Getty shares surge after OpenAI deal

Getty Images Holdings' stock surged by nearly 200% in pre-market US trading following the announcement of a licensing agreement with OpenAI, which involves integrating its image library into the search and discovery features of the ChatGPT app. The stock had fallen by 55% since the beginning of the year amid fears that artificial intelligence companies could cause a decline in the digital image market, as many photographers oppose these technologies. The agreement comes as Getty expands from confrontation to partnership with AI companies and works to broaden its presence in video production and digital advertising.

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