CCP Games rebrands as Fenris Creations following sale from Pearl Abyss

CCP Games, the developer of Eve Online, is now working independently as Fenris Creations after its $120 million sale from Pearl Abyss earlier this week.

The management group, studios, merchandise, and improvement plans stay unchanged. The firm confirmed the transition is not going to contain restructuring or layoffs.

The organisational construction stays the identical with headquarters in Vatnsmýrin, Iceland. Studios in Reykjavík, London, and Shanghai will proceed to function.

Fenris Creations has fashioned a analysis partnership with Google DeepMind as a part of the transition. Google has additionally acquired a minority stake within the studio.

This partnership will give attention to “advancing understanding of intelligence in complex, dynamic systems” and can discover areas together with “long-horizon planning, memory, and continual learning.”

Google DeepMind will use an offline model of Eve Online on an area server to check and consider fashions in a managed setting. Fenris Creations goals to discover new gameplay experiences by the partnership.

Earlier this 12 months, Fenris Creations builders mentioned utilizing AI in coding throughout our AI week.

“This transition gives us direct ownership, clear accountability, and the independence to invest in worlds that grow over decades,” stated Fenris Creations CEO Hilmar Veigar Pétursson.

“We’re grateful to Pearl Abyss for their partnership and for the consistent support they’ve shown us over the past seven and a half years. Eve Online exists today because of pioneering thinking, patience, and trust between developers and players. Our new structure and partners enable us to carry that legacy forward – continuously evolving a living universe and actively exploring what it can become, with forever in mind.”

Google DeepMind CEO and co-founder Demis Hassabis added: “I’ve known Hilmar for many years and long admired his work, and I’m thrilled to partner with him and the fantastic team at Fenris Creations to explore new gaming experiences and advance AI research safely inside a player-driven universe as amazingly complex as Eve Online.”

Crimson Desert developer Pearl Abyss offered CCP Games again to its CEO for $100 million plus $20 million in cryptocurrency.

Pearl Abyss acquired CCP Games in 2018 for $225 million in money plus $200 million in performance-related payouts.

A spokesperson for the South Korean developer stated the promoting value was “determined objectively and comprehensively considering CCP Games’ current business structure and market conditions.”

“While the acquisition was a sound strategic decision at the time to secure global IP and diversify our portfolio, the global gaming business environment and our company’s strategic priorities have shifted significantly since then.”