NEW
YORK, July 9, 2024 /PRNewswire/ --
Shutterstock, Inc. (NYSE: SSTK) (the "Company"), a
leading global creative platform offering high-quality creative
content for transformative brands, digital media and marketing
companies, today announced that Jaime
Teevan, Chief Scientist and Technical Fellow at Microsoft,
has been appointed to the company's board of directors. Teevan is
currently responsible for driving research-backed innovation in
Microsoft's core products and previously held the role of
Technical Advisor to Microsoft CEO Satya
Nadella.
Jaime
Teevan, Chief Scientist & Technical Fellow at Microsoft,
has been appointed to Shutterstock's Board of Directors.
"We are thrilled to welcome Jaime to the Shutterstock Board of
Directors," said Jon Oringer,
Executive Chairman of the Board at Shutterstock. "Jaime is one of
the most influential figures in AI globally, pioneering critical
research and leading product innovation for one of the world's
leading companies. Her wealth of knowledge and experience in AI,
deep roots in rigorous research and expertise in advancements in
ethical AI will be invaluable as Shutterstock continues to play a
critical role in this space, for example with our industry leading
training data."
"Jaime will play a meaningful role, along with the rest of our
Board, as we recognize and navigate new opportunities in the AI
landscape," said Paul Hennessy,
Chief Executive Officer of Shutterstock. "Her insights into the
evolving relationship between AI and human creativity are
particularly relevant to Shutterstock's mission and I look forward
to her partnership as we guide the business through the extremely
exciting opportunities ahead."
Teevan is globally recognized for her research in productivity
and personalized search. She was also recognized in TIME's
top 100 people playing an instrumental role in AI development and
societal advancement and is a leader in responsible AI. She
spearheaded the creation of Copilot for Microsoft 365, integrating
AI into Microsoft products, and invented the first personalized
search algorithm used by Bing. Teevan also coordinated Microsoft's
hybrid work research during the pandemic. She is an ACM Fellow and
a member of the SIGIR and CHI Academies. She holds a Ph.D. in AI
from MIT and a B.S. from Yale and is an Affiliate Professor at the
University of Washington.
"Shutterstock's mission to power creativity and their
long-standing commitment to ensure AI serves to strengthen that
mission aligns with my own values," said Teevan. "I am honored to
join Shutterstock's board and look forward to contributing to their
efforts at a time when AI is redefining how we interact with
technology."
Shutterstock has taken a deliberate approach to accelerating its
data business through multiple offerings including data licensing,
metadata enhancement, data delivery via marketplaces and bespoke
model development. The company's growing list of multi-year
collaborations and partnerships with major tech players drives the
long-term growth of its data business while ensuring that more
companies looking to build and train generative models have access
to commercially viable data to do so responsibly. Shutterstock's
ethical approach to AI has made the company a highly sought-after
partner and collaborator with industry leaders such as NVIDIA,
Meta, OpenAI, LG and others to develop foundational generative AI
tools and standards for creators across 3D, images and text.
Shutterstock's high-quality content library, enriched with vast
metadata, leads the industry in size, diversity and
annotation—making it unrivaled for training AI capabilities.
The addition of Teevan to the Shutterstock board of directors
brings deep technical expertise and further strengthens the
internal ecosystem accelerating the company's transformation as a
leading provider of ML data. Shutterstock has strategically
positioned senior leaders throughout the organization and across
its board to advance the company's capacity to meet the growing
demand from mid-to-large enterprise customers for ML and generative
services, as well as to enhance infrastructure, business
development, R&D and content strategy. These moves
all serve to ensure Shutterstock's business and growth
strategy continue to support the company's long-range plan
targeting double digit growth by 2027.
About Shutterstock, Inc.
Shutterstock, Inc. (NYSE: SSTK) is a premier partner for
transformative brands, digital media and marketing companies,
empowering the world to create with confidence. Fueled by millions
of creators around the world and a fearless approach to product
innovation, Shutterstock is the leading global platform for
licensing from the most extensive and diverse collection of
high-quality 3D models, videos, music, photographs, vectors and
illustrations. From the world's largest content marketplace, to
breaking news and A-list entertainment editorial access, to
all-in-one content editing platform and studio production
service—all using the latest in innovative technology—Shutterstock
offers the most comprehensive selection of resources to bring
storytelling to life.
Learn more at www.shutterstock.com and follow us on
LinkedIn, Instagram, Twitter, Facebook and YouTube.
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SOURCE Shutterstock, Inc.