Roblox ended the first quarter with 66.1 million daily active users. The company saw bookings up 23% year-over-year and average daily active users up 22% year-over-year. Why It’s Important: Roblox reported first-quarter revenue that beat estimates from analysts. Related Link: Roblox Shares Jump, What 3 Analysts Are Highlighting In Q1 Earnings Report “We are building a platform that will enable every user to be a creator - not just those comfortable with Roblox Studio and other 3D content creation tools.”Īt the Game Developers Conference, the company unveiled a new tool called Roblox Code Assist that it said will help democratize game creation. Roblox said that generative AI tools could help “accelerate creator productivity” and “bring ideas to life.” “With the advent of generative AI techniques, we are seeing an opportunity to revolutionize creation on the platform, both by augmenting Roblox Studio to make creation dramatically faster and easier, and also by enabling every user on Roblox to be a curator,” the company said in February. The event happens months after Roblox highlighted its vision for the future of creation revolving around generative artificial intelligence. On Wednesday, Morgan Stanley is hosting Roblox CFO Michael Guthrie and CTO Dan Sturman to discuss artificial intelligence. ![]() ![]() The news came after the company highlighted its artificial intelligence ambitions earlier this year. What Happened: Shares of Roblox Corp RBLX jumped on Tuesday after news circulated of the company participating in a chat about one of the market’s hottest topics coming on Wednesday. Here’s a look at what the discussion could center on. A leading gaming company is set for a talk about artificial intelligence in gaming with a leading financial services company Wednesday.
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