Apple Inc. and Shutterstock Inc. reportedly reached an agreement to use stock images to train AI. The deal will give the iPhone maker access to millions of images, videos, and even music files that it can use to train its artificial intelligence models.
According to MacRumors, Apple has sealed a deal with Shutterstock for licensing photos not long after ChatGPT was introduced in late 2022. It is believed that the companies signed a contract worth between $25 million to $50 million.
Licensing Deal for AI Image Training
With the contract, the tech firm can now freely use all of Shutterstock’s content for its AI image training. The deal makes Apple’s use of images for its AI models legal and “ethically sourced.” This means the company does not have to face any IP infringement case later as it holds a proper license to use the images and other content.
The Star further mentioned that this partnership would greatly help improve image generation and editing for iPhones and other Apple devices. This is because the AI image recognition technology will enhance the function.
Photobucket Images for Apple’s AI
It was reported that Apple is also in talks with Photobucket for a similar licensing deal. Australian Photography reported that the company’s massive image library is drawing major tech firms to it since they can use the content for their AI projects.
In fact, Photobucket is said to have already been approached by many artificial intelligence and tech companies, including Apple. They are seeking a licensing agreement to gain access to the image hosting and video hosting website’s database of 13 billion images and videos. Meanwhile, there has been no announcement yet of whether the iPhone maker succeeded in securing a deal with Photobucket.
Photo by: Medhat Dawoud/Unsplash


Zcash Plans Quantum-Resistant Security Upgrade for January
Jameson Lopp Downplays AI Threat to Bitcoin Cryptography
OpenAI Annualized Revenue Hits $50 Billion, Below Earlier Estimates
OpenAI Revenue Hits $50 Billion, Below Earlier $70 Billion Estimate
Samsung, SK Hynix Shares Fall as China's CXMT Advances DRAM Technology
Albertsons Seeks $9.3 Billion From Kroger Over Failed Merger
Epic Games Delays Disney Shooter, Shifts to AI-First Development
Apple Cuts iPhone 18 Pro Production Orders Amid Weak Demand
Bank of America Predicts Yen Rebound as USD/JPY Faces Risks
Meta Launches Muse Wonder AI Models, Shares Rise 3.7%
Amazon in Talks to Acquire AI Startup Decart for $7 Billion
INWIT Shareholders Explore $7.1 Billion Take-Private Deal
Syndax Stock Drops 15% After Axatilimab Trial Failure
Anthropic Launches Claude Dashboards and Motion AI Tools
Apple Supplier Luxshare Sees Limited Impact From US Patent Probe 



