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.
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