Take-Two Interactive (TTWO) Q4 2023 Earnings Call + Q&A

By Jordan On May 24, 2023

#shacknews #business #stocks

Take-Two Interactive’s (TTWO) Q4 2023 earnings report showed a revenue beat and some less-than-expected guidance for the fiscal year 2024. The subsequent earnings call, however, expanded into even more subjects regarding the company’s business, including aI. During the earnings call, Take-Two CEO Strauss Zelnick took a stance on the AI debate, saying that he doesn’t believe it will be able to make hits.

The quote came during Take-Two Interactive’s (TTWO) Q4 2023 earnings call, where CEO Strauss Zelnick gave his two cents on the use of AI in game development and if 2K has any plans to heavily implement the technology. “I wish I could say that the advances in AI will make it easier to create hits,” he said. “Obviously, it won’t. Hits are created by genius. And data sets plus compute, plus large language models, does not equal genius. Genius is the domain of human beings and I believe it will stay that way.”