Several US technology companies have reportedly signed an agreement with Shutterstock on using media to train AI models. Amazon, Apple, Google and Meta are said to be part of the group and have signed deals worth at least $25 million.

According to Reuters news agency, the agreements between the photo platform Shutterstock and American technology companies will be concluded at the end of 2022. Technology companies, including Amazon, Apple, Google and Meta, would have been able to access hundreds of millions of images from Shutterstock, in addition to files Video and music from the platform, thanks to the agreements. Initially, amounts between $25 and $50 million were put on the table for licensing agreements, but these deals were reportedly later expanded. the Chief Financial Officer Said from Shutterstock To Reuters Agreements have also been concluded with smaller companies. According to the executive authority, this has happened over the past few months.

Reuters was also able to speak to the CEO of Freepik, a competitor to Shutterstock. Freepik currently has agreements with two major technology companies, the executive said. It is not clear which companies are involved. The Freepik archive is said to contain around 200 million images and access to each image is said to cost between 2 to 4 US cents. Freepik reports that there are five other similar deals with technology companies in the pipeline.

At Shutterstock End of 2022 It announced that it was partnering with OpenAI. The stock image platform then granted OpenAI access to its library of millions of photos, images, videos and music files, including metadata. In return, the company gained access to the latest AI tools from OpenAI and was able to integrate various AI tools on its platform, making it easier for customers to, for example, adjust stock photos via AI. In the summer of 2023 The partnership between Shutterstock and OpenAI has been extended for six years.