🎵 Spotify launches AI playlists, Shutterstock's big AI deals

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Monday 8th of April
Today we’ll cover

• TOGETHER WITH GROWTH SCHOOL

• 💰 Shutterstock Cashes In on AI Gold Rush with Big Tech Deals

• 🎵 Spotify Launches AI-Powered Playlist Generator

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AI TRAINING DATA
Shutterstock Cashes In on AI Gold Rush with Big Tech Deals

Stock media giant licenses millions of images and videos to train AI models

The Reverie

Shutterstock, a leading provider of stock photos, videos, and music, has struck lucrative deals with Apple and other tech giants to license its vast library of content for training artificial intelligence models.

The previously undisclosed agreements, signed in the wake of ChatGPT's release in late 2022, have positioned Shutterstock as a key player in the booming AI industry.

The Details

• Shutterstock's AI-training deals with Apple, Meta, Google, and Amazon initially ranged from $25-50 million each, with most later expanding in scope and value.

• The agreements grant the tech companies access to hundreds of millions of images, videos, and music files to train their AI systems on diverse, high-quality data.

• As the demand for training data soars, Shutterstock and other content owners are capitalizing on the opportunity, with prices ranging from cents per photo to over a dollar per video.

Why Should You Care?

The Shutterstock deals underscore the critical role that vast troves of training data play in the rapid advancement of generative AI. As tech giants race to develop more sophisticated AI models, they are increasingly turning to established content libraries to ensure the quality and diversity of their training data.

These partnerships also raise important questions about data ownership, privacy, and compensation for content creators. Source

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Agent. AI
Written by Dharmesh Shah. Dharmesh Shah is co-founder and CTO of HubSpot, and writes in-depth, technical (data-science background) insights in how AI works. This is a great supplement to The AI Reverie:

AI Minds Newsletter
“Navigating the Intersection of Human Minds and AI”. This newsletters dives deeper into usecases, and features research papers and tools that help you become smarter about AI. Highly recommended reading.

SPOTIFY AI
🎵 Spotify Launches AI-Powered Playlist Generator

Create the perfect mix with just a text prompt

The Reverie

Spotify has introduced an innovative new feature called AI Playlist that allows users to generate custom playlists simply by entering a text description.

Available in beta for Premium subscribers in the UK and Australia, this AI-powered tool makes it easier than ever to find the ideal soundtrack for any mood or activity.

The Details

• Users can create an AI Playlist by typing a prompt like "relaxing music for a rainy day" or "an upbeat playlist for my morning run"

• The feature uses Spotify's personalization technology combined with AI to analyze the prompt and curate a tailored mix of 30 songs

• Playlists can be refined using additional prompts like "more pop" or "less upbeat" until the user is satisfied with the selection

Why Should You Care?

Spotify's AI Playlist represents an exciting development in music discovery and curation. By harnessing the power of artificial intelligence, this tool makes it quicker and more intuitive than ever to build the perfect playlist for any occasion.

Over the past year, we've seen streaming platforms increasingly leverage AI to enhance the user experience, and Spotify's new feature takes this to the next level. For music lovers, AI Playlist offers an effortless way to find fresh tunes and rediscover old favorites that fit your current vibe. Source

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