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Shutterstock Joins Forces with LG AI Research to Advance AI Technology to Revolutionize the Creative JourneyBy developing responsibly made AI tools built with designers and marketers in mind, Shutterstock leads the charge in streamlining the creative process for all Through its Contributor Fund, Shutterstock will continue to compensate artists for their contributions to the development of this new AI technology NEW YORK, Nov. 17, 2022 /CNW/ -- Building on its promise to enable its users to produce their best work with incredible content and innovative tools, Shutterstock, Inc. (NYSE: SSTK), today announced its long-term partnership to advance AI-powered technology with LG AI Research. By combining Shutterstock's metadata and world-class content with LG AI Research's R&D capabilities, the companies will bring EXAONE, LG's AI image generation model, EXAONE Atelier, a creative AI toolkit, and AI-based image captioning to the global market. This is Shutterstock's latest initiative to provide its partners, customers and contributors with ethically driven AI technology across all stages of the creative workflow, as it continues to collaborate with industry leaders to responsibly shape the future of generative AI. "LG AI Research has been working closely with Shutterstock as its most trusted and strategic partner to develop EXAONE, a super-giant AI that can generate creative visual images and captions based on unique multi-modal architecture and a huge number of images and texts," said Dr. Kyunghoon Bae, Chief of LG AI Research. "Together with Shutterstock, LG AI Research is building successful commercial cases of EXAONE and exploring brand new opportunities based on EXAONE Atelier, a creative AI toolkit that is designed to inspire designers and creators by leveraging generative AI. We are ready to collaborate with all businesses to make our world more creative — inspired by AI and designed by humans." "Since our inception almost 20 years ago, Shutterstock has been committed to supercharging creativity by providing its users with the ingredients to power a flawless artistic experience," said Paul Hennessy, Chief Executive Officer at Shutterstock. "Our partnership with LG AI Research continues to deliver on that mission by bringing AI tools to our customers that automate the non-creative parts of the process through AI image captioning and actualize visions instantly through generative AI models. Whether it be for a CMO or a freelance Creative Director, the AI-powered tools we're building eliminate key pain points of the creative process for all and open up more space for creativity to flow." Expanding Our Generative AI Footprint AI Image Captioning: A Game-Changer for the Creative Workflow A Collaborative Approach Toward Industry Education Customers and contributors can expect to see features like these integrated into Shutterstock's platform in 2023. FORWARD-LOOKING STATEMENTS ABOUT SHUTTERSTOCK Headquartered in New York City, Shutterstock has offices around the world and customers in more than 150 countries. The Company also owns Splash News, the world's leading entertainment news agency for newsrooms and media companies worldwide, Pond5, the world's largest video-first content marketplace, TurboSquid, the world's largest 3D content marketplace; PicMonkey, a leading online graphic design and image editing platform; Offset, a high-end image collection; Shutterstock Studios, an end-to-end custom creative shop; PremiumBeat, a curated royalty-free music library; Shutterstock Editorial, a premier source of editorial images and videos for the world's media; Amper Music, an AI-driven music platform; and Bigstock, a value-oriented stock media offering. For more information, please visit www.shutterstock.com and follow Shutterstock on Twitter and on Facebook. ABOUT LG AI RESEARCH LG AI Research has made continuous efforts to develop the super-giant AI, EXAONE. EXAONE stands for "Expert AI for Everyone," an expert AI for everyone that LG aims for with various features. EXAONE is differentiated from previous models since it is a multi-modal super-giant AI model that can process both language and visual data. With the world's largest learning data being used, this huge amount of data learning enabled easily creating images and texts bidirectionally. For more information, visit www.lgresearch.ai. View original content to download multimedia:https://www.prnewswire.com/news-releases/shutterstock-joins-forces-with-lg-ai-research-to-advance-ai-technology-to-revolutionize-the-creative-journey-301680992.html SOURCE Shutterstock, Inc. |