Shutterstocks' partnership with Lightricks is
the first of a new data licensing approach that builds new
ways for training AI models
JERUSALEM and NEW
YORK, Dec. 13, 2024 /CNW/ -- Lightricks, a
global leader of AI-powered creative technology, today announced it
is partnering with Shutterstock, Inc. (NYSE: SSTK) to license and
use Shutterstock's extensive video asset library. This
collaboration will empower Lightricks to train its open-source
video generation model, LTX Video (LTXV), using high-quality HD and
4K video assets. Lightricks is the
first global partner to train on Shutterstock's industry-first
"research license," a unique option that reduces the entry barrier
for open-source model training.
"Our innovative research license empowers
partners to train AI models using trusted, licensed data from the
start."
Leveraging the research license model mirrors Lightrick's
vision to expand access to creative tools, while driving high
quality generative AI results ensure creators' have protection for
their content from the outset. By first integrating a research
licence, startups and AI companies can build and refine AI tools on
premium, licensed data before making a larger commitment in a full
commercial license. This approach also offers a cost-effective path
to accessing high-quality data at the research and development
stage, addressing a key challenge many new or established companies
may face in training AI models.
"This long-term partnership with Shutterstock marks a strategic
milestone for us, building on our licensing initiatives from the
past year, including agreements with major broadcasters and key
content providers." said Zeev
Farbman, Co-founder and CEO of Lightricks. "At our core,
we're committed to building powerful, accessible creative tools.
This collaboration not only enhances our ability to train AI models
with premium, diverse video data, but also elevates the quality and
relevance of our generative video tools for our growing community
of professional creators and enterprises."
This partnership also continues Lightricks' AI mission to drive
access to creative tools, while driving high-quality generative AI
results. By incorporating Shutterstock-licensed video data,
Lightricks strengthens its training models, ensuring they are built
on robust, industry-recognized datasets that respect the creativity
of filmmakers and broadcasters. This announcement follows
Lightricks' release of LTXV 0.9 to the open-source community in
November 2024. By leveraging
Shutterstock's premium HD and 4K
video data, Lightricks aims to prioritize quality in its next model
update, enhancing results for users while advancing its open-source
initiatives.
"With our innovative research license model, we empower partners
to train their AI models using trusted, licensed data from the
start," said Daniel Mandell, Global
Head of Data Licensing & AI at Shutterstock. "We're thrilled to
collaborate with Lightricks on their cutting-edge video tools and
remain committed to delivering the data assets they need to achieve
long-term success."
Shutterstock's expansive library—consisting of more than one
billion royalty-free assets, including images, videos, music, 3D
models, templates, and more—provides one of the largest and most
diverse global media datasets available for multimodal model
training.
About Lightricks
Lightricks is a global leader in
developing AI-powered creative tools that empower creators and
brands. With innovative products like Facetune, Videoleap, and the
recently launched LTX Studio, Lightricks is transforming the
creative landscape.
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE:
SSTK) is a premier partner for transformative brands, digital media
and marketing companies, empowering the world to create with
confidence. Fueled by millions of creators around the world and a
fearless approach to product innovation, Shutterstock is the
leading global platform for licensing from the most extensive and
diverse collection of high-quality 3D models, videos, music,
photographs, vectors and illustrations. From the world's largest
content marketplace, to breaking news and A-list entertainment
editorial access, to all-in-one content editing platform and studio
production service—all using the latest in innovative
technology—Shutterstock offers the most comprehensive selection of
resources to bring storytelling to life.
Learn more at www.shutterstock.com and follow us on
LinkedIn, Instagram, Twitter, Facebook and YouTube.
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SOURCE Shutterstock, Inc.