Core Insights - Shutterstock has launched a generative 3D API that allows enterprises to produce realistic 3D models quickly and ethically using AI technology [3][10][11] - The API is built on NVIDIA Edify generative AI architecture and trained on Shutterstock's extensive content library, including over 650 million images and more than half a million ethically-sourced 3D models [3][5] - The API is designed to integrate seamlessly into existing applications, significantly reducing the time from concept to creation [2][11] Product Features - The generative 3D API produces 3D files in GLB, USDz, and OBJ formats, complete with physically based rendering (PBR) materials [2] - Each 3D generation starts with a 2D preview image that users can approve or modify before the final 3D model is generated [2] - An early access 360 HDRi generator API is also available, which creates detailed natural environments for lighting 3D scenes [4] Market Position and Strategy - The API is currently available for enterprise customers, with a self-serve option expected soon, and pricing for generative credit packs starting at $25 [7] - The company emphasizes ethical compliance and brand safety through tailored protections and content controls, ensuring legal integrity and protection against inappropriate content [5][11] - Early beta testers, including HP, Trigger XR, and WPP, will showcase various use cases at the SIGGRAPH 2024 conference [6] User Accessibility - The API comes with intuitive documentation to assist non-developers in integration within a few hours, along with lightweight plugins and code samples for popular tools like Blender and Gradio [12] - The launch aims to democratize access to 3D creation, allowing studios and developers to revolutionize their workflows and reduce the time required for 3D model production from hours to minutes [11]

NEW YORK, July 22, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a leading global creative platform offering high-quality creative content for transformative brands, digital media and marketing companies, completed its previously announced acquisition of Envato Pty Ltd. ("Envato"), a leader in digital creative assets and templates. Strategic Highlights: Shutterstock completes acquisition of Envato, a leader in digital creative assets and templatesShutterstock completes acquisition of Envato, a leade ...

The company will host a conference call at 8:30 a.m. ET to discuss the results. The conference call is being webcast live and can be accessed by either visiting the Company's website at https://investor.shutterstock.com or clicking here for direct access. The webcast is listen-only. ABOUT SHUTTERSTOCK Learn more at www.shutterstock.com and follow us on LinkedIn, Instagram, Twitter, Facebook and YouTube. SOURCE Shutterstock, Inc. NEW YORK, July 16, 2024 /PRNewswire/ -- Shutterstock, Inc. (NYSE: SSTK), a lead ...

Jaime Teevan, Chief Scientist & Technical Fellow at Microsoft, has been appointed to Shutterstock's Board of Directors. "We are thrilled to welcome Jaime to the Shutterstock Board of Directors," said Jon Oringer, Executive Chairman of the Board at Shutterstock. "Jaime is one of the most influential figures in AI globally, pioneering critical research and leading product innovation for one of the world's leading companies. Her wealth of knowledge and experience in AI, deep roots in rigorous research and expe ...

The Zacks Internet - Content industry is benefiting from solid demand for digital offerings, as well as the increasing importance of video content and cloud-based applications. The proliferation of AI and rapid deployment of generative AI is benefiting industry players. Participants like Shutterstock (SSTK) and Opera Limited (OPRA) are expanding their presence across social media, display and connected TV, and search, driving top-line growth. However, the industry has been suffering from challenging macroec ...

Core Insights - Databricks and Shutterstock have launched Shutterstock ImageAI, a text-to-image Generative AI model designed for enterprise use, leveraging Databricks' Mosaic AI capabilities and Shutterstock's extensive image repository [2][4][5] Product Features - ImageAI allows organizations to generate high-resolution, photorealistic images quickly, ensuring that the images are commercially viable as they are trained on Shutterstock's curated image collection [4][5] - The model can be integrated into existing enterprise applications through API calls, providing automatic governance and monitoring [4][5] Business Implications - The collaboration between Databricks and Shutterstock emphasizes the importance of responsible AI and aims to enhance creative workflows for businesses [5] - Organizations can customize the model to align with their brand identity, enabling the generation of unique images tailored to specific business needs [5][6] Availability - Shutterstock ImageAI is currently available in private preview on Databricks Mosaic AI Model Serving and live on Shutterstock's website [7] Company Background - Databricks serves over 10,000 organizations globally, including more than 60% of the Fortune 500, providing a platform for data control and AI integration [8] - Shutterstock is a leading global platform for licensing a diverse collection of high-quality creative assets, supporting brands and media companies in their storytelling efforts [9]

Shares of Shutterstock (SSTK) have gained 3.5% over the past four weeks to close the last trading session at $40.63, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.50 indicates a potential upside of 39.1%. The average comprises four short-term price targets ranging from a low of $41 to a high of $65, with a standard deviation of $11.36. While the lowest estimate indicates a ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metric ...

Core Insights - Shutterstock Studios has achieved significant recognition in the industry, winning 15 Telly Awards, four Webby Honors, and a Webby Nomination for its innovative work in commercial storytelling [1][4][5] Group 1: Awards and Recognition - The Telly Awards honored Shutterstock Studios with multiple gold, silver, and bronze awards across various categories, including craft & editing, videography & cinematography, and social responsibility [3][4] - The Webby Awards recognized Shutterstock Studios in categories such as best video editing and best use of vertical video, with over 13,000 entries from more than 70 countries, placing its work in the top 10 percent [4][5] Group 2: Company Background and Leadership - Established in 2020, Shutterstock Studios is led by a team with experience from notable brands like VICE and Refinery29, positioning itself as a leader in both traditional and immersive production [5] - The company serves as a creative partner to major brands, including Amazon, L'Oréal, and Sony, showcasing its capability in delivering high-quality productions [5] Group 3: Future Initiatives and Technology - Shutterstock Studios is set to host an Immersive Showcase in New York City, demonstrating the power of virtual production and 3D modeling, with global experts leading keynotes and workshops [6] - The company will also participate in the Cannes Lions event to share insights on the application of new technologies in enhancing brand storytelling [6]

Shares of Shutterstock (SSTK) have gained 2.4% over the past four weeks to close the last trading session at $41.74, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.50 indicates a potential upside of 35.4%. The average comprises four short-term price targets ranging from a low of $41 to a high of $65, with a standard deviation of $11.36. While the lowest estimate indicates a ...