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Xbox CEO Joins Federal Reserve’s Productivity And Jobs Task Force Amid Tumultuous Time

Xbox CEO Joins Federal Reserve’s Productivity And Jobs Task Force Amid Tumultuous Time https://ift.tt/SzyVoWR The United States central bank, the Federal Reserve, has announced new task forces to "advance the conduct of monetary policy," and its board has chosen Xbox CEO Asha Sharma to help guide one task force pertaining to AI, as part of a wider effort to help create jobs and keep prices stable. The new Productivity and Jobs task force will look into the "economic impact of new general-purpose technologies," including AI, to help the Fed make better policy decisions. Sharma is joined on this task force by billionaire businessman and venture capitalist Marc Andreessen, along with Stanford University economics professor Charles I. Jones--he is currently on leave from the university to become a scholar-in-residence at the AI company Anthropic. Fed chairman Kevin Warsh said the new task forces are part of the group's "commitment to price stability a...
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Starfield Could Have Been A PlayStation Exclusive Prompting Microsoft's ZeniMax Acquisition

Starfield Could Have Been A PlayStation Exclusive, Prompting Microsoft's ZeniMax Acquisition https://ift.tt/5QKT6Ib

Xbox boss Phil Spencer revealed that Xbox's highly anticipated RPG Starfield could have been PlayStation exclusive and Microsoft had purchased Zenimax to prevent that from happening.

While speaking with the FTC about the Activision Blizzard acquisition (via The Verge) today, we know that Spencer revealed that Sony pays competitors on a routine basis to skip Xbox. So to prevent this from happening, Microsoft felt it needed to purchase Bethesda to prevent it from being a PlayStation exclusive. Spencer had this to say about purchasing Zenimax:

"When we acquired ZeniMax, one of the impetus for that is that Sony had done a deal for Deathloop and Ghostwire... to pay Bethesda to not ship those games on Xbox," Spencer said. "So the discussion about Starfield when we heard that Starfield was potentially also going to end up skipping Xbox, we can't be in a position as a third-place console where we fall further behind on our content ownership, so we've had to secure content to remain viable in the business."

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