Shutterstock leader generation officer James Chou (C) rings the outlet bell on the New York Inventory Trade on February 14, 2014 in New York Town.
D Dipasupil | Getty Photographs
Stocks of Shutterstock popped 8% Tuesday after the corporate introduced an expanded, six-year partnership with ChatGPT-maker OpenAI.
Shutterstock, which gives inventory photographs, movies and track, mentioned in a unencumber that it’s going to supply OpenAI with “top quality” coaching information via granting get admission to to its video, picture and track libraries. Shutterstock will proceed to leverage OpenAI’s text-to-image technology and make allowance shoppers to make use of “artificial enhancing functions” to vary any picture within the Shutterstock library.
The corporations may even paintings to deliver generative AI to cell customers by means of Shutterstock’s Giphy GIF database. Shutterstock agreed to procure Giphy from Meta in Would possibly.
Shutterstock started its strategic partnership with OpenAI in 2021. In October of 2022, the corporate introduced it might start to deliver OpenAI’s picture technology functions to its shoppers.
