While Sega and other rivals have fallen by the wayside, Microsoft has entered the fray with its Xbox, and Nintendo is still on the scene with its Switch console.But the industry is enduring tough times.A surge in popularity and investment during the pandemic has subsided and Sony’s PlayStation division recently laid off hundreds of workers.Plenty of analysts are also predicting that cloud gaming will soon render consoles obsolete.Sony appears undaunted though, recently launching an upgraded version of its PS5 with a marketing push that highlighted new AI features.Bloomberg has reported…