Home / Business and Economy / Getty Images Stock Surges After AI Deal
Getty Images Stock Surges After AI Deal
22 Jun
Summary
- Getty Images shares experienced a significant surge in premarket trading.
- A new licensing agreement has been established with OpenAI.
- Getty's extensive image library will be integrated into ChatGPT features.
Shares of Getty Images Holdings Inc. experienced a remarkable surge of about 200% in premarket trading on Monday. This significant market reaction followed the company's announcement of a new licensing agreement with OpenAI.
Under the terms of the deal, a wide array of images from Getty Images' extensive library will be incorporated into the search and discovery features of ChatGPT. This collaboration represents a key integration of visual content into artificial intelligence platforms.
The partnership signifies a growing trend of traditional media assets finding new applications within the rapidly evolving AI landscape. Investors responded positively to the news, driving substantial gains for Getty Images.
