Shutterstocks’ partnership with Lightricks is the first in a new approach to data licensing which creates new ways to train AI models
JERUSALEM And NEW YORK, December 14, 2024 /PRNewswire/ — Light roundsa global leader in AI-powered creative technologies, today announced its partnership with Shutterstock, Inc. (NYSE: SSTK) to license and use Shutterstock’s extensive library of video assets. This collaboration will allow Lightricks to train its open source video generation model, LTX Video (LTXV), using high-quality HD and HD formats. 4K video assets. Lightricks is the first global partner to train on Shutterstock’s premier “research license,” a unique option that lowers the barriers to entry for training on open source models.
Leveraging the research licensing model reflects Lightrick’s vision to expand access to creative tools, while producing high-quality generative AI results that ensure creators have their content protected from the start. By first integrating a research license, startups and AI companies can build and refine AI tools on licensed premium data before committing further to a full commercial license. This approach also provides a cost-effective way to access high-quality data at the research and development stage, addressing a major challenge that many new or established companies may face in training AI models.
“This long-term partnership with Shutterstock marks a strategic milestone for us, building on our licensing initiatives over the past year, including agreements with major broadcasters and key content providers. said Zeev Farbmanco-founder and CEO of Lightricks. “At our core, we are committed to creating powerful and accessible creative tools. This collaboration not only improves our ability to train AI models with diverse, high-quality video data, but also elevates the quality and relevance of our generative video tools for our growth. community of professional creators and businesses.
This partnership also continues Lightricks’ AI mission to facilitate access to creative tools, while producing high-quality generative AI results. By integrating Shutterstock-licensed video data, Lightricks strengthens its training models, ensuring they are based on robust, industry-recognized datasets that respect the creativity of filmmakers and broadcasters. This announcement follows Lightricks’ release of LTXV 0.9 to the open source community in November 2024. By leveraging Shutterstock’s premium HD quality and 4K video data, Lightricks aims to prioritize quality in its next model update, improving outcomes for users while advancing its open source initiatives.
“Through our innovative research licensing model, we enable our partners to train their AI models using trusted, licensed data from the start,” said Daniel MandellGlobal Head of Data Licensing and AI at Shutterstock. “We are excited to collaborate with Lightricks on their industry-leading video tools and remain committed to providing the data resources they need for long-term success.” »
Shutterstock’s vast library of over 1 billion royalty-free assets, including images, videos, music, 3D models, templates, and more, provides one of the largest media datasets largest and most diverse global data sets available for training multimodal models.
About Lightricks
Lightricks is a global leader in developing AI-driven creative tools that empower creators and brands. With innovative products like Facetune, Videoleap and the recently launched LTX Studio, Lightricks is transforming the creative landscape.
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK) is a leading partner for transformative brands, digital media and marketing companies, enabling the world to create with confidence. Powered by millions of creators around the world and a courageous approach to product innovation, Shutterstock is the leading global licensing platform for the largest and most diverse collection of 3D models, videos, music, high quality photographs, vectors and illustrations. From the world’s largest content marketplace to editorial access to breaking news and top entertainment, to an all-in-one content publishing platform and studio production service, all using latest innovative technologies, Shutterstock offers the most comprehensive selection of resources to bring. tell stories to life.
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SOURCEShutterstock, Inc.
