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Top related persons:
Shutterstock - 2 James Chou - 1 Shutterstock's - 1 Meta - 1
Top related locs:
New York City Giphy U.S
Top related orgs:
Meta - 2 New York Stock Exchange - 1 ChatGPT - 1 OpenAI - 1 Markets Authority - 1 CMA - 1 Technology - 1 Activision - 1

Search resuls for: "Shutterstock's"


4 mentions found


☆ Shutterstock shares pop as company expands partnership with OpenAI
  + stars: | 2023-07-11 | by ( Ashley Capoot | ) www.cnbc.com   time to read: +1 min
Shutterstock chief technology officer James Chou (C) rings the opening bell at the New York Stock Exchange on February 14, 2014 in New York City. Shares of Shutterstock popped 10% Tuesday after the company announced an expanded, six-year partnership with ChatGPT-maker OpenAI. Shutterstock will continue to leverage OpenAI's text-to-image generation and allow customers to use "synthetic editing capabilities" to alter any image in the Shutterstock library. Shutterstock began its strategic partnership with OpenAI in 2021. In October 2022, the company announced it would begin to bring OpenAI's image generation capabilities to its customers.
Persons: James Chou, Shutterstock Organizations: New York Stock Exchange, ChatGPT, Meta, OpenAI Locations: New York City
☆ Meta sells Giphy to Shutterstock at a loss in a $53 million deal
  + stars: | 2023-05-23 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +1 min
The online stock-photo marketplace Shutterstock announced Tuesday it would acquire Giphy from Meta Platforms for $53 million, a significant loss for Meta, which acquired Giphy in 2020 for $315 million. The acquisition is an all-cash deal, and in an investor presentation, Shutterstock said it would maintain its full-year revenue guidance. U.K.'s Competition and Markets Authority had ordered Meta to divest Giphy in 2022, citing potential anti-competitive effects. Like many technology companies, Meta has faced stiffening regulatory oversight in the U.S. as well. The FTC proposed a "blanket" ban preventing Meta from monetizing young user's data and alleged Meta had violated a 2020 privacy order.
Persons: Shutterstock, Shutterstock's, Meta Organizations: Meta, Markets Authority, CMA, Technology, Activision, FTC, CNBC Locations: Giphy, U.S
☆ In generative AI legal Wild West, the courtroom battles are just getting started
  + stars: | 2023-04-03 | by ( Ellen Sheng | David Bogoslaw | Special To Cnbc.Com | ) www.cnbc.com   time to read: +8 min
Text-to-image tools like OpenAI's DALL-E, Midjourney, Stable Diffusion, and DreamUp can render images in various styles in seconds with a few words of direction. Now those purchasers can use the artist's work without compensating the artist at all," the class-action court filing against Stable Diffusion states. Stable Diffusion did not provide a comment by press time. Companies are selling AI-generated prints and Stable Diffusion can learn to copy an artist's style within hours. Given how new generative AI is, it's not surprising the legal system has yet to catch up.
☆ The pitch deck service-tech startup Handly used to raise a $1.5 million pre-seed round from investors like Shutterstock's Jon Oringer
  + stars: | 2022-10-14 | by ( Georg Räth | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com   time to read: +1 min
Handly is a service-tech startup that Bastian Meyer and Klaas Krüger founded. It acts as a digital assistant for home-services companies and helps them run more efficiently. Insider has a copy of the pitch deck Handly used to raise a 1.5 million euro pre-seed round. This is an edited, translated version of an article that originally appeared on October 13, 2022Handly is a Berlin-based service-tech startup that Bastian Meyer and Klaas Krüger founded. Insider has an exclusive copy of the pitch deck Handly used to raise the funds.
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