Getty Images Surges 150% on OpenAI Deal as Market Cap Stays Below $1 Billion
Updated
Updated · CNBC · Jun 22
Getty Images Surges 150% on OpenAI Deal as Market Cap Stays Below $1 Billion
3 articles · Updated · CNBC · Jun 22
Summary
Getty Images jumped 150% in premarket trading Monday after announcing a Sunday agreement that will place its content on OpenAI search and ChatGPT.
The pact extends Getty's library into OpenAI's search and discovery features, though the companies did not disclose financial terms or details on any training-related image use.
Even after the rally, Getty's market capitalization remained below $1 billion, underscoring how small the company is relative to the scale of the move.
The agreement marks a sharp turn for Getty, which had previously challenged AI use of copyrighted content and is now licensing its images into a major generative AI platform.