Getty CEO Craig Peters says Getty may rethink its UK presence if the CMA blocks its Shutterstock deal, arguing the CMA is overlooking AI's impact on imaging (Daniel Thomas/Financial Times)
NegativeArtificial Intelligence

- Getty CEO Craig Peters has indicated that the company may reconsider its operations in the UK if the Competition and Markets Authority (CMA) blocks its acquisition of Shutterstock, asserting that the CMA is failing to recognize the transformative impact of artificial intelligence (AI) on image generation.
- This potential reevaluation of Getty's UK presence underscores the significance of the Shutterstock deal for the company, as it seeks to adapt to the rapidly evolving landscape of AI in imaging, which could affect its competitive edge.
- The situation reflects broader tensions in the tech industry regarding regulatory approaches to AI, as companies navigate the balance between innovation and compliance, with ongoing discussions about copyright laws and the implications for creators in the digital age.
— via World Pulse Now AI Editorial System






