Phil Spencer, CEO of Microsoft Gaming, appears at the Political Opening of the Gamescom conference in Cologne, Germany, on Aug. 23, 2023.
Franziska Krug | German Select | Getty Images
Microsoft is seeing “huge demand” for its new Starfield video game, Phil Spencer, the software company’s CEO of gaming, said on Wednesday.
“We think this game is going to be available to literally hundreds of millions of people on the devices that they already own, and looking to make this game as accessible as it can be to players,” Spencer told CNBC’s Steve Kovach.
The game, described as “the first new universe in 25 years” from Microsoft’s Bethesda Game Studios, appeared on Wednesday on PCs, Xbox consoles and other devices accessed through the cloud, for those who pay for the Game Pass subscription service. Microsoft picked up the game through its $8.1 billion acquisition of game publisher ZeniMax, the parent of Bethesda.
While Microsoft is aiming to make its games widely available, the company also wants to ensure that its consoles have some notable attractions as it competes with Sony’s PlayStation and Nintendo’s Switch. Gaming accounts for 6% of Microsoft’s revenue, and Xbox content and services revenue grew 5% in the second quarter, faster than Windows, devices and some other parts of the company.
Gaming has taken center stage at Microsoft as the company tries to finalize the $68.7 billion acquisition of publisher Activision Blizzard, which makes Call of Duty and other franchises. The deal hit regulatory snags, but is still poised to close.
Starfield is an expansive open-world game with over 1,000 planets for players to explore as they build and buy spaceships. Before the acquisition, ZeniMax was planning to release the game on PlayStation, Jim Ryan, CEO of the Sony Interactive Entertainment business, said in a taped appearance at a hearing in San Francisco in June in connection the Microsoft-Activision deal.
Ryan said he wasn’t a fan of Starfield becoming a Microsoft exclusive, which would signify that it wouldn’t come to other consoles.
“We’ve had more players for any next-gen exclusive than we’ve had this generation all up,” Spencer said. He was referring to the current consoles, the $500 Xbox Series X and $300 Xbox Series S, which both went on sale in 2020. Those who bought premium editions of the game got early access last week.
Spencer said Starfield is the most wish-listed game the company has had on the Steam game store. On the review website Metacritic, Starfield currently has a score of 86 out of 100, based on 55 reviews from critics.
Spencer said tens of millions of Game Pass subscribers were getting a chance to play Starfield on Wednesday. As of January 2022, Microsoft said Game Pass had over 25 million subscribers.
Spencer stopped short of proclaiming that Starfield would debut on the PlayStation, but he is promising that some of Activision’s most popular titles will remain available on the PlayStation for years to come.
In July, Sony signed an agreement that would keep Call of Duty games on PlayStation for a decade. Microsoft has been working to resolve regulators’ concerns about the pending Activision acquisition by assuring it will keep games on Nintendo consoles, Nvidia’s GeForce Now cloud gaming offering and other services.
Microsoft announced plans for the Activision Blizzard transaction in January 2022. It was supposed to close by June 2023, but the companies said in July they had agreed to push back a deadline to complete the deal to Oct. 18.
In August, Microsoft submitted a new proposal to the U.K.’s Competition and Markets Authority that would involve transferring to game publisher Ubisoft the cloud streaming rights to Activision’s PC and console games for 15 years if the deal closes.
Baidu will bring its driverless taxis to Europe next year via a partnership with U.S. ridehailing firm Lyft, as the Chinese tech giant looks to expand its autonomous vehicles globally.
The robotaxis will initially be deployed in the U.K. and Germany from 2026 with the aim to have “thousands” of vehicles across Europe in the “following years,” the two companies said.
Lyft has had very little presence in Europe until last week when it closed the acquisition of Germany-based ride hailing company FreeNow, which is available in over 150 cities across nine countries, including Ireland, the U.K., Germany and France.
