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Gfinity revenue up 27% year-over-year, losses down 50%
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Danielle Partis
News Editor
Monday 15th November 2021
Gaming and esports company Gfinity has released its financial results for the fiscal year ending June 30, 2021, and has significantly lowered its losses following a turbulent period.
For the year, the company saw a 27% increase in revenue to £5.7 million, up from £4.5 million in 2020. The uptick was driven by a 768% increase in revenue generated by Gfinity owned and co-owned properties.
The UK-based firm saw a 50% reduction in operating loss to
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12.02 / 08:09
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Indian astronomers find 60 planets in space like Earth
In recent decades, thousands of exoplanets have been discovered indicating that our Milky Way Galaxy has many more planets than thought. Though, the important question that always pops up is if there are other planets that could support life. In other words, are there any planets out there just like Earth? Now we have the answers! Using an Artificial Intelligence-based algorithm, a team of Indian astronomers discovered a few planets with similar characteristics to Earth out there in space. That means we have found living and breathing planets that may be very much like Earth! The team of astronomers from the Indian Institute of Astrophysics along with astronomers from BITS Pilani, Goa campus have devised this new approach - an anomaly detection method to find more Earth-like planets.
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