US Biz
SAN FRANCISCO, July 11 (Xinhua) -- Shutterstock on Tuesday announced that it is expanding cooperation with OpenAI.
Over the next six years, OpenAI will license data from Shutterstock including images, videos and music as well as any associated metadata. Shutterstock will gain "priority access" to OpenAI's latest tech and new editing capabilities, the announcement said.
The company maintains a "contributor fund" that pays artists for their work that has been used in training Shutterstock's generative AI, according to Shutterstock.
"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 CEO Paul Hennessy said in a press release.
Shutterstock begins cooperation with OpenAI in 2021. It has also established licensing agreements with Nvidia, Meta, LG and others to develop generative AI models and tools across 3D models, images and text.