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A sign advertising the game Cyberpunk 2077.

Mike Kemp | In Pictures via Getty Images

Shares of Polish game publisher CD Projekt rose sharply Wednesday after the company announced several major games it’s working on in the next few years, including new installments in its popular Cyberpunk and Witcher franchises.

In a strategy update late Tuesday, CD Projekt revealed a slew of new titles currently in development, including a sequel to Cyberpunk 2077 codenamed “Orion.” The game “will take the Cyberpunk franchise further and continue harnessing the potential of this dark future universe,” the firm said.

Shares of CD Projekt were up around 7% Wednesday afternoon, having earlier surged as much as 9% at the market open.

It comes after a series of mishaps that have plagued the company over the last two years. After much hype, Cyberpunk 2077’s launch in 2020 was met with rage from gamers who experienced bugs and poor performance on older consoles. The game’s launch came the same year that new machines from Sony and Microsoft were being released.

Backlash to the blunder was so fierce that at one point Sony removed the game from its digital PlayStation Store. Cyberpunk 2077 was later reinstated on the service.

Since then, CD Projekt made several updates and improvements to Cyberpunk 2077, while the release of an anime TV series based on the futuristic sci-fi franchise, “Cyberpunk: Edgerunners,” has helped revive interest in the game.

CD Projekt says it has sold 20 million copies of its Cyberpunk 2077 game to date, and over 65 million copies of all three games in its Witcher franchise.

Last year, the company suffered a ransomware attack that saw hackers steal the source code to several of its games — including The Witcher 3 and Cyberpunk 2077 — and sell it on the dark web. Notably, CD Projekt at the time refused to pay the ransom demanded by hackers.

Despite a surge in CD Projekt’s share price Wednesday, the stock is down more than 40% since the start of the year.

Here were some other highlights from CD Projekt’s strategy update:

  • The company proposed a stock-based incentive program for employees aimed at attracting — and retaining — top development talent. According to Chief Financial Officer Piotr Nielubowicz, the program will be “similar to those offered by our top global competitors.”
  • It is opening a new development studio in Boston, Massachusetts, to help expand its footprint in North America.
  • CD Projekt plans to buy up to 100 million Polish zlotys ($21 million) worth of its own stock from investors in a share buyback plan.

The company also revealed its co-founder and joint-CEO Marcin Iwinski will be stepping down after 28 years in the role. Iwinski will continue on as joint-CEO until the end of 2022, after which he will become chairman of the supervisory board.

He will remain “a major shareholder” and “active and engaged” in supporting the board, according to a statement Tuesday.

Packed pipeline of games

Three new games in the Witcher role-playing game series are expected to launch in the coming years, including a new installment in the franchise codenamed “Polaris.” Previously announced by the company in March, the game is a follow-up to the firm’s highly-acclaimed The Witcher 3: Wild Hunt. It is currently in pre-production.

CD Projekt did not specify a timeline for when the new games would come out but said its three new original Witcher titles would launch within a six-year period after Polaris’ release.

The company plans to push into online multiplayer with some of its future titles, including another game in the Witcher franchise codenamed “Sirius.”

“We are planning to add multiplayer to some of our future titles, and we are planning to do more in the area of TV and film,” said Michal Nowakowski, CD Projekt’s senior vice president of business development.

CD Projekt also announced a totally new game it is working on beyond its main two franchises, codenamed Hadar. The firm did not give away much detail but said it “currently in the conceptual phase.”

It was an unusual display of transparency in the games industry. Big publishers often remain tight-lipped about planned major releases up until they are ready to present some visuals and gameplay to fans, typically at large trade shows.

Companies like Sony and Nintendo have increasingly eschewed showy industry conferences like the E3 expo in favor of smaller-scale updates. After being cancelled once in 2020 and then replaced with a digital alternative in 2021, E3 was again scrapped this year by organizers, who cited health risks surrounding Covid-19.

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Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO

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Tokenization of real world assets is an unstoppable ‘freight train’ coming to major markets: Robinhood CEO

Vlad Tenev, chief executive officer of Robinhood Markets Inc., during the Token2049 conference in Singapore, on Thursday, Oct. 2, 2025.

Bloomberg | Bloomberg | Getty Images

The tokenization of real-world assets, from stocks to real estate, will spread to financial markets around the world, according to Robinhood Markets Chief Executive Officer Vlad Tenev. 

“Tokenization is like a freight train. It can’t be stopped, and eventually it’s going to eat the entire financial system,” Tenev told a panel at a crypto conference in Singapore on Wednesday. 

“I think most major markets will have some framework in the next five years,” he said, though he added that reaching 100% could take more than a decade.

A tokenized asset is a digital representation of a real-world asset, like stocks, bonds, or commodities, that can be recorded and traded on a blockchain or distributed ledger.

Robinhood CEO: Tokenization is going to 'eat the whole global financial system'

In June, Robinhood began offering more than 200 tokenized U.S. stocks to customers in the European Union, giving them a new way to gain exposure to the underlying assets. The move sent its stock surging to a then-record high.

“I think it will become the default way to get exposure to U.S. stocks outside the U.S.,” Tenev said. 

He expects the practice to gain traction once there is greater licensing and regulatory clarity in more jurisdictions.

“I think that will come, starting in Europe, but then expanding to the rest of the world,” he said.

On the other hand, Tenev expects the U.S. to be among the last economies to actually fully tokenize, due to what he calls the greater sticking power of the financial infrastructure. 

The crypto industry has long predicted that a mass tokenization of assets on the blockchain was coming, promising greater market efficiency. 

