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Shutterstock, Getty Images and AI Challenge
Getty Images, Shutterstock gear up for AI challenge with $3.7 billion merger
Getty Images said on Tuesday it would merge with rival Shutterstock to create a $3.7 billion stock image powerhouse geared for the artificial intelligence era, in a deal that would likely draw antitrust scrutiny.
The Future Of Stock Media After Getty And Shutterstock Join Forces
Under the terms of the agreement, the combined company will retain the Getty Images name and continue trading under the NYSE ticker symbol "GETY." Craig Peters, current CEO of Getty Images, will lead the merged entity, while Shutterstock's CEO Paul Hennessy will join the eleven-member Board of Directors.
Shutterstock and Getty Merge to Meet AI Challenge in $3.7 Billion Deal
The two big players in the licensed visual content will pair up to counter threats from artificial intelligence tools like Midjourney.
1d
What's Happening With Adobe Stock?
This news was welcomed by investors of both companies, with GETY stock rising 25% and SSTK stock rising 14% on Tuesday, ...
6h
Wallace and Gromit and the need for AI regulation
The Wallace and Gromit films have always featured inventions and technology and the new instalment, Vengeance Most Fowl is no ...
9h
Getty Deal Is Picture-Perfect M&A For 2025
Getty Images’ $3.7 billion merger, including debt, with rival stock image seller Shutterstock is a picture-perfect template ...
24/7 Wall St
9h
Here's Why BigBear.AI (BBAI) Stock Collapsed 16% Yesterday
BigBear.ai (NASDAQ:BBAI) fell for the third consecutive day, but the losses accelerated as BBAI stock crumpled 16.2%. The ...
agdaily
9h
Scientists leverage AI in methane mitigation strategies for ag
USDA and ISU scientists used AI to find safer alternatives to bromoform for reducing cow methane emissions. AI models ...
cybernews
11h
AI in screenings improves breast cancer detection rate
Breast cancer detection is getting a boost from AI. Researchers have found that the use of the technology in screenings increased the chance of uncovering the disease.
CIO
14h
Chief data officers step into the business strategist spotlight
The CDO role is quickly evolving as companies seek to capitalize on AI and data literacy. Seven data chiefs shed light on ...
1d
What is RAG in AI? The low-down on Retrieval Augmented Generation
Enter retrieval-augmented generation (RAG), a framework that’s here to keep AI’s feet on the ground and its head out of the ...
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