Niantic is spinning off its geospatial AI business into a new company called Niantic Spatial, following a deal to sell its games business to Scopely for $3.5 billion.

Parting ways from Pokémon Go, Monster Hunter Now and Pikmin Bloom – in addition to their associated teams – the new company aims to build AI-powered tech that helps people better understand, navigate and engage with the physical world. … [MORE]

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