Deployment of the autonomous cars is “pending regulatory approval,” Lyft and Baidu said in a Monday statement. It’s unclear if Lyft will offer Baidu’s robotaxis via the FreeNow app or another product.
The partnership marks a continued push from Baidu to expand its robotaxis to international markets.
Last month, Baidu partnered with Uber to deploy its autonomous cars on the ride-hailing giant’s platform outside the U.S. and mainland China, with a focus on the Middle East and Asia, which will launch later this year. The partnership also covers Europe, though a launch date for the region has not yet been disclosed.
In China, Baidu has been operating its own robotaxi service since 2021 in major cities like Beijing, allowing users to hail an Apollo Go car through the app. Meanwhile, for Lyft, the deal could boost the firm’s presence in the region as it looks to take on rivals like Uber and Bolt.
Autonomous vehicles have become a big focus for ride-hailing companies which have looked to partner with companies that are developing the technology for driverless cars.
Tesla CEO Elon Musk was awarded an interim pay package of 96 million shares of the company over the weekend. The shares would be worth about $29 billion.
The company said in a filing Sunday that the pay package would vest in two years as long as Musk continued as CEO or in another key executive position.
The new award would be forfeited if the legal battle over his 2018 compensation ends with Musk being able to exercise the larger pay package, which was valued at $56 billion.
In January, Chancellor Kathaleen McCormick upheld a prior ruling in the case, Tornetta v. Musk, that the compensation plan was improperly granted. Tesla shareholders approved the pay package in June 2024.
The case is now before the Delaware Supreme Court.
Musk’s 2018 pay package included a set of performance targets for the company, which were all achieved.
The judge called it “the largest potential compensation opportunity ever observed in public markets” in her January decision and said it was 33 times higher than the nearest comparison, which was Musk’s prior compensation package.
Harvey co-founders Winston Weinberg and Gabe Pereyra
Courtesy of Harvey
Artificial intelligence startup Harvey on Monday announced it has reached $100 million in annual recurring revenue, or ARR, just three years after its launch.
Harvey runs an AI-powered legal platform for lawyers at law firms and large corporations. Its technology can help with legal research, drafting and diligence projects, and the company is also building industry-specific use cases.
Winston Weinberg, co-founder and CEO of Harvey, said the startup’s ARR milestone has largely been driven by usage. Harvey has surpassed 500 customers, including CNBC’s parent company, Comcast, and its weekly average users have quadrupled over the past year, the startup said.
“Most of our accounts grow pretty massively,” Weinberg told CNBC. “You’ll sell to a Comcast or to a law firm, and they’ll buy a couple hundred seats, and then they expand that usage pretty quickly.”
Weinberg is a former lawyer, and he co-founded Harvey with his friend and roommate Gabe Pereyra, a former research scientist at Google DeepMind and Meta. The pair launched the company in 2022 after experimenting with OpenAI’s large language model GPT-3, which came out before its viral AI chatbot, ChatGPT.
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The company’s name, Harvey, is partially inspired by one of the main characters in “Suits,” a legal drama TV series, Weinberg said.
Harvey has raised more than $800 million from investors, according to PitchBook, including Kleiner Perkins, Sequoia Capital and the OpenAI Startup Fund. The company also earned a spot on the 2025 CNBC Disruptor 50 list.
“With gen AI, and how fast everything’s moving, you just have to learn how to scale really, really fast,” Weinberg said. “I’d say, like every six months I go through a new scaling experience.”
In the months ahead, Weinberg said Harvey is focused on its global expansion and continuing to build out its team. The startup recently hired Siva Gurumurthy, the former director of engineering at Twitter, as its chief technology officer, and John Haddock, who spent a decade at Stripe, as its chief business officer.
Weinberg said he has learned to appreciate the value of a strong team, especially during periods of rapid growth.
“We’re starting to get to the point where we have really good leadership in place,” Weinberg said. “That just changes your ability to scale to such a massive degree.”
Disclosure: Comcast is the parent company of NBCUniversal, which owns CNBC.