After welcoming AI images and launching its own AI image generator, Shutterstock has now announced new AI-powered editing features. From now on, you can edit photos directly in its library, transforming any stock image you find into exactly the image you need. Or at least that was the original idea, because the execution is far from perfect.
Shutterstock, the popular stock photo site, has announced plans to provide full indemnification to business users of its AI art generator. The move aims to boost business confidence in AI and protect companies from potential legal claims arising from images created using the platform’s AI technology.
Shutterstock has said that any AI-generated images under legal claims will undergo human review. The decision by Shutterstock comes shortly after Adobe’s similar announcement to introduce IP indemnity for businesses using its generative AI platform, Firefly. These developments indicate a growing focus on addressing the industry’s legal concerns surrounding AI-generated content.
Shortly after welcoming AI-generated images on its platform, Shutterstock has introduced its own AI image generator, Shutterstock.AI. In collaboration with OpenAI, Shutterstock now offers AI-generated stock images to its customers from anywhere. They can create images in seconds, using any of the languages the website offers. Could this be the end of stock photography as we know it?
If you’ve been using Shutterstock Editor to create visual art and projects – say goodbye to the tool and your files. Shutterstock discontinued its Editor this Halloween (how’s that for scary?), but it has announced a brand new editing app with the same purpose. Still, if you had any saved projects you’ve been modifying for different purposes, you’ll have to create them all over again in Shutterstock’s new app.
Famous stock photo platform Shutterstock has announced the acquisition of PicMonkey, a web-based image editing and design platform. PicMonkey should be able to offer more content to image editors and illustrators, and Shutterstock expects to increase annual revenues after acquiring PicMonkey for $100 million dollars.
It’s been said for years that CG is coming to take away jobs from photographers and in some respects, that may be true. We know that companies like Ikea use almost exclusively CG imagery in their catalogues now instead of actual photographs of the products. But this is nothing new. Back in 2014, 75% of their “photography” was CG.
With many photographers around the world unable to work in 2020, though, CG imagery has seen a fairly solid uptick, which would probably go a large way to explaining why stock photography company, Shutterstock has purchased Turbosquid, the world’s largest 3D model marketplace, for a whopping $75,000,000.
A few months ago, the Chinese government reportedly required Shutterstock to start censoring some topics for China-based users. Some Shutterstock employees disagreed, claiming that “blacklisting” search terms wasn’t in accordance with the right of free speech. But one of the executives responded to it by basically telling them to go and work somewhere else.