It was kind of the same for Photoshop. Once it (and similar tools) became accessible to everyone, everyone was a “graphic designer.”
I don’t know if it’s a great analog, but I expect a similar revolution in a lot of fields, with the experts who are able to wield it effectively being the ones making the big bucks.
For example, whereas the extended reality (XR) domain had previously developed primarily around business applications for the metaverse and other virtual spaces, 2023 saw the rise of many new services fusing virtual spaces with the real world. A case in point is the way the architecture sector, which previously had limited integration of XR in its business, began increasingly adopting these technologies because they enable the conversion of real-world architectural structures into data, a process also facilitated by the widespread use of commercial drones. In the realm of digital entertainment, where the focus has been on pioneering the development of new content, the experiential value of digital content itself increased dramatically as devices came to market that were capable of delivering even more immersive, realistic experiences using virtual reality (VR) and augmented reality (AR). The next step will be applying these technologies to new forms of content that fuse the real and virtual worlds.
In terms of new business domains, we previously identified three focus investment fields, namely blockchain entertainment/Web 3.0, AI, and the cloud. Last year we redefined our overarching mission and goals for these three fields. We are currently working to modify our organizational structure and optimize our resource allocations to support these efforts.
Half of this letter is focusing on technology that has either already failed, or is going to, not to mention the aggressive leaning towards AI and anti-art, there’s nothing I wish more for Square Enix than a solid earnings loss, if not an outright bankruptcy scare.
(Of course it won’t happen because companies are too big to fail, see the Metaverse fiasco, but one can dream)
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