Getty Inks AI Pact As Regulators Eye $3.7B Shutterstock Deal

By Editorial Team

Getty Images announced on Friday that it has entered into a multiyear image licensing agreement with Perplexity, an artificial intelligence-powered search engine company. This development comes amidst ongoing regulatory scrutiny of Getty Images’ proposed $3.7 billion merger with Shutterstock.

The agreement with Perplexity signifies Getty Images’ strategic move to enhance its offerings and services through AI technology. The deal aims to leverage Perplexity’s advanced AI capabilities to improve image search and licensing processes for Getty Images.

Meanwhile, regulators are closely monitoring Getty Images’ proposed acquisition of Shutterstock, a significant deal in the visual media industry. The $3.7 billion merger has raised antitrust concerns, prompting regulatory bodies to conduct a thorough review to assess its potential impact on competition and market dynamics.

As the regulatory review progresses, Getty Images continues to explore partnerships and collaborations to strengthen its position in the market and expand its capabilities in line with industry trends and technological advancements.

Stay tuned for more updates on the developments surrounding Getty Images’ AI agreement with Perplexity and the regulatory scrutiny of its Shutterstock merger.