Getty Images and Shutterstock are planning to merge into a company valued at $3.7 billion, a response in part to the disruptions caused by AI.
According to the WSJ, Getty CEO Peters said: “We think, when you combine that with AI, there is upside on the AI front, not downside.”
“Paul [Hennessy] and I firmly believe AI represents significant opportunities,” he added. “We’ve been investing in it and, through the merger, we are better poised to capitalize on them.”