Wells Fargo notes that Google (GOOGL) has announced Project Genie, a prototype that allows subscribers to create virtual worlds. The release led to Unity (U), AppLovin (APP), Take-Two (TTWO) and Roblox (RBLX) stock pressure. Wells notes that Unity has a relationship with Google’s DeepMind and better AI tools will lead to faster game development. Based on prior releases, it appears the Unity Engine was used as a training platform for the Genie model, the firm adds. With regard to Roblox and Take-Two, Wells continues to believe AI will lead to a higher velocity of game development, and sees it as a positive for the category.
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