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Shutterstock and Lightricks pioneer ‘research license’ model to lower barriers to AI training data

Dec 13, 2024•over 1 year ago

Contract Type

partnership

New YorkSoftwareMedia And EntertainmentMobileCommunity And LifestyleApps

Description

Shutterstock has partnered with Lightricks to introduce a new 'research license' model to make AI training data more accessible. This partnership allows Lightricks to utilize Shutterstock’s extensive HD and 4K video library for training its open-source video generation model LTXV.

Company Information

Company

Lightricks

Location

New York, United States

About

Facetune developer Lightricks, which operates over a dozen subscription-based photo and video editing apps across iOS and Android, now has $130 million in new funding to further grow its business. Currently, Lightricks has 460 employees and plans to add 60 more by the end of 2021. In 2021, Lightricks is on track for over $200 million in revenue and plans to grow that figure by 40% in the year ahead. The U.K. office is now the largest outside of Lightricks’ headquarters, with 23 people. In the U.S., Lightricks is focused on content.

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