Shutterstock has agreed to acquire GIPHY for $53 million from Meta after a UK regulator forced the sale. Meta is taking a huge loss as a result of the sale as it paid around $400 million for GIPHY.
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Shutterstock has announced a new tool for users that allow for the sale of images generated through OpenAI's tools. Dubbed shutterstock.ai, this fund will fund creators and help with training the AI.
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