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this post was submitted on 13 Feb 2024
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The terms have changed a bit over time, but generally "AAA" now means (in the industry) a large studio makes a game with a large marketing budget. If you think of those games that are published by EA, but made by one of their smaller studios and has a smaller marketing budget, that's "AA".
Much like "alpha" and "beta", the meanings are changing so quickly it's hard to keep up with what the industry means and what players mean.
I'm so old when I started in games "alpha" meant a feature complete game with a few crash bugs, and beta meant no (25% repro, or whatever the studio chose) crash bugs and all assets added and working.
Now it's basically "alpha" means a demo, and "beta" means they're buying time for GM release.
Regarding the alpha/beta point, increase in internet availability and rolling updates probably made all the work in that shift. In the old days if you published a raw product it would take a hell of an effort to amend it. Now it's just a matter of a user not plugging the internet off for some time ¯\_(ツ)_/¯
This started happening when studios got bigger and marketing controlled release dates. By the 2010s or so, the actual devs had zero say. So some idiot owner would promise a game in 18 months, half the ideas would be removed due to time, and a rushed product went out.
"Games as a service" was just corporate speak for how to streamline putting out a game with less components and then adding them over time.
Unfortunately it worked, and players bought in.