Getty's stock rises after OpenAI deal
Getty Images, a company specializing in digital imagery, experienced a significant surge in its stock price—around 200%—after announcing a licensing agreement with OpenAI. Under this deal, images from its library will be integrated into the search features within the ChatGPT application. This move is part of the company's efforts to expand its scope, despite its stock having fallen by 55% since the beginning of the year amid fears that AI companies may dominate the image market and impact photographers and content creators.
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