Meta has no choice but to sell Giphy at $262M loss to Shutterstock
With UK forcing a sale and GIFs losing popularity, Meta was bound to take a hit.
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Read more: Meta has no choice but to sell Giphy at $262M loss to Shutterstock -
Meta has no choice but to sell Giphy at $262M loss to Shutterstock
Read more: Meta has no choice but to sell Giphy at $262M loss to ShutterstockWith UK forcing a sale and GIFs losing popularity, Meta was bound to take a hit.
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Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400M
Read more: Following UK antitrust order, Meta sells Giphy to Shutterstock for $53M after buying it for $400MMeta has finally found a willing buyer for Giphy, the animated GIF search engine it acquired for $400 million three years ago. Shutterstock announced today that it has entered into an agreement with Meta to buy Giphy in a transaction that “consists of $53 million of net cash paid at closing,” which includes working capital.…
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Text to Video Generative AI Is Finally Here and It’s Weird as Hell
Read more: Text to Video Generative AI Is Finally Here and It’s Weird as HellI like my AI like I like my foreign cheese varieties, incredibly weird and full of holes, the kind that leaves most definitions of “good” up to individual taste. So color me surprised as I explored the next frontier of public AI models, and found one o…
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Adobe Says Its New ‘Firefly’ AI Image Generator Doesn’t Steal Other People’s Art
Read more: Adobe Says Its New ‘Firefly’ AI Image Generator Doesn’t Steal Other People’s ArtOn Tuesday, Adobe introduced its own generative AI model family called Firefly, claiming—like young people tend to do in the throes of pubescence—it’s not like the other scrappy AI image generators. Instead of using training data dredged up from the in…
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The Best Free AI Art Generators, Ranked
Read more: The Best Free AI Art Generators, RankedWhat is AI art? Well, of all the many, many ways armchair philosophers have come to define art and the act of human expression, AI-generated images don’t have much in relation. There is certainly skill in knowing the correct type of prompt to get the r…
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U.S. Chamber of Commerce Says Congress Should Really Do Something About This AI Thing
Read more: U.S. Chamber of Commerce Says Congress Should Really Do Something About This AI ThingThose pushing for AI regulation have a strange new ally. The U.S. Chamber of Commerce, the largest pro-business lobbying group in the country, released a report on generative artificial intelligence Thursday, calling on lawmakers to create some sort of…
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These AI-Generated Images of Climate Change Make Me Uncomfortable
Read more: These AI-Generated Images of Climate Change Make Me UncomfortableIt’s getting harder to avoid AI-generated images and text—and harder to spot them in the first place—and that’s true even on Shutterstock, one of the world’s leading providers of stock photography. Last month, Shutterstock rolled out a tool for paying …
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Spotify’s New ‘AI DJ’ Mimics the Worst Parts of Listening to the Radio
Read more: Spotify’s New ‘AI DJ’ Mimics the Worst Parts of Listening to the RadioSpotify has unveiled a new feature to help curate your music that is fueled by artificial intelligence. The company’s new AI DJ, aptly named “DJ,” helps guide you through your listening experience by feeding you music it thinks you’ll love along with …
