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What will be the revenue impact on Shutterstock from ImageAI by end of 2024?
4
Shutterstock•Databricks•ImageAI•Databricks MosaicAI•MosaicAI•Agent Framework•Tool Catalog•Vector Search
Resolution / Starting Odds
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Shutterstock financial reports
Story
Shutterstock and Databricks Launch ImageAI Enterprise Model on June 12, 2024
Jun 12, 2024, 05:10 PM
On June 12, 2024, Shutterstock and Databricks announced a new text-to-image diffusion model named ImageAI, which is aimed at enterprise use cases. This model is trained exclusively on Shutterstock's trusted data catalog and developed on the Databricks MosaicAI platform. The collaboration highlights a significant breakthrough in building high-quality image generators that respect artists' rights and do not rely on data scraping. Additionally, Databricks has introduced new capabilities in its MosaicAI platform, including an Agent Framework, Tool Catalog, Vector Search, and enhanced evaluation and training features, to support the development of compound AI systems.
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