Getty Images, Shutterstock agree to merge in $3.7B deal as AI competition heats up

Getty Images and Shutterstock will merge to create a giant company focused on photos and other visual content in a deal valued at $3.7 billion, the two firms announced on Tuesday.The companies — whose tie-up comes as photographs and other still images are facing a surge of fresh competition from images created by artificial intelligence — said Tuesday that they have complementary portfolios and that a merger will provide customers with a broader array still imagery, video, music, 3D and other media.Getty an ...