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Jeff Bezos Blue Origin announced that it will build a communications satellite network called "Terawave," consisting of 5,408 satellites, primarily serving enterprise, data center, and government users. Deployment is expected to begin at the end of 2027.
Microsoft: We have received reports and are investigating an issue affecting Microsoft 365, including Teams and Outlook.
On January 22, Ubisoft Entertainment announced the cancellation of several game projects, the closure of some studios, and a downward revision of its earnings guidance. The French game developer behind the Assassins Creed series is restructuring its business into five segments. In a statement released Wednesday, the company said that due to the restructuring, it expects a loss of €1 billion (approximately $1.2 billion) before interest and taxes (EBIT) for fiscal year 2025-2026, including a one-time impairment of approximately €650 million. Ubisoft also expects net bookings for the full year to be approximately €1.5 billion, a decrease of €330 million from its previous guidance. The company stated that six games, including a remake of Prince of Persia: The Sands of Time, have been cancelled, and seven other unnamed games have been postponed. In addition, Ubisoft announced the closure of its studios in Stockholm, Sweden, and Halifax, Canada. Ubisoft stated that by March next year, it will have cut at least €100 million in fixed costs, a year ahead of schedule; and plans to cut another €200 million in costs over the next two years. Following the restructuring, Ubisoft will establish five "Creative Houses," dividing business units by game genre to enable faster and more decentralized decision-making.
The China Earthquake Networks Center officially reported that a magnitude 6.0 earthquake occurred in the volcanic archipelago of Japan at 00:37 on January 22, with a focal depth of 10 kilometers.
White House National Economic Council Director Hassett: A major housing policy is about to be introduced.