Shutterstock Expands Partnership With OpenAI, Signs New 6-Year Agreement To Provide High-Quality Training Data
Portfolio Pulse from Happy Mohamed
Shutterstock, Inc. (NYSE:SSTK) has expanded its partnership with OpenAI through a new six-year agreement. Shutterstock will provide high-quality training data for OpenAI models, solidifying its position as a leading provider in this field. The expanded collaboration includes a license for OpenAI to access additional Shutterstock training data, including image, video, and music libraries. Shutterstock will also gain priority access to the latest OpenAI technology and continue to leverage DALL·E's generative text-to-image capabilities.
July 11, 2023 | 1:02 pm
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Shutterstock's expanded partnership with OpenAI could strengthen its position as a leading provider of high-quality training data for AI models. This could potentially increase its market share and revenues in the long term.
The expanded partnership with OpenAI could potentially increase Shutterstock's market share and revenues in the long term. The agreement allows Shutterstock to provide more training data to OpenAI, which could lead to more business opportunities and partnerships in the future.
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