Getty Images stock jumps 123% after OpenAI partnership

Shares of Getty Images Holdings Inc. surged dramatically on Monday following the announcement of a multiyear partnership with OpenAI to integrate its licensed image library into ChatGPT. The stock closed at $1.35, a gain of 123% from Friday's close of $0.61, after briefly spiking nearly 200% in premarket trading.

The agreement, announced on Sunday, June 21, is a display partnership that will allow Getty's licensed images, videos, and metadata to appear within ChatGPT's search and discovery features. When users request visual content, the responses can now include licensed imagery from Getty's catalog. Getty CEO Craig Peters stated the partnership reflects a shared belief that high-quality, licensed visual content makes AI-powered search more useful and trustworthy, and will deliver richer visual experiences to users.

Key financial terms of the deal were not disclosed, including any potential payment to Getty or a revenue-sharing model. The announcement also left several significant questions unanswered. It remains unclear whether OpenAI is permitted to use Getty's content to train its generative AI models, a critical distinction given Getty's history of litigation over...