Sony (SONY) and Honda Explore $22B Opportunities After EV Cancellation

AI Summary

Sony Group Corp (SONY) and Honda Motor are pursuing new opportunities following the cancellation of the Afeela 1 electric vehicle, part of their 50-50 joint venture. This move comes as they look to pair Honda's engineering with Sony's software capabilities. Morgan Stanley has estimated that integrating AI in gaming could unlock $22 billion in annual profits for game makers, benefiting Sony. The companies have opened discussions on non-EV products and services, seeking alternative applications for Afeela 1 technologies such as AI assistants.