Internet

Three years after buying Giphy for $400 million, Meta has found a buyer. Today, Shutterstock signed an agreement with Meta to buy Giphy for “$53 million of net cash paid at closing,” indicating Facebook’s parent company has recovered only 13% of its money. Shutterstock expects the sale to be finalized …

Montana Governor Greg Gianforte signed a TikTok ban last week. The corporation is now suing to keep the app in Montana. TikTok claims Montana’s ban violates the Constitution by restricting its freedom to host and distribute user-generated material. TikTok also claims that Montana is overstepping its position by legislating national …

Paid blue checks and generative AI make misinformation spread easily, surprising no one. A fake Pentagon explosion image went viral on Monday morning. The image surfaced on a verified Twitter account called “Bloomberg Feed” within 30 minutes, which looked like a Bloomberg account due to its blue check. Suspending that …

Norrsken22 and Blue Earth Capital led a $77.8 million pre-Series C deal for South African digital banking platform TymeBank. TymeBank stated that its Series C round will close later this year. TymeBank’s third-largest stakeholder, Tencent, led the fintech’s $70 million Series B extension round in December 2021. Patrice Motsepe’s African …

Netflix now makes it easier for iOS and Android users to search “My List,” a section for saved movies and TV shows. On Monday, the streaming service added new filters to the My List feature, allowing users to sort titles by release date, alphabetical order, type, and when they added …

Today, WhatsApp announced message editing, a long-awaited feature. Mark Zuckerberg announced on Facebook that users can now edit messages within 15 minutes. Press and hold a message and tap “edit” to change it. Edited messages will be marked “edited” next to the time stamp. The app won’t save corrections. Edited …

Meta, formerly Facebook, has been ordered to stop exporting EU user data to the U.S. The European Data Protection Board (EDPB) fined Meta €1.2 billion (close to $1.3 billion) today, the largest GDPR fine ever. Amazon was fined $887 million in 2021 for misusing customer data for ad targeting. Meta …

The Apple News app added a sports option Thursday with iOS 16.5. The tab provides results, match schedules, and sports team articles. The business says tapping My Sports score and schedule cards will take you to that game’s page with more information. iOS 16.5 addresses Podcasts in CarPlay, unresponsive Spotlight, …

On Tuesday, neurologist, founder, and author Gary Marcus sat between OpenAI CEO Sam Altman and IBM’s chief privacy trust officer Christina Montgomery as they spoke before the Senate Judiciary Committee for nearly three hours. Because Altman controls one of the world’s most powerful firms and has frequently requested lawmakers regulate …

Meta revealed its in-house infrastructure for AI workloads, including generative AI like that used in its recently unveiled ad design and creation tools, at a virtual event this morning. Meta tried to show its superiority by adopting AI-friendly hardware systems, which has slowed its progress compared to Google and Microsoft. …