Meta Sells GIPHY to Shutterstock for $350 Million Loss

Meta has its own AI news, including release of open source text-to-speech and speech-to-text models support more than 1,100 languages.   But mostly they’ve trying get their business in order.  They took another step in that direction yesterday by selling GIPHY, which they bought for $400 million in 2020 but couldn’t keep due to anti-trust issues.  Buyer was Shutterstock, which paid $53 million.

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Micosoft Promises Chat-Driven Data Management and App Building

May 24, 2023

Microsoft kicked off its Build conference for developers yesterday.  The focus wasn’t on marketing but there was still a lot of relevant news, including use of Bing as the default search engine for ChatGPT, chat interface-driven tools for website building and app creation, and still more chat-driven data preparation, cleaning, and analysis.  It seems the next step beyond low-code development is voice-based coding, or vo-code.

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Meta Spins Out Kustomer CRM at $250 Million Valuation After Paying $1 Billion

May 23, 2023

It’s barely one year since Meta closed its $1 billion acquisition of the Kustomer CRM platform, which had been delayed since 2020 due to regulatory reviews.  But Meta’s fortunes have changed since then and, like a family that bought a boat they couldn’t afford, they’ve now sold it back to the original owners for a fraction of what they paid.  They did keep a minority stake.

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Salesforce Connects AI-Based Marketing Apps with Data from CDP and Google

June 8, 2023

Salesforce kicked off its big Connections conference yesterday, and if you’re surprised the focus was on generative AI, you haven’t been paying attention.  Still, the focus this time was on marketing applications that draw on Salesforce CDP data, so it’s right up our alley.  They also announced direct access to Google BigQuery data, ticking the “zero-copy” box as well.

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