Shutterstock is expanding its partnership with OpenAI. Shutterstock’s new six-year agreement will further establish its role as a leading provider of top-notch training data for OpenAI models.
OpenAI And Shutterstock Partnership
With this partnership, OpenAI has obtained a license to use Shutterstock‘s image, video, and music libraries for training purposes.
Paul Hennessy, CEO of Shutterstock said: “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.”.
Shutterstock will also have exclusive access to the most up-to-date OpenAI technology and will continue to integrate DALL·E’s revolutionary text-to-image capabilities directly into the shutterstock.com platform.
Brad Lightcap, COO of OpenAI, said about the collaboration: “We’re pleased to be able to license Shutterstock’s high-quality content library. This extended collaboration not only enhances the capabilities of our image models but also empowers brands, digital media, and marketing companies to unlock transformative possibilities in content creation and ideation. We look forward to bringing the next generation of generative AI capabilities to Shutterstock and GIPHY’s vast user base, further revolutionizing the way people express themselves through visual media.”.
Shutterstock’s customers will be able to create images using text. It will also provide editing features for users to easily edit and transform any image from the Shutterstock library. This will help users create content faster. Shutterstock and OpenAI collaborate to bring Gen AI to mobile users via GIPHY.
This partnership expansion marks the most recent of many strategic moves made by Shutterstock, a flagship innovator driving AI progress in the creative sector.
