Lightricks Partners with Shutterstock for AI Video Training

Israeli tech company Lightricks has introduced LTX Video (LTXV), a rapid AI video processing platform that can generate high-quality five-second clips in four seconds. The platform utilizes a sophisticated AI model with 2 billion parameters, enabling real-time processing without sacrificing video quality. Lightricks has partnered with Shutterstock to utilize its extensive library of HD and 4K video assets under a new 'research license' model, which aims to lower costs and provide ethical access to training data for AI developers. This partnership marks a significant shift in how startups can access quality data for AI training, allowing them to refine their tools before transitioning to full commercial licenses. Lightricks’ CEO, Zeev Farbman, emphasizes the importance of open-source collaboration in fostering innovation and competition within the AI space. The move reflects a broader trend toward ethical standards in AI development, addressing the challenges of unauthorized data scraping in the industry.