How Has The Market Reacted To The Deal?
Early on Monday, Getty’s shares briefly shot up more than 200% before paring some of the gains and settling at $1.35 per share, up 123% from Friday’s close.
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What Do We Know About Getty’s Previous AI Lawsuits?
In January 2023, Getty Images announced it was suing Stability AI, the creators of the popular AI image generation tool Stable Diffusion, alleging copyright violation. The suit came after several users noted that some of Stable Diffusions generated images would display a recreation of Getty’s watermark, a potential sign that the model had been trained extensively on Getty’s library. At the time Getty said: “It is Getty Images’ position that Stability AI unlawfully copied and processed millions of images protected by copyright.” At the time Getty noted that it believes AI has the “potential to stimulate creative endeavors,” and it has provided “licenses to leading technology innovators for purposes related to training artificial intelligence systems.”
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