And, along with Robinhood’s launch of tokenized stocks, there’s been more signs this year that real implementation is coming, with institutional giants Morgan Stanley and BlackRock signaling interest. 

“I actually think cryptocurrency and traditional finance have been living in two separate worlds for a while, but they’re going to fully merge,” Tenev said at the event.

He cited stablecoins — digital currencies designed not to fluctuate wildly, and pegged to a commodity or a fiat currency like the U.S. dollar — as an early example of a tokenized real-world asset.

“I think that crypto technology has so many advantages over the traditional way we’re doing things that in the future there’s going to be no distinction,” Tenev said.

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Why current AI models won’t make scientific breakthroughs, according to a top tech exec

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Why current AI models won't make scientific breakthroughs, according to a top tech exec

Co-founder and Chief Science Officer at Hugging Face, Thomas Wolf, speaks at the opening ceremony of the Web Summit, in Lisbon, Portugal, November 11, 2024. 

Pedro Nunes | Reuters

Current artificial intelligence models from labs like OpenAI are unlikely to lead to major scientific breakthroughs, a tech co-founder said, pouring cold water on some of the hype around the technology and claims by major figures in the field.

The comments by Thomas Wolf, co-founder of $4.5 billion AI startup Hugging Face, are in stake contrast to those by major names in AI including OpenAI boss Sam Altman and Anthropic CEO Dario Amodei.

When Wolf talks about scientific breakthroughs, he means novel ideas like those at a Nobel Prize level. Examples including Nicolaus Copernicus who theorized the sun was at the center of the universe and other planets move round it.

Wolf explained a couple of issues with chatbots right now. The first is that these products like ChatGPT and others often agree or align with the person prompting it. Think back to if you’ve asked a chatbot a prompt and it will tell you how interesting or great that question is.

The second is that the models underpinning these chatbots are designed to “predict the most likely next token” or “word” in a sentence.

However, he noted two key traits of scientists. The first is that scientists who make major breakthroughs are often contrarian and question what others are saying.

“The scientist is not trying to predict the most likely next word. He’s trying to predict this very novel thing that’s actually surprisingly unlikely, but actually is true,” Wolf said.

The Hugging Face co-founder has been thinking about this topic for the last few months. His interest was sparked after he read an essay penned by Anthropic’s Amodei, who posited that “AI-enabled biology and medicine will allow us to compress the progress that human biologists would have achieved over the next 50-100 years into 5-10 years.”

That got Wolf thinking about the state of AI and how this won’t be possible, in his view, with the current crop of models.

Wolf said that these chatbots and tools will likely be used as a sort of “co-pilot for a scientist” where they are used for research to help the human generate new ideas.

To some extent, this has been happening already. Google DeepMind’s AlphaFold product has helped to analyze protein structures which the company has promised could aid scientists in discovering new drugs.

But there are some new startups that are hoping to take AI one step further into being able to make scientific breakthroughs, including Lila Sciences and FutureHouse.

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Taiwan rejects U.S. proposal for ’50-50′ chip production, says trade talks focused on tariffs

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Taiwan rejects U.S. proposal for '50-50' chip production, says trade talks focused on tariffs

Taiwan Semiconductor Manufacturing Company, Limited at Hsinchu Science Park.

Annabelle Chih | Getty Images News | Getty Images

Taiwan will not accept Washington’s proposal to locally manufacture half the chips it currently supplies to the U.S., the island’s top trade negotiator said.

Speaking to reporters, Cheng Li-chiun, also the country’s vice premier, said on Wednesday that the proposal for a “50-50” split in semiconductor production was not even discussed, as she returned from trade talks in the U.S., according to Taiwan’s Central News Agency.

Cheng said the talks were focused on lowering tariff rates, securing exemptions from tariff stacking — additional duties — and reducing levies on Taiwanese exports. Taiwan currently faces a “reciprocal” tariff rate of 20%.

Washington has held discussions with Taipei about the “50-50” split in semiconductor production, which would cut American reliance on Taiwan, Commerce Secretary Howard Lutnick said last weekend in an interview to NewsNation, adding that currently 95% of the U.S. demand was met via chips produced within Taiwan.  

“My objective, and this administration’s objective, is to get chip manufacturing significantly onshored — we need to make our own chips,” Lutnick said. “The idea that I pitched [Taiwan] was, let’s get to 50-50. We’re producing half, and you’re producing half.” 

U.S. President Donald Trump had also taken aim at the island’s dominance in chips earlier this year, accusing it of “stealing” the U.S.’ chip business.

The Office of the U.S. Trade Representative and Taiwan’s Ministry of Economic Affairs did not immediately respond to CNBC’s request for comments.

Lutnick’s proposal has been condemned by Taiwan’s politicians, with Eric Chu, chairman of the island’s principal opposition party Kuomintang, calling it “an act of exploitation and plunder,” according to the Central News Agency report.

“No one can sell out Taiwan or TSMC, and no one can undermine Taiwan’s silicon shield,” Chu said, referring to Taiwan Semiconductor Manufacturing Company, the world’s leader in advanced chip manufacturing.

Taiwan’s critical position in global chips production is believed to have assured the island nation’s defense against direct military action from China, often referred to as the “Silicon Shield” theory.

In his NewsNation interview, Lutnick downplayed the “Silicon Shield,” arguing that Taiwan would be safer with more balanced chip production between Washington and Taipei. Beijing views the democratically governed island of Taiwan as its own territory and has vowed to reclaim it by force if necessary, while Taipei rejects those claims

Taiwan People’s Party Chairman Huang Kuo-chang reportedly called Lutnick’s proposal an attempt to “hollow out the foundations of Taiwan’s technology sector.”

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