Getty Images spending millions to battle a 'world of rhetoric' in AI suit, CEO says

Getty Images' logo seen displayed on a smartphone with an AI chip and symbol in the background. LONDON — Getty Images is spending millions of dollars to take on a "world of rhetoric" through its Stability AI suit, the photo licensing company's boss Craig Peters says. Peters told CNBC in an interview that both Stability AI — the U.K.-based startup best known for its text-to-image model Stable Diffusion — and other AI labs are stealing copyright-protected material to train their AI models for commercial gain. These firms, he said, are taking copyrighted material to develop their powerful AI models under the guise of innovation and then "just turning those services right back on existing commercial markets." "That's disruption under the notion of 'move fast and break things,' and we believe that's unfair competition," Peters added. "We're not against competition. There's constant new competition coming in all the time from new technologies or just new companies. But that's just unfair ... Read full article.