Shutterstock Offers Enterprise Customers Indemnification For AI Image Creation
Portfolio Pulse from Happy Mohamed
Shutterstock, Inc. (NYSE:SSTK) has announced its offering to provide enterprise customers with full indemnification for the license and use of generative AI images on its platform. The company will fulfill indemnification requests on demand via human review to protect its customers against potential claims related to their use of generative AI images. This move follows Shutterstock's recent launch of its AI Design Assistant and DALL·E-powered AI Image Generator. The company has also partnered with NVIDIA, Meta, OpenAI, LG and other tech industry leaders to develop foundational generative AI tools and standards.
July 06, 2023 | 1:05 pm
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Shutterstock's new offering of indemnification for AI image licensing could potentially attract more enterprise customers, boosting its revenues. Its partnerships with tech industry leaders for AI development could also enhance its competitive edge.
Shutterstock's move to offer indemnification for AI image licensing reduces the risk for enterprise customers, making its platform more attractive. This could lead to an increase in its customer base and revenues. Additionally, its partnerships with tech industry leaders for AI development could enhance its product offerings and competitive edge, potentially driving its stock price up.
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