Customized Shutterstock content trained with
NVIDIA Picasso generative AI cloud service to use text prompts to
rapidly generate 3D content for industrial digital twins,
entertainment and gaming
NEW
YORK, March 21, 2023 /PRNewswire/
-- Shutterstock, Inc. (NYSE: SSTK), a leading global creative
platform for transformative brands and media companies, today
announced it is partnering with NVIDIA to train custom 3D models to
create generative 3D assets from simple text prompts. Through a
first of its kind collaboration, 3D models will be trained with
Shutterstock assets using NVIDIA Picasso generative AI cloud
services to convert text into high-fidelity 3D content, reducing
creation time from hours to minutes.
When the models are introduced in the coming months on
Shutterstock.com, the new NVIDIA-powered generative AI capabilities
will be the latest addition to Creative Flow, an extensive toolkit
designed to power the most seamless creative experience possible.
The text-to-3D features will also be offered on Turbosquid.com and
is planned to be introduced on the NVIDIA Omniverse™ platform for
building and operating 3D industrial metaverse applications.
"Our generative 3D partnership with NVIDIA will power the next
generation of 3D contributor tools, greatly reducing the time it
takes to create beautifully textured and structured 3D models,"
said Shutterstock CEO Paul
Hennessy. "This first of its kind partnership furthers
our strategy of leveraging Shutterstock's massive pool of metadata
to bring new products, tools, and content to market. By combining
our 3D content with NVIDIA's foundation models, and utilizing our
respective marketing and distribution platforms, we can capitalize
on an extraordinarily large market opportunity."
With today's professional software tools, building a high
quality, detailed 3D model from scratch is often a challenging and
time-consuming task for creators. In the case of a content being
created for use as a digital twin, where absolute precision is
required, the complexity of the job can take days or even longer
depending on the specifics of the model. By creating custom models
with the NVIDIA Picasso generative AI cloud service, Shutterstock
will help 3D artists create object shapes, assist with object
unwrapping, generate textures and materials and, for non-3D users,
will even produce complete 3D models ready for use in a wide
variety of applications and platforms.
"The transformative capabilities of generative AI make it
possible for software makers and enterprises to build tools that
use simple text prompts to create 3D assets for digital twins,
simulation and design, saving artists enormous amounts of time and
effort," said NVIDIA Vice President of Developer Programs
Greg Estes. "Training a custom
Shutterstock model with the NVIDIA Picasso generative AI cloud
services will give developers a tool that can automate much of the
tedious work for artists, freeing them to spend more time exploring
new concepts and refining their ideas."
As part of its responsible AI focus and in correlation with
sales of the customized 3D models on Shutterstock's platform,
Shutterstock will compensate artists through its Contributor Fund
for the role their IP plays in training the generative
technology.
ABOUT NVIDIA
Since its founding in 1993,
NVIDIA (NASDAQ: NVDA) has been a pioneer in accelerated
computing. The company's invention of the GPU in 1999 sparked the
growth of the PC gaming market, redefined computer graphics,
ignited the era of modern AI and is fueling the creation of the
metaverse. NVIDIA is now a full-stack computing company with
data-center-scale offerings that are reshaping industry. More
information at https://nvidianews.nvidia.com/.
ABOUT SHUTTERSTOCK
Shutterstock, Inc.
(NYSE: SSTK), is a leading global creative platform for
transformative brands and media companies. Directly and through its
group subsidiaries, Shutterstock's comprehensive collection
includes high-quality licensed
photographs, vectors, illustrations, 3D
models, videos and music. Working with its growing
community of more than 2 million contributors, Shutterstock adds
hundreds of thousands of images each week, and currently has more
than 600 million images and more than 45 million video clips
available.
Headquartered in New York City,
Shutterstock has offices around the world and customers in more
than 150 countries. The Company also owns Splash News, an
entertainment news agency for newsrooms and media companies
worldwide; Pond5, one of the world's largest video-first
content marketplaces; TurboSquid, one of the world's largest
3D content marketplaces; PicMonkey, an 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; and Bigstock, a value-oriented stock media
offering.
For more information, please
visit www.shutterstock.com and follow Shutterstock
on Twitter and on Facebook.
NVIDIA FORWARD-LOOKING STATEMENTS
Certain statements
in this press release including, but not limited to, statements as
to: the benefits, impact, performance, availability and features of
NVIDIA's partnership with Shutterstock to use images and text
prompts to rapidly generate 3D content for industrial digital
twins, entertainment, and gaming; and the benefits, impact,
performance, features and availability of NVIDIA's products, and
technologies, including NVIDIA Picasso generative AI cloud
services, NVIDIA Omniverse, and NVIDIA foundation models are
forward-looking statements that are subject to risks and
uncertainties that could cause results to be materially different
than expectations. Important factors that could cause actual
results to differ materially include: global economic conditions;
NVIDIA's reliance on third parties to manufacture, assemble,
package and test NVIDIA's products; the impact of technological
development and competition; development of new products and
technologies or enhancements to NVIDIA's existing product and
technologies; market acceptance of NVIDIA's products or NVIDIA's
partners' products; design, manufacturing or software defects;
changes in consumer preferences or demands; changes in industry
standards and interfaces; unexpected loss of performance of
NVIDIA's products or technologies when integrated into systems; as
well as other factors detailed from time to time in the most recent
reports NVIDIA files with the Securities and Exchange Commission,
or SEC, including, but not limited to, its annual report on Form
10-K and quarterly reports on Form 10-Q. Copies of reports filed
with the SEC are posted on the company's website and are available
from NVIDIA without charge. These forward-looking statements are
not guarantees of future performance and speak only as of the date
hereof, and, except as required by law, NVIDIA disclaims any
obligation to update these forward-looking statements to reflect
future events or circumstances.
SHUTTERSTOCK FORWARD-LOOKING STATEMENTS
This press
release contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, particularly
in the discussion under the caption "2023 Guidance." All statements
other than statements of historical fact are forward-looking.
Examples of forward-looking statements include, but are not limited
to, statements regarding guidance, industry prospects, future
business, future results of operations or financial condition, new
or planned features, products or services, management strategies
and our competitive position. You can identify forward-looking
statements by words such as "may," "will," "would," "should,"
"could," "expect," "aim," "anticipate," "believe," "estimate,"
"intend," "plan," "predict," "project," "seek," "potential,"
"opportunities" and other similar expressions and the negatives of
such expressions. However, not all forward-looking statements
contain these words. Forward-looking statements are subject to
known and unknown risks, uncertainties and other factors that could
cause our actual results to differ materially from those expressed
or implied by the forward-looking statements contained herein. Such
risks and uncertainties include, among others, those discussed
under the caption "Risk Factors" in our most recent Annual Report
on Form 10-K, as well as in other documents that the Company
may file from time to time with the Securities and Exchange
Commission. As a result of such risks, uncertainties and
factors, Shutterstock's actual results may differ materially from
any future results, performance or achievements discussed in or
implied by the forward-looking statements contained herein. The
forward-looking statements contained in this press release are made
only as of this date and Shutterstock assumes no obligation to
update the information included in this press release or revise any
forward-looking statements, whether as a result of new information,
future developments or otherwise, except as required by
law.
© 2023 NVIDIA Corporation. All rights reserved. NVIDIA, the
NVIDIA logo, and NVIDIA Omniverse are trademarks and/or registered
trademarks of NVIDIA Corporation in the U.S. and other countries.
Other company and product names may be trademarks of the respective
companies with which they are associated. Features, pricing,
availability, and specifications are subject to change without
notice.
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SOURCE Shutterstock, Inc.