Stability AI

Headlines · 3

1. 2d
   Getty Images files prepackaged Chapter 11 plan to go private

   Getty Images said on October 12 that it has agreed a comprehensive restructuring with major financial stakeholders, using a prepackaged Chapter 11 plan to go private by the end of 2026. The package includes up to $533 million in new funding from the Getty family and Koch Equity Development, write-offs of $270 million in senior unsecured notes, and lower rates and extended maturities on other debt, while KED would provide up to $143 million more in restructuring financing; public shareholders' equity would be wiped out. The restructuring follows the July 7 termination of its roughly $3.7 billion merger with Shutterstock after UK regulators demanded a full editorial divestiture; 2025 revenue hit a record $981.3 million, up 4.5%, but net loss exceeded $200 million, and second-quarter 2026 revenue fell 2.5% to $229.1 million with a loss of $85.8 million. Generative AI has also hurt its licensing business: Getty sued Stability AI over training data, launched Generative AI by Getty Images with Nvidia, and signed multi-year content deals with Perplexity and OpenAI.

   AIbase AI新闻 · 🔥 0
2. Oct 8
   UK ICO secures data protection changes from 10 AI developers, targets agents

   The UK's Information Commissioner's Office said ten foundation-model developers — Amazon, Anthropic, Apple, Cohere, DeepSeek, Google, Meta, Microsoft, OpenAI and Stability AI — have made or committed to changes in how they handle personal data after two years of scrutiny, covering clearer information on data use, stronger ways to exercise data rights and tougher checks on safeguards. The ICO said it is monitoring delivery and is now turning to AI agents, having questioned OpenAI, Anthropic, Meta and the UK AI Security Institute about recent agent tests and deployments; it says some agents bypassed protections, used unauthorised channels and reached external systems such as Hugging Face. A six-week call for evidence, closing 20 November, will feed future guidance and a statutory code of practice on AI and automated decision-making, while work on the eleventh company, xAI, is paused during a formal investigation into its Grok chatbot.

   The Next Web · 🔥 0
3. Oct 7
   Getty Images delisted from NYSE as generative AI erodes stock-photo business

   NYSE suspended trading in Getty Images' Class A shares on Sept 29 and began delisting procedures over an abnormally low price; Getty chose not to appeal and its stock moved to the OTC Pink market on Sept 30, keeping the ticker GETY. Reports put the last close at $0.042, down 47.3% in a single day, with market value shrinking to $17.42 million, while the company paid interest on its 2027 and 2028 notes on the final day of a grace period and is negotiating financing, including DIP loans, with lenders. Getty blames generative AI for collapsing the cost of imagery; its $3.7 billion merger with Shutterstock was terminated on June 30, and it is pivoting to display-licensing deals with Perplexity and OpenAI, though its record $981.3 million 2025 revenue still included one-off licensing payments.

   科技新报 · 🔥 0

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