Embracer Group has entered (as of March 28) into an agreement to divest Gearbox Entertainment, for a consideration of USD 460 million (SEK 4.9 billion) to Take-Two Interactive Software, Inc. ("Take-Two"). The proceeds from the deal will, upon closing, significantly reduce net debt, earnout obligations and capex. Embracer retains selected companies, including Gearbox Publishing San Francisco (to be renamed), with the publishing rights to the Remnant franchise, the upcoming Hyper Light Breaker and other notable unannounced game releases.

"Yesterday's announcement marks the result of the final structured divestment process and is an important step in transforming Embracer into the future with notably lower net debt and improved free cash flow. Through the transaction, we lower business risk and improve profitability as we transition to becoming a leaner and more focused company. After evaluating several options for Gearbox, I am happy that we have reached a solution that is in the best interest of all stakeholders. Randy and the team have been great team members throughout the past years, and I would like to thank them all for that. As one of the world's greatest games developers, I am confident that Gearbox will continue to innovate and thrive in their new home within Take-Two," says Lars Wingefors, co-founder and CEO of Embracer.

As GDC, the world's largest game developer conference, returns to San Francisco, Microsoft and Xbox will be there to engage and empower developers, publishers, and technology partners across the industry. We are committed to supporting game developers on any platform, anywhere in the world, at every stage of development. Our message is simple: Microsoft and Xbox are here to help power your games and empower your teams. From March 18 - 22, the Xbox Lobby Lounge in the Moscone Center South can't be missed—an easy meeting point, and a first step toward learning more about the ID@Xbox publishing program, the Developer Acceleration Program (DAP) for underrepresented creators, Azure cloud gaming services, and anything else developers might need.

GDC features dozens of speakers from across Xbox, Activision, Blizzard, King and ZeniMax who will demonstrate groundbreaking in-game innovations and share community-building strategies. Microsoft technology teams, with support from partners, will also host talks that spotlight new tools, software and services that help increase developer velocity, grow player engagement and help creators grow. See below for the Conference programming details.

"This year, every industry will become a technology industry," NVIDIA founder and CEO Jensen Huang told attendees last Wednesday during the annual J.P. Morgan Healthcare Conference. "You can now recognize and learn the language of almost anything with structure, and you can translate it to anything with structure—so text-protein, protein-text," Huang said in a fireside chat with Martin Chavez, partner and vice chairman of global investment firm Sixth Street Partners and board chair of Recursion, a biopharmaceutical company. "This is the generative AI revolution."

The conversation, which took place at the historic San Francisco Mint, followed a presentation at the J.P. Morgan conference Monday by Kimberly Powell, NVIDIA's VP of healthcare. In her talk, Powell announced that Recursion is the first hosting partner to offer a foundation model through the NVIDIA BioNeMo cloud service, which is advancing into beta this month. She also said that Amgen, one of the first companies to employ BioNeMo, plans to advance drug discovery with generative AI and NVIDIA DGX SuperPOD—and that BioNeMo is used by a growing number of techbio companies, pharmas, AI software vendors and systems integrators. Among them are Deloitte, Innophore, Insilico Medicine, OneAngstrom, Recursion and Terray Therapeutics.

The Crew Motorfest Season 2 kicked off on December 6, marking the start of the game's partnership with Hoonigan, a brand focused on building custom cars capable of performing difficult and precise driving - and looking cool while doing it. Hoonigan is known for their series of Gymkhana films, which feature rally driver and Hoonigan co-founder Ken Block performing incredible stunts in major cities like San Francisco, Los Angeles, Mexico City, and more. They also created a YouTube series called This vs. That, which pits two customized cars against one another in a best-of-three drag race, and will frequently post new videos highlighting new and upcoming car builds. According to Hoonigan co-founder Brian Scotto, the company's mission statement (other than not to have a mission statement) is to be nimble and have fun, all in service of entertaining their audience (and themselves).

For Season 2, Hoonigan has completely taken over The Crew Motorfest, bringing a new Playlist, Gymkhaha Grid Masters, as well as curated weekly events on the Main Stage, monthly challenges, a car playground just offshore of the main island, and, of course, bespoke Hoonigan cars that can be earned by completing challenges or purchased from the in-game store. Some of the vehicles include Scotto's 1993 Porsche 911 Turbo TWB, Scotto's 1990 Audi Coupé Quattro, the 1965 Ford Hoonicorn Mustang, the 1988 Chevrolet Big Block ZZ632 Camaro, and the Audi S1 E-Tron Quattro Hoonitron 2021, among many others.