2023-07-11 09:39:53 ET
- Shutterstock ( NYSE: SSTK ) said on Tuesday that it had signed a new six-year agreement with OpenAI to provide training data for OpenAI models.
- SSTK shares jump +9.2% in early trading.
- Under the new agreement, OpenAI will have access to additional SSTK training data including image, video and music libraries and associated metadata.
- The company will work with OpenAI to bring generative AI capabilities to SSTK's recently acquired GIPHY platform .
- SSTK has secured priority access to the latest OpenAI technology.
- Press Release
For further details see:
Shutterstock shares rise on expanded partnership with OpenAI