The latest release of this technology was in 1989 and it is called 89a, replacing the original 87a.
Much debate has gone into the pronunciation of the acronym GIF itself. According to Mashable, 70% of the world’s population pronounces GIF "ghif" giving the G a hard sound.
The correct pronunciation, according to the creator of graphics interchange formats is "jiff", however, only 30% of people say it this way.
In the UK 83% of the population spells GIF wrong, Mashable has found.