Shutterstock Expands Its Longstanding Relationship With Meta


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Shutterstock, Inc. (NYSE: SSTK ), the leading global creative platform for brands and transformative media companies, will help fuel Meta’s continued investment in the AI. The extended relationship reflects both companies’ commitment to being at the forefront of AI innovation, as well as the power of Shutterstock’s expansive content library.

“AI has the potential to spark an explosion of creativity,” said Paul Hennessy, CEO of Shutterstock. “Shutterstock is expanding our long-standing relationship with Meta, which builds on our partnerships with OpenAI and LG AI Research announced last year, to further our mission to invest in technology that brings creative ideas to life faster. . We want to automate the work needed to complete creative projects and help creators understand how their work resonates. Our content will remain at the heart of this progress, both on our platform and externally, and we will continue to shape the future of generative AI in an ethical and artist-driven way. »

With its premier library of high-quality content, its focus on bringing new creative offerings to market, and its expertise in building a large-scale ecosystem that compensates and connects contributors to creators, Shutterstock is the ideal partner for industry leaders investing in creating new AI-powered experiences. Drawing from Shutterstock’s collection of millions of images, videos and music, Meta plans to use these datasets to develop, train and evaluate its machine learning capabilities.

This expanded relationship with Meta is part of Shutterstock”s strategic vision to be at the center of technology, design, content and innovation. Shutterstock is one of the first companies to compensate artists for their contributions to training machine learning models, and it has proven to be a trusted partner for those entering this space by ensuring the responsible creation and licensing of content with transparent transfer of intellectual property.

Also Read: Customer Experience (CX) Strategy: Signifying Common Pitfalls & How to End Them

FORWARD-LOOKING STATEMENTS This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking. Examples of forward-looking statements include, but are not limited to, statements regarding direction, industry outlook, future business, future results of operations or financial condition, future dividends, our ability to realize acquisitions and to integrate businesses we have acquired or may acquire into our existing businesses, new or planned features, products or services, management strategies, our competitive position and the COVID-19 pandemic.

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However, certain forward-looking statements may not contain these words. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from those expressed or implied by the forward-looking statements contained herein. These risks and uncertainties include, among others, those discussed under “Risk Factors” in our most recent Annual Report on Form 10-K and our Quarterly Report on Form 10-Q for the three months ended June 30, 2022, as well as in other documents that the Company may file from time to time with the Securities and Exchange Commission.

Due to these risks, uncertainties and factors, Shutterstock’s actual results may differ materially from any future results, performance or achievements discussed or implied by the forward-looking statements contained herein. The forward-looking statements contained in this press release are made only as of this date and Shutterstock does not

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TalkMartech Bureau
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