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Roblox announced a generative AI model for creators - MSN
Roblox on Friday announced it is building a generative AI model to allow creators to more easily build 3D objects and scenes.
The subscription model is likely to boost growth through a stream of recurring revenue.Roblox is also looking at brands with whom it can create marketing partnerships.
Roblox released its financial results for the full year 2021, reporting a 108% increase in revenue to $1.9 billion.
"The model is unlike any we've encountered," Stifel said of Roblox, pointing to the social and content aspects of its online gaming platform.
Roblox impressed investors with its unique business model, robust growth rates, and lack of meaningful competitors -- but will its stock continue climbing over the next five years?
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