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, stating, "The renewal and significant expansion of our strategic partnership with OpenAI reinforces Shutterstock's commitment to driving AI tech innovation and positions us as the data and distribution partner of choice for industry leaders in generative AI."
