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AI Bubble Fears Tank Tech Stocks

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Some of the biggest names in tech, including Google, Amazon, and Apple, saw their stocks battered this week amid fears that the artificial intelligence (AI) revolution has turned into a dangerous bubble. Read more in the PYMNTS weekly roundup of AI news.

AI Hype Spooked Investors on Wall Street

Tech stocks took a beating this week as fears that an AI bubble was forming. Amazon, Apple, Alphabet, Nvidia, AMD and other tech names saw declines.

Pundits pointed to two culprits: Comments by OpenAI CEO Sam Altman that AI could be in a bubble, and a report from MIT saying that 95% of companies it studied are getting “zero return” from generative AI.

“Are investors over excited? My opinion is yes,” Altman said in an interview reported by The Verge. “I do think some investors are likely to lose a lot of money, and I don’t want to minimize that, that sucks. There will be periods of irrational exuberance. But on the whole the value for society will be huge.”

Read more: AI Bubble Worries ‘Spooking’ Tech Investors

Google Replaces Google Assistant With Gemini

Google is phasing out Google Assistant and replacing it with “Gemini for Home,” its most advanced artificial intelligence model. The rollout will start in October.

Gemini can handle nuanced requests and better understand context. Examples include playing songs by description, performing multiple commands at once or understanding exceptions to a rule, Google said. Gemini will also assist with routines, shopping lists, timers and open-ended queries.

A new feature, Gemini Live, enables real-time chats without users constantly having to say “hey, Google.”

There will be free and paid versions of Gemini at Home. The chatbot is coming to existing speakers and displays over time.

More details: Google Rolls Out AI Voice Assistant for Homes

SoftBank Sees a Good Deal in Intel

Storied chipmaker Intel, now struggling to find its way in the AI era, is getting $2 billion from SoftBank.

SoftBank is buying Intel common stock for $23 per share, a slight discount to its closing price in the prior trading day. Chairman and CEO Masayoshi Son famously invested $20 million in Alibaba in 2000, which turned into billions of dollars in value.

Intel’s new CEO, Lip-Bu Tan, said he recognized the company’s many problems during a keynote address at Intel’s conference in April.

“We fell behind on innovation. We have been too slow to adapt to meet your needs. You deserve better, and we need to improve, and we will,” Tan said. “Please be brutally honest with us.”

See: Softbank Builds on AI Investments With $2 Billion Intel Partnership

Smart Prompting for GPT-5 Users

OpenAI calls GPT-5 its most advanced system for agentic AI, designed to carry out tasks with more autonomy. While it may be powerful out of the box, results depend heavily on how one prompts it.

Intelligence alone is not enough: effective use requires precise instructions. Prompts work best when they set a role, state a clear task, add context, define the format and break big jobs into steps.

Examples help, and iteration refines results. With careful prompting, GPT-5 can deliver quick summaries, detailed reasoning or context-aware responses.

Read more: 10 Ways to Get Better Results From GPT-5



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Cyberattack on Evertec’s Sinqia Hits HSBC, Others in Brazil

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Hackers on Friday broke into Sinqia, a financial technology provider owned by Evertec, attempting to steal around 420 million reais ($77.4 million) from several Brazilian financial institutions including HSBC Holdings Plc’s local operations, O Globo reported.

Cyber criminals invaded Sinqia’s systems used by Brazilian financial institutions and attempted to make several transfers through a fast-growing electronic payments system known as Pix. Sinqia confirmed the attack but said there was no evidence of suspicious activity in any system besides Pix.



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Metal Gear Solid back with remake years after Kojima left Konami

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Tom GerkenTechnology reporter

Konami A video game character rendered in modern, high-quality graphics. She has long dirty blonde hair and blue eyes. She is wearing a jacket and has goggles hanging around her neck.Konami

EVA, one of the main characters in the remade game (image brightened from source)

Metal Gear is one of the best-selling video game series in history, shifting more than 60 million copies.

The series pioneered cinematics in gaming by blending cutting-edge cutscenes, voice acting and dynamic camera angles to create something that would have looked more at home on the big screen at the time.

Metal Gear tackled themes not commonly seen in games, such as nuclear disarmament and child soldiers, and posed philosophical questions while also leveraging offbeat humour.

The games would often break the fourth wall and ask players to find solutions to puzzles in unusual ways – such as looking on the back cover of the game’s physical box.

The series’ significant place in gaming history meant fans were stunned when its creator Hideo Kojima quit game publisher Konami in an acrimonious split in 2015.

One of gaming’s biggest titles was left directionless – and there’s been no game in the best-selling series since.

But now, a decade later, Konami has released a remake of the third game in the series: Metal Gear Solid Delta.

So what happened between Konami and Kojima, and how does the new game hold up without its original creator?

Why did Kojima leave Konami?

“The impact Metal Gear has had on game-making makes it one of the most heralded entertainment franchises in the world, and made Hideo Kojima one of the industry’s most famous creators,” industry expert Christopher Dring told the BBC.

With such success, you might think it was a match made in heaven, but there were issues bubbling under the surface.

