Shutterstock Expands Deal with OpenAI to Build Generative AI Tools

Shutterstock's expanded collaboration with OpenAI underscores its commitment to innovation and highlights its proactive approach to navigating the evolving landscape of AI technology and content creation.
Shutterstock announces plans to broaden its collaboration with OpenAI, leveraging training data for AI models and advancing generative AI capabilities. Shutterstock revealed today its intention to extend its current partnership with OpenAI, aimed at providing the startup with crucial training data for its AI models. Over the course of the next six years, OpenAI will gain access to a variety of data from Shutterstock, encompassing images, videos, music, and associated metadata. In return, Shutterstock will receive "priority access" to OpenAI's latest technological advancements and innovative editing features, facilitating image transformation within Shutterstock's extensive stock content library. Paul Hennessy, CEO of Shutterstock, expressed enthusiasm about the expanded collaboration
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Anshika Mathews
Anshika is the Senior Content Strategist for AIM Research. She holds a keen interest in technology and related policy-making and its impact on society. She can be reached at anshika.mathews@aimresearch.co
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