Connect with us

Technology

Lightricks Partners With Shutterstock for Video Training Data to Advance Open Source LTXV Video AI Generative Video Model

Published

on

Shutterstocks’ partnership with Lightricks is the first of a new data licensing approach that builds new ways for training AI models

JERUSALEM and NEW YORK, Dec. 13, 2024 /CNW/ — Lightricks, a global leader of AI-powered creative technology, today announced it is partnering with Shutterstock, Inc. (NYSE: SSTK) to license and use Shutterstock’s extensive video asset library. This collaboration will empower Lightricks to train its open-source video generation model, LTX Video (LTXV), using high-quality HD and 4K video assets. Lightricks is the first global partner to train on Shutterstock’s industry-first “research license,” a unique option that reduces the entry barrier for open-source model training.

“Our innovative research license empowers partners to train AI models using trusted, licensed data from the start.”

 Leveraging the research license model mirrors Lightrick’s vision to expand access to creative tools, while driving high quality generative AI results ensure creators’ have protection for their content from the outset. By first integrating a research licence, startups and AI companies can build and refine AI tools on premium, licensed data before making a larger commitment in a full commercial license. This approach also offers a cost-effective path to accessing high-quality data at the research and development stage, addressing a key challenge many new or established companies may face in training AI models.

“This long-term partnership with Shutterstock marks a strategic milestone for us, building on our licensing initiatives from the past year, including agreements with major broadcasters and key content providers.” said Zeev Farbman, Co-founder and CEO of Lightricks. “At our core, we’re committed to building powerful, accessible creative tools. This collaboration not only enhances our ability to train AI models with premium, diverse video data, but also elevates the quality and relevance of our generative video tools for our growing community of professional creators and enterprises.”

This partnership also continues Lightricks’ AI mission to drive access to creative tools, while driving high-quality generative AI results. By incorporating Shutterstock-licensed video data, Lightricks strengthens its training models, ensuring they are built on robust, industry-recognized datasets that respect the creativity of filmmakers and broadcasters. This announcement follows Lightricks’ release of LTXV 0.9 to the open-source community in November 2024. By leveraging Shutterstock’s premium HD and 4K video data, Lightricks aims to prioritize quality in its next model update, enhancing results for users while advancing its open-source initiatives.

“With our innovative research license model, we empower partners to train their AI models using trusted, licensed data from the start,” said Daniel Mandell, Global Head of Data Licensing & AI at Shutterstock. “We’re thrilled to collaborate with Lightricks on their cutting-edge video tools and remain committed to delivering the data assets they need to achieve long-term success.”

Shutterstock’s expansive library—consisting of more than one billion royalty-free assets, including images, videos, music, 3D models, templates, and more—provides one of the largest and most diverse global media datasets available for multimodal model training.

About Lightricks
Lightricks is a global leader in developing AI-powered creative tools that empower creators and brands. With innovative products like Facetune, Videoleap, and the recently launched LTX Studio, Lightricks is transforming the creative landscape.

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.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightricks-partners-with-shutterstock-for-video-training-data-to-advance-open-source-ltxv-video-ai-generative-video-model-302331526.html

SOURCE Shutterstock, Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Rectangle Health Partners with LOYALLT to Offer Custom In-House Dental Membership Plans

Published

on

By

Practice Management Bridge® Users can now access LOYALLT’s Comprehensive Membership Solutions to provide affordable, predictable care and drive revenue growth

VALHALLA, N.Y., Dec. 18, 2024 /PRNewswire/ — Rectangle Health, a leading provider of healthcare technology solutions, today announced a strategic partnership with LOYALLT, a pioneer in dental membership solutions. This collaboration empowers dental practices using Rectangle Health’s Practice Management Bridge® platform to offer customized in-house membership plans, providing patients with affordable, predictable care.

By leveraging LOYALLT’s platform, dental practices can create, price, and manage flexible membership programs tailored to their specific needs and patient base. These plans reduce reliance on insurance companies, foster direct relationships with patients, and drive revenue growth.

“Our partnership with LOYALLT provides dental practices with tools to improve their financial stability and offer patient-friendly payment options that drive practice growth,” said Scott LoPresti Chief Business Officer at Rectangle Health.

Key benefits of the partnership include:

Enhanced patient retention: Affordable membership options to attract and retain patients, especially those without insurance or with high deductibles.Increased practice revenue: Predictable income streams and higher treatment acceptance rates contribute to revenue growth.Reduced administrative burden: Simplified billing and streamlined enrollment processes minimize administrative overhead.Personalized patient care: Customized plans enable practices to deliver care that aligns with patients’ individual needs and preferences.

