Shutterstock reported full-year 2024 revenues of $935.3 million (up 7%), partly driven by the acquisition of Envato and $104 million in AI content licensing revenue—a figure projected to rise to $250 million by 2027. Meanwhile, Getty Images’ Creative revenue declined by 4.5% in 2024 despite overall corporate growth. This decline in core stock licensing, offset by growth in editorial and AI-related services, suggests an internal shift rather than expansion.
Source: The Silent Collapse: Generative AI’s Erosion of Photo Licensing Revenue – Kaptur
While privacy, security, and technical challenges limit access to valuable private data, the biggest hurdle is commercial. There is no established system for companies to securely share proprietary data. Without a structured system for data sharing, vast amounts of valuable information will stay locked away, stifling AI-driven advancements and slowing innovation across industries.
NaNoWriMo, the non-profit organization that grew out of the annual tradition National Novel Writing Month, had a solid 25-year run encouraging writers to speedrun the novel writing process, but it has come to an end. On Monday, the organization announced that it would cease operations due to ongoing financial issues, as well as some very public drama that has played out in recent years.
Today’s refined GPT-4o model makes it easier for consumers, and businesses, to create more life-like images and paragraphs of comprehensible text—and even company logos and slide decks, OpenAI said. Behind the improvement to GPT-4o is a group of “human trainers” who labeled training data for the model—pointing out where typos, errant hands and faces had been made in AI-generated images.