Apple Has Reportedly Struck a Deal With Shutterstock to Use Its Data to Train AI Models 185v3f Technology News

According to the report, the size of Apple’s deal with Shutterstock could be between $25 million to $50 million. 4sa4m

Written by Siddharth Suvarna | Updated: 8 April 2024 14:43 IST

Apple Has Reportedly Struck a Deal With Shutterstock to Use Its Data to Train AI Models

Photo Credit: Unsplash/Laurenz Heymann 1z72h

Apple’s reported data deals highlight that the company could be in advanced stages of developing AI

Highlights

Apple is also said to be sourcing data from AI data firms
The Shutterstock deal hints that Apple is developing multimodal AI
Earlier, it was reported that Apple could use Gemini AI for iPhone 16

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reports have mentioned that the iPhone 16 series could be equipped with Google's Gemini AI and Baidu's Ernie Bot (in China) for the AI features, it appears the long-term plan for Apple is to integrate a native AI model.

In a Google, and Amazon are also reported to have struck similar deals. Shutterstock Chief Financial Officer Jarrod Yahes told Reuters that the size of the deals tech companies initially entered ranged from $25 million (roughly Rs. 208 crores) to $50 million (roughly Rs. 416 crores) each. Most firms have already expanded the size of the deal, as per the CFO.

This is not the only deal the Cupertino-based tech giant has struck to procure data for its AI model. As per the report, it also has agreements in place with Seattle-based Defined.ai, an AI data firm that licences data to tech firms training their AI models. The CEO of Defined.ai Daniela Braga told Reuters, “Companies are generally willing to pay $1 to $2 per image, $2 to $4 per short-form video and $100 to $300 per hour of longer films. The market rate for text is $0.001 per word.”

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If the information is to be believed, it points to a couple of interesting possibilities. First, the company's rumoured inclusion of Ernie Bot is likely a stop-gap till it can fine-tune its own AI models. This means even if the iPhone 16 series comes with outsourced AI capabilities, they will eventually be replaced when Apple officially announces its in-house AI. Second, the deal with Shutterstock highlights that Apple is not only focusing on text-only capabilities but also images, music, and videos.

While it cannot be said whether it is just to develop computer vision or to have the models generate images and videos as well, it is safe to assume the under-development AI models are multimodal. Notably, Apple Research has published two separate family of AI models it is working on.

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Further reading: Shutterstock

Akash Dutta Email Akash Dutta

Akash Dutta is a Senior Sub Editor at Gadgets 360. He is particularly interested in the social impact of technological developments and loves reading about emerging fields such as AI, metaverse, and fediverse. In his free time, he can be seen ing his favourite football club - Chelsea, watching movies and anime, and sharing ionate opinions on food. More