intelligence research has been hit by layoffs and faces looming budget cuts.
Apple to Keep DEI Efforts, Though Some Adjustments Possible
Apple Inc. investors rejected an outside shareholder proposal to end the iPhone maker’s diversity, equity and inclusion efforts, though Chief Executive Officer Tim Cook said that the company may make some adjustments to the program.
Grubhub Cuts 23% of Staff After Wonder Deal
Grubhub is cutting about 23% of its workforce and set the stage for more changes at the company following its takeover by Wonder Group Inc., the owner of Blue Apron.