Former technology executive Robert Scott Murray pleaded guilty to a single count of fraud for a scheme to inflate Getty Images' share price. Once the CEO of 3Com, Murray attempted to manipulate Getty's stock to sell his 300,000 shares for a higher profit. He issued misleading news releases through his venture, Trillium Capital, and announced a false bid to acquire Getty at $10 per share, nearly double the previous closing price. The SEC deemed the bid “false and misleading,” noting Murray quickly liquidated his shares for approximately $1.49 million without securing funds for the acquisition.

Picsart and Getty Images are teaming up to develop an AI model that lets users generate images for personal and commercial use. This collaboration aims to simplify the creation of visual works with AI, providing access to over 3,000 Picsart editing tools for refining assets suitable for social media, web design, and more. The partnership is expected to launch later this year and promises high commercial security standards.

The new AI tools from Shutterstock and Getty Images are powered by NVIDIA Edify. Shutterstock's "Generative 3D", which is in beta, enables rapid 3D asset creation from prompts. Getty's upgraded AI service offers faster, higher-quality image generation with advanced controls. These services aim to enhance creative processes and streamline design workflows, allowing artists to focus on creative tasks while improving prototyping and custom content creation for businesses.

Canva is ramping up its ambitions in the AI design space with strategic moves, including acquiring Leonardo.Ai and partnering with Getty Images. The addition of Leonardo.Ai's generative models boosts Canva's AI capabilities, while Getty Images' vast library provides users access to millions of premium visuals. These strides challenge Adobe's dominance by enhancing Canvas offerings and expanding its user base, particularly among professionals and businesses.