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Game Maker Jam City To Go Public In $1.2B SPAC Deal

May.20 — Jam City Inc., the developer behind mobile games including “Cookie Jam” and “Disney Pop Town,” is going public in a $1.2 billion deal with a blank-check company. As part of the transaction, Jam City is acquiring Montreal-based game publisher Ludia Inc. The two companies will combine with DPCM Capital Inc., the special purpose…

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May.20 — Jam City Inc., the developer behind mobile games including “Cookie Jam” and “Disney Pop Town,” is going public in a $1.2 billion deal with a blank-check company. As part of the transaction, Jam City is acquiring Montreal-based game publisher Ludia Inc. The two companies will combine with DPCM Capital Inc., the special purpose acquisition company set up by a former Uber Technologies Inc. executive. DPCM Chairman and CEO Emil Michael speaks to Emily Chang on “Bloomberg Technology.”

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Bloomberg Technology

Meta’s Zuckerberg strains to assuage investor worries on AI bet

Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed…

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Meta gave a disappointing revenue forecast for the current quarter, intensifying investor concerns that the social media giant isn’t swiftly benefiting from its massive outlay on artificial intelligence. Ed Ludlow reports.
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Bloomberg Technology

Apple Slides After Supply Shortages Hurt Sales Forecast

Apple tumbled in late trading after component shortages weighed on the company’s sales forecast. Ed Ludlow breaks down the company’s Q2 earnings. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:   Get the latest in tech from…

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Apple tumbled in late trading after component shortages weighed on the company’s sales forecast. Ed Ludlow breaks down the company’s Q2 earnings.
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Bloomberg Technology

Anthropic Hack Adds To Fears Over AI Safety

Anthropic says its AI models were involved in a hack, days after OpenAI made a similar disclosure. Does AI have a safety problem? Bloomberg’s Jordan Robertson explains. ——– Like this video? Subscribe to Bloomberg Technology on YouTube:   Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here:   Get…

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Anthropic says its AI models were involved in a hack, days after OpenAI made a similar disclosure. Does AI have a safety problem? Bloomberg’s Jordan Robertson explains.
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