Getty Images Partners with OpenAI, Stock Surges Over 200%
Getty Images and OpenAI have announced a multi-year display partnership that will integrate Getty's licensed content into OpenAI's search and discovery features within ChatGPT, enhancing the visual richness of AI responses. The announcement caused Getty's stock to soar over 200% in premarket trading, opening at $1.40 per share on the New York Stock Exchange, up from a previous close of $0.64. Getty CEO Craig Peters emphasized that high-quality licensed visuals make AI-powered search more trustworthy. This deal marks a shift for Getty, which previously sued Stability AI in 2023 for allegedly stealing 12 million copyrighted photos and has advocated for legislation against AI deepfakes. The partnership's specifics remain vague, including duration, financial terms, and how OpenAI will use the content. It is unclear if OpenAI can alter images or if Getty's entire library is included. The stock later dipped to $1.22 within ten minutes of market open, reflecting market uncertainty.
Key facts
- Getty Images and OpenAI announced a multi-year display partnership.
- Getty's licensed content will appear in ChatGPT search and discovery experiences.
- Getty's stock surged over 200% in premarket trading.
- Stock opened at $1.40 per share on NYSE, up from $0.64 close.
- Craig Peters stated the partnership improves trustworthiness of AI search.
- Getty sued Stability AI in 2023 for copyright infringement of 12 million photos.
- Getty lost that legal battle in the UK late last year.
- Getty has advocated for legislation against AI deepfakes.
- Details of the agreement, including duration and financial terms, are undisclosed.
- It is unclear if OpenAI can alter images or if the entire library is included.
Entities
Institutions
- Getty Images
- OpenAI
- Stability AI
- New York Stock Exchange
- PetaPixel
- Forbes
- ChatGPT
Locations
- United Kingdom
- New York Stock Exchange