Tech Brew Ride Home Tue. 05/23 – Shutterstock Nabs Giphy
May 23, 2023
Apple deepens its partnership with Broadcom to bolster 5G tech in the U.S. Verified Twitter accounts mistakenly spread a major hoax about a Pentagon explosion, raising concerns about misinformation. Shutterstock acquires Giphy from Meta for a fraction of its purchase price amidst antitrust scrutiny. Meanwhile, Max launches with impressive 4K content, while Shareit rises to fame as a favorite file-sharing app across emerging markets, navigating its next challenges as connectivity evolves.
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Apple's Broadcom Strategy
- Apple is investing billions in US-based Broadcom for 5G and wireless component development.
- This move aims to boost domestic manufacturing while Apple develops its in-house alternatives.
Pentagon Explosion Hoax
- AI-generated images of a Pentagon explosion were spread by verified Twitter accounts, causing a brief stock market dip.
- This incident highlights the risks of paid verification, as it erodes trust and facilitates misinformation.
Giphy's Sale
- Shutterstock acquired Giphy from Meta for $53 million after the UK blocked Meta's initial acquisition.
- Meta recouped only a fraction of its original investment, highlighting the consequences of regulatory intervention.