Licensing2023-07-11confirmed

OpenAI × Shutterstock, Inc.

Shutterstock announced a six-year expansion of its partnership with OpenAI, granting the AI company a license to its content libraries for training purposes. [41, 42] In return, Shutterstock gains priority access to OpenAI's latest technology and will integrate DALL-E's text-to-image capabilities directly into its platform. [41, 44] The financial terms of the deal were not disclosed. [47]

Price paid
Not disclosed
Losing bid
Per unit
no meaningful ratio

The asset

License to access Shutterstock's image, video, and music libraries and associated metadata for training OpenAI's generative AI models.

The record

Seller status
Going concern
Sector
Stock media provider
Modalities
images, video, music, metadata
Jurisdiction
US

What it means if you hold data

This deal solidified a major, multi-year alliance between a leading AI developer and a major content library, establishing a model for licensing stock media for AI training. It signaled Shutterstock's strategy to become a key data provider for the generative AI industry, rather than viewing it solely as a competitor.

Sources