Shutterstock expands deal with OpenAI to build generative AI tools

Shutterstock today announced that it plans to expand its existing deal with OpenAI to provide the startup with training data for its AI models.
Over the next six years, OpenAI will license data from Shutterstock, including images, videos and music, as well as any associated metadata. Shutterstock, in turn, will gain “priority access” to OpenAI’s latest tech and new editing capabilities that’ll let Shutterstock customers transform images in Shutterstock’s stock content library.
Shutterstock says that, in addition, OpenAI will work with it to bring generative AI capabilities to mobile users through Giphy, the GIF library Shutterstock recently …
Read more…….