“We’re excited to collaborate with Rectangle Health to bring our membership platform to a wider audience and help practices deliver affordable, high-quality care,” said Tracy Bourandas, Chief Executive Officer for LOYALLT. “Our platform gives providers the autonomy to create membership programs that work best for their practice, allowing them to offer affordable, high-quality care directly to their patients.”

To learn more about the Rectangle Health and LOYALLT partnership and how dental practices can benefit from customizable membership plans, please visit https://rectanglehealth.loyallt.com/.

About Rectangle Health:
A leader in innovative healthcare technology for over 30 years, Rectangle Health is a trusted partner to more than 36,000 healthcare providers. The company’s comprehensive platform, Practice Management Bridge, streamlines daily business operations including communications and engagement, payments and reimbursements, and office compliance. Single provider offices and enterprise healthcare organizations rely on Rectangle Health’s easy-to-use and scalable software to deliver a measurable increase in productivity and profitability, while improving patient experience.

MEDIA CONTACT:
Michelle Dowling
Executive Vice President, Marketing
704-792-8214
mdowling@rectanglehealth.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rectangle-health-partners-with-loyallt-to-offer-custom-in-house-dental-membership-plans-302332690.html

SOURCE Rectangle Health

Continue Reading

Technology

dunnhumby’s Americas President to Present Retail Strategies for Overcoming the Price Perception Gap at NRF 2025: Retail’s Big Show

Published

on

By

The company will be exhibiting and demonstrating its full portfolio of retail and brand solutions for assortment, competitive insights, personalization and loyalty, price and promotions, and retail media at booth #6305.

NEW YORK, Dec. 18, 2024 /PRNewswire-PRWeb/ — dunnhumby, the global leader in customer data science, today announced Matt O’Grady, President of the Americas for dunnhumby, along with Dierdre Zimmermann, Chief Customer Experience Officer for The Raley’s Companies; Jill Blanchard, (former) President of Advantage Solutions; and John Giaquinto, VP of Loyalty, Personalization and Analytics for RITE AID will be presenting at NRF 2025: Retail’s Big Show. The Exhibitor Big Ideas session, titled “Consumer Trends: Best in class strategies to overcome the price perception gap” will take place on Monday, January 13, 2025, at 4 PM Eastern at the Jacob K. Javits Convention Center at Expo, Level 3, Expo Stage 5. 

“We are looking forward to sharing how retailers can close the price perception gap and gain a competitive advantage by delivering real savings to their customers, which is key to driving loyalty in 2025 and beyond,” said Matt O’Grady, President of Americas for dunnhumby

During the presentation, O’Grady and the panel will address the price perception challenges retailers face with shoppers and provide insights on how they can better align their business strategies with current and future consumer needs. He will discuss with attendees that in today’s climate, price is the most important driver for consumers. Additionally, O’Grady will unveil exclusive findings from dunnhumby’s upcoming Retailer Preference Index and discuss the role of pricing, personalization, and assortment and how they can improve trust and drive loyalty with consumers.

Live Product Demonstrations at Booth #6305
dunnhumby’s team of retail experts will be exhibiting and demonstrating its full portfolio of AI powered retail and brand solutions for price and promotions, personalization and loyalty, assortment, competitive insights, and retail media at NRF booth #6305. The team will be available to meet with retailers and CPGs to discuss the insights from the Eighth Annual Grocery Retailer Preference Index which will be published ahead of NRF 2025: Retail’s Big Show.

“What better way to kick off 2025 then to gather with retailers, brands, and our partners at NRF, to share how our AI powered data science solutions unlock the value of customer data science around the globe,” said Matt O’Grady, President of Americas for dunnhumby. “We are looking forward to sharing how retailers can close the price perception gap and gain a competitive advantage by delivering real savings to their customers, which is key to driving loyalty in 2025 and beyond.”

Ecosystem Partnership Sessions at Booth #6305
dunnhumby ventures will be hosting ecosystem partnership sessions for pioneering retail technology startups, retailer and supplier innovation teams, and other potential collaborators. Participants will have the opportunity to hear about the next generation of innovation themes dunnhumby is tracking, engage in open ideation sessions, and learn how to get involved with the Retail Innovation Network, dunnhumby’s exclusive ecosystem of senior retail innovation leaders.

dunnhumby Meetings
For more information on dunnhumby at NRF 2025: Retail’s Big Show or to pre-schedule meetings visit: https://www.go.dunnhumby.com/NRF2025.

