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Apple reportedly paid up to $50 million to train iPhone AI technology on Shutterstock photos

thedailyposting.comBy thedailyposting.comApril 6, 2024No Comments

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As rumors continue that Apple is gearing up to unveil some big new artificial intelligence technology as part of iOS 18 and macOS 15 software updates later this year, a new report reveals that the company is using popular training methods to Its AI suggesting that you are using some image website.

It’s not yet clear what Apple’s new AI capabilities will deliver, but a new Reuters report suggests that Apple and other companies will use stock image provider Shutterstock and the service’s millions of images, videos and music. They say they have signed a contract to use the files as images. Your source for AI training. No sources other than those familiar with the deal were identified.

Apple reportedly paid up to $50 million to train iPhone AI technology using Shutterstock photos01

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The report claims both companies paid between $25 million and $50 million each. Shutterstock Chief Financial Officer Jarrod Yajes told Reuters that other small companies have joined the big tech companies in the past few months. However, he did not comment on individual contracts, including the one with Apple, for obvious reasons.

Apple CEO Tim Cook has previously said his company will make waves in the world of AI in 2024, with iPhones and Macs thought to be two of the biggest beneficiaries. The new software update will be announced at the WWDC event on June 10th before being made available to developers in beta.

If Apple follows its own tried-and-true pattern, we can expect a months-long beta program before the new software update becomes available globally in September.

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