Shutterstock Announces Formation of Shutterstock.AI and Acquisition of Three Leading Artificial Intelligence Platforms

Shutterstock Announces Formation of Shutterstock.AI and Acquisition of Three Leading Artificial Intelligence Platforms

Shutterstock, Inc . (NYSE:SSTK ), a leading global creative platform offering full-service solutions, high-quality content and tools for brands, businesses and media companies, today announced the launch of Shutterstock.AI, a newly formed subsidiary with information and data like center of its mission. In addition, the newly created Shutterstock.AI acquired three leading AI platforms: Pattern89, Datasine and Shotzr.

With these three acquisitions, Shutterstock.AI will continue to rapidly evolve its own predictive performance capabilities to help creatives and clients achieve their goals by making more data-informed content decisions.

In the near term, Shutterstock.AI will market data assets in Shutterstock’s immense content library, which includes more than 400 million images, videos, music and 3D models, and will also partner with innovative companies to increase their vision capabilities. computational and content data to power the next generation of AI models.

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“With these three acquisitions, Shutterstock.AI will help our clients around the world solve the biggest creative challenge they have, which is to discover and select the right content that is relevant and that resonates with audiences. customers create with confidence,” said Stan Pavlovsky , CEO of Shutterstock.

“To complement this, Shutterstock.AI will also help new customer segments accelerate the development of artificial intelligence, unleashing the power of data associated with our vast content library. Powered by AI, Shutterstock.AI’s high-quality data and services will enable companies to develop the next generation of technologies.”

Shutterstock.AI sees the future of creativity through the lens of performance, as the engine that will turn customers’ ideas into achievement. With the acquisition of these three creative AI companies and the creation of Shutterstock.AI, Shutterstock is redefining what creativity means and helping solve our customers’ problems through skillful content delivery.

Looking ahead, Shutterstock.AI will develop predictive creative AI models, leveraging leading-edge technologies to help customers make more informed content choices, giving them more confidence in the performance of what they produce.

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