About dunnhumby ventures
dunnhumby ventures is our strategic venture capital and ecosystem-led innovation arm with a mandate to partner and invest in early-stage retail technology start-ups that embrace data and artificial intelligence for innovation along the customer’s path to purchase. We foster industry collaboration via the Retail Innovation Network, our exclusive ecosystem of senior retail innovation leaders, and seek to align with partners at an early stage to supercharge their ability to take innovation to market by tapping into dunnhumby’s retail industry expertise, pioneering data science assets, and global retailer and supplier partner network. Our areas of focus include artificial intelligence (AI), data capture and enrichment, retail media, customer engagement, category management, supply chain, and commerce.

About dunnhumby
dunnhumby is the global leader in Customer Data Science, empowering businesses everywhere to compete and thrive in the modern data-driven economy. We always put the Customer First.
Our mission: to enable businesses to grow and reimagine themselves by becoming advocates and champions for their Customers. With deep heritage and expertise in retail – one of the world’s most competitive markets, with a deluge of multi-dimensional data – dunnhumby today enables businesses all over the world, across industries, to be Customer First.

The dunnhumby Customer Data Science Platform is our unique mix of technology, software, and consulting, enabling businesses to increase revenue and profits by delivering exceptional experiences for their Customers – in-store, offline and online. dunnhumby employs over 2,500 experts in offices throughout Europe, Asia, Africa, and the Americas working for transformative, iconic brands such as Tesco, Coca-Cola, Meijer, and Procter & Gamble.

Media Contact

Theresa Smith, dunnhumby, 8187048481, TLS@PATHWAYPR.COM, https://www.dunnhumby.com/

View original content to download multimedia:https://www.prweb.com/releases/dunnhumbys-americas-president-to-present-retail-strategies-for-overcoming-the-price-perception-gap-at-nrf-2025-retails-big-show-302333616.html

SOURCE dunnhumby; dunnhumby

Continue Reading

Technology

Miami Parking Authority Joins the Florida Purchasing Group for Tracking Bid Distribution

Published

on

By

Miami Parking Authority officially announced today it has joined the Florida Purchasing Group, an e-procurement system from Bidnet Direct by SOVRA that provides nearly 75 local government agencies throughout Florida a solution for bid and vendor management.

MIAMI, Dec. 18, 2024 /PRNewswire/ — Miami Parking Authority officially announced today it has joined the Florida Purchasing Group, an e-procurement system from Bidnet Direct by SOVRA that provides nearly 75 local government agencies throughout Florida a solution for bid and vendor management. Miami Parking Authority invites all potential vendors to register online with http://www.bidnetdirect.com/florida/miamiparking to access its upcoming solicitations.

“Registered vendors can access bids, related documents, addendum and award information.”

Moving forward into the digital era, Miami Parking Authority can publish all bid opportunities on the Florida Purchasing Group site. By doing this they will be able to track every step of the process and have a more transparent bid process. Participating government agencies utilizing the Florida Purchasing Group can track vendors interested in a specific bid, as well as finding out which ones download the documents.

“What a game changer it is to be able to track every step taken during the bid process, from publishing the bids and RFPs, to seeing which vendors are interested and who has downloaded the documents and addendums,” says Anna Parekh, Procurement Administrator of Miami Parking Authority. “Joining the Florida Purchasing Group was a smart step for our agency in being able to track and streamline our bid process, and it’s also a benefit to our vendors as they have access to more bid opportunities and the information they need is readily available to them.”

Miami Parking Authority invites all local vendors to receive access to its upcoming solicitations by joining the Florida Purchasing Group. Vendor benefits of registering on http://www.bidnetdirect.com/florida/miamiparking include:

Centralized Location to Opportunities from all 71 Participating AgenciesNotification of Term – Contract ExpirationBid Alerts Customized to the Vendors’ Products or Services ProvidedFull Customer Service Support

About Miami Parking Authority:

Miami Parking Authority is a self-sustaining agency which provides parking for approximately six million vehicles annually. Currently, the Miami Parking Authority manages 47,000 parking spaces, including 14 garages, 68 surface lots, and 12,000 on-street spaces.

About SOVRA:

SOVRA is a leading source-to-contract solution that connects regional purchasing groups, including the Florida Purchasing Group, across all 50 states, supporting local governments in streamlining their procurement processes. With a focus on transparency and efficiency, SOVRA empowers government agencies to enhance their purchasing activities. Learn more about how we help build stronger communities and economies by maximizing the value of every dollar spent. Visit https://sovra.com.

Media Contact

Bertrand Guignat, Bidnet Direct, 800-835-4603, bertrand.guignat@mdfcommerce.com, www.bidnetdirect.com

View original content to download multimedia:https://www.prweb.com/releases/miami-parking-authority-joins-the-florida-purchasing-group-for-tracking-bid-distribution-302334624.html

SOURCE Bidnet Direct

Continue Reading

Trending