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Game Gears: How AI is Reshaping Game Development

Game Gears, a subsidiary of GDEV Gaming Holding, has fully embraced AI as a core driver of innovation. Their latest release is a testament to how artificial intelligence revolutionizes game development, slashing production times while enhancing creativity and efficiency.

CEO and AI evangelist Alexander Vaschenko recently shared insights on how AI-powered tools have fundamentally reshaped their workflow—accelerating processes, optimizing game mechanics, and streamlining content creation.

How AI Is Driving Game Development At Game Gears

Game Gears has integrated AI across multiple production areas, leveraging tools for:

  • Content Creation: AI-generated 2D and 3D assets
  • Programming: Automating code generation and module development
  • Game Design: AI-assisted balancing, character abilities, and economy modeling
    Marketing: AI-driven ad creatives and campaign optimization
  • Administrative Processes: Automating accounting and document management

One of the most notable shifts? The complete removal of dedicated scriptwriters—game designers now craft all in-game text with AI assistance.

The AI Toolkit: Key Technologies In Action

Game Gears employs an extensive range of AI tools, including:

  • GPT, Cline, Claude for writing and dialogue generation
  • Midjourney, Flux, Krea, Kling for visual content
  • Runway, Hailuo, Tripo AI, Rodin for video and 3D modeling

These tools, alongside additional AI-powered services for animation and image processing, allow the team to iterate and refine at unprecedented speeds.

The AI Edge: Faster, Smarter, More Efficient

While full automation remains out of reach, the impact of AI on efficiency is undeniable. Game Gears reports a 4x acceleration in game development speed, with specific areas seeing even greater improvements:

  • Game Design: Processes like documentation, balancing, and testing are now 2.5x faster.
  • Graphics Production: AI has accelerated 2D and 3D content creation by 10x to 30x.
  • Marketing & Analytics: AI-driven real-time optimization has led to exponential efficiency gains.

Striking The Right Balance: AI + Human Expertise

Despite AI’s capabilities, human oversight remains critical. While AI-generated assets handle 80% of the workload, the final 20% still requires human refinement. This principle extends across animation, game balance, and narrative design—areas where AI assists but doesn’t replace human creativity.

Game Gears doesn’t just use AI—they live and breathe it. Hiring decisions prioritize adaptability and enthusiasm for generative AI, ensuring the team stays ahead of technological shifts. 

The Future: AI Is Reshaping The Entertainment Industry

Vaschenko is convinced that both gaming and film will soon be inseparable from AI. The entertainment industry is heading toward an era where anyone can produce high-quality content with minimal resources, disrupting traditional models.

AI is no longer just a tool—it’s the new frontier of creativity. And for Game Gears, the future isn’t coming. It’s already here.

Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

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