While nothing has been said publicly, one generally accepted theory behind the split relates to the spiralling cost of 2015’s Metal Gear Solid V, estimated by some at more than $80m (£59m) – a very significant development cost at the time.

It is not known exactly what happened between Konami and Kojima, but the studio was clearly fed up with the amount of money he was spending to make a single game – with Kojima’s internal studio actually removed from promotional materials for Metal Gear Solid V at the time.

Konami got the game out the door, but it seemed to be scaled back from its original vision despite the high cost, with repeated levels and a third chapter that never emerged.

Even so, the game still received excellent reviews and won several awards, but the rift between company and creator seemed unfixable.

And in an act that proved highly controversial – and perhaps shows how heated things had become behind the scenes – when Metal Gear Solid V won an award, Konami informed the developer he was not allowed to collect it.

Getty Images Hideo Kojima. He has black hair in a short cut and wears large black glasses. He is smiling while he talks at a conference. He is wearing a trim black jacket and black t-shirt.Getty Images

Hideo Kojima has become one of the most famous names in gaming over the past three decades

A few months later, Kojima was gone, and in the years that followed, his former studio pivoted.

“Konami shifted its strategy for a while, away from console games, and focused its efforts on the amusements markets, things like pachinko machines,” Mr Dring said.

“They also focused increasingly on mobile.”

It meant Konami’s other classic franchises like Castlevania and Silent Hill also went without new games for a decade.

Meanwhile, Kojima’s new studio signed a blockbuster deal with Sony to develop the monster hit Death Stranding for PlayStation, followed by a sequel this year.

Why a remake now?

Gaming has pivoted towards remakes in recent years.

High-profile games like Resident Evil 4, Final Fantasy VII and Demon’s Souls, all classics in their day, have been remade with the benefits of modern graphics and game design to big fanfare – and strong sales figures.

“It’s a hugely lucrative and growing sector,” said Mr Dring.

“The industry is getting older, gamers are entering middle age and are nostalgic for classic titles.

Mr Drings points out that one of the best-selling games of the year so far is Elder Scrolls V: Oblivion Remastered, a remake of a classic Role-Playing Game (RPG) from 2007, selling millions of copies since its release in April.

Konami has begun a return to publishing games by focusing in this area, with a Silent Hill remake coming last year and a new Survival Kids game released earlier in 2025.

So it is a potentially lucrative move – but is Metal Gear Solid 3: Snake Eater the right game to remake?

Konami A jungle scene from a video game. It is instantly recognisable as an older video game, with blocky rocks and pixel-y trees.Konami

A jungle scene from Metal Gear Solid 3’s original release in 2004. Believe it or not, these were considered ground-breaking graphics at the time

Fans of the series told the BBC Metal Gear Solid 3 was chosen for good reason.

YouTuber Zak Ras said there was “immense significance” behind the game.

“Most people will say their favourite entry to the series is either Metal Gear Solid 1 or 3,” he said.

“Story-wise, given that it’s the first prequel set at the very beginning of the series timeline, it’s one of the few entries you can go into completely blind with absolutely no required knowledge of the series, other than very first Metal Gear from 1987.”

Ras said Metal Gear Solid 3 struck a good balance between gameplay and cinematic storytelling, making it a good choice for people who have never played a game in the series before.

For example, the game opens with an introduction heavily influenced by James Bond films, meaning new fans are eased into the series’ weirder elements.

And the brothers behind PythonSelkan Studios – known as Python & Selkan to their 122,000 YouTube subscribers – agreed.

“Completing the game was an incredible experience in itself,” they said. “Snake Eater’s gut-wrenching ending is what stood out most, leaving an impact on us that no other game had ever left before.”

“This game holds a special place in our hearts,” they added.

Metal Gear without Kojima

The brothers said, as lifelong fans of the series, they were “incredibly excited” by the announcement.

The pair are currently playing the remake, and have been “very impressed” by its improved graphics and audio.

They described the game as a “truly a faithful recreation”, adding that it improved “the essence of the original without changing its fundamental structure”.

Konami A jungle scene rendered in a video game. In the foreground, photo-realistic plants grow in front of a large tree. Several trees in the background are broken up by a beam of light.Konami

The game’s lush jungle setting has benefitted from two decades of improvements in graphical fidelity

So far so good for Metal Gear Solid without Hideo Kojima – which Ras put down to the game being true to the original.

One example he highlights is that the voice performances have been kept the same, and players can choose whether to use the original control scheme or a more modern take.

“There’s no doubt it is Kojima’s directorial ‘genes’ that are being dominantly expressed here,” he said.

“Kojima expressed a desire to move on from Metal Gear since as early as MGS2 and leave the series in the hands of others to continue.

“It may have taken him another 14 years and five director credits for that to happen, but it is now reality.”

And however the remake fares with fans, one household won’t be picking up a new copy – Kojima himself has laughed off the suggestion that he would play the new game.

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Bitcoin Proxy’s Chief Seeks Funding Fix as ‘Flywheel’ Falters

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Simon Gerovich, who turned a struggling Japanese hotelier into a Bitcoin stockpiler and investor darling, is feeling the heat.



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