Video Game CEO Says Regenerative AI Will 'Increase Employment,' Despite Job Losses In The Industry

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Regenerative AI will create more jobs in the video game industry, Take-Two (NASDAQ:TTWO) CEO Strauss Zelnick said recently, despite the fact that thousands of animators and other behind-the-scenes ...

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A report earlier this year by the organizers of the Game Developers Conference, found that 1-in-10 game developers have been laid off in the previous year. Additionally, 30% of developers surveyed said AI has a negative impact on the video game industry, a 12-point increase from last year's survey.\"We believe we ought to pay for their work if it’s replicated by AI after their work is done,” he said.He said people should look at AI as another tool. \"Our business has been involved with digita","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AI":"C3.ai, Inc.","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","SQQQ":"纳指三倍做空ETF","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","USAW.SI":"AMZN 3xLongSG261006","QID":"纳指两倍做空ETF","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC",".IXIC":"NASDAQ Composite","TTWO":"Take-Two Interactive Software","TSYW.SI":"TESLA 3xLongSG261006","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","BK4587":"ChatGPT概念","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","EA":"艺电","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0545562505.USD":"NINETY ONE GSF GLOBAL QUALITY DIVIDEND GROWTH \"A\" (USD) INC","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","BK4577":"网络游戏","LU0238689110.USD":"贝莱德环球动力股票基金","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","PSQ":"纳指反向ETF","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","USJW.SI":"ALPHAB 3xLongSG261006","SG9999015978.USD":"利安颠覆性创新基金A","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","QLD":"纳指两倍做多ETF","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","NVIW.SI":"NVDA 3xLongSG261006","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","TQQQ":"纳指三倍做多ETF","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC"},"translate_title":"视频游戏首席执行官表示，尽管该行业出现失业，但再生人工智能将“增加就业”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EA":1,"TTWO":1,"AI":0.9,".IXIC":0.65,"USJW.SI":0.6,"NVIW.SI":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"SQQQ":0.6,"TQQQ":0.6,"TSYW.SI":0.6,"USAW.SI":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Regenerative AI will create more jobs in the video game industry, Take-Two (NASDAQ:TTWO) CEO Strauss Zelnick said recently, despite the fact that thousands of animators and other behind-the-scenes workers have lost their jobs due to the technology. \n“It will not reduce employment, it will increase employment,” Zelnick said during a talk on Oct. 17 at The Paley Center for Media, according to media reports.. “Technology always increases productivity, which in turn increases GDP, which in turn increases employment.\"\nDon't Miss:\nA report earlier this year by the organizers of the Game Developers Conference, found that 1-in-10 game developers have been laid off in the previous year. Additionally, 30% of developers surveyed said AI has a negative impact on the video game industry, a 12-point increase from last year's survey.  \nMicrosoft (NASDAQ:MSFT), which owns video game console Xbox, laid off 9,000 workers in July with many of the cuts coming from its gaming division. Some of those workers trained AI to create new levels for the mobile video game Candy Crush before they were let go, according to media reports. \nWired magazine reported last year that multiple video game production companies started using regenerative AI for game development after firing thousands of workers. \nTrending: Microsoft's Climate Innovation Fund Just Backed This Farmland Manager — And Accredited Investors Can Join the Same Fund\nAI in the video game industry\nZelnick told CNBC in February his company believes in \"protecting and paying human beings.” \n\"We believe we ought to pay for their work if it’s replicated by AI after their work is done,” he said. \nAnd while he said AI has its benefits, he stopped short of saying it could completely replace humans in the industry. “I think it’s worth noting, though, the genius is human,\" he told CNBC. \"The tools may be digital, but the creative genius is human,”\nDuring remarks at the Paley Center for Media, he said that there's only so much AI can do. \"Will it create a genius? No,\" he reportedly said. \"Will it create hits? No. It’s a bunch of data with a bunch of computers with a language model attached.”\nHe said people should look at AI as another tool. \"Our business has been involved with digital tools since its inception,” he said. \"I think we’ll probably be able to create a bunch of efficiency, and we’re already trying to do that.\"\nSee Also: GM-Backed EnergyX Is Solving the Lithium Supply Crisis — Invest Before They Scale Global Production\nStill, his colleagues seem less optimistic about AI's use in video games. Brian Fargo, founder of video game developer inXile Entertainment, told  YouTube podcast \"MrMattyPlays\" he was \"worried about job loss\" from AI, though he added he uses it for mundane tasks. \nFargo said his company pays outside contractors \"extra\" not to use AI. \"And they go, ‘If it [could] be AI, it would be cheaper,’\" he said. ‘We don’t care.”\nVideo game company  Electronic Arts (NASDAQ:EA) recently announced that it would use AI to \"empower our artists, designers, and developers to reimagine how content is built.\" \nFollowing the announcement, several video game news websites reported EA employees mocked the company's mandate to use AI in day-to-day operations and several were concerned there would be future layoffs. \nRead Next: Wall Street's $12B Real Estate Manager Is Opening Its Doors to Individual Investors — Without the Crowdfunding Middlemen\nImage: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}