Getty Images (GETY) CEO Craig Peters told CNBC that the company is spending “millions and millions” on its Stability AI lawsuit in the U.K. and the U.S., accusing it of copying 12M images, Ryan Browne reports. Stability AI has contested the legal action, saying it doesn’t consider Getty’s claims to have merit. Peters said that “We’re not against competition. There’s constant new competition coming in all the time from new technologies or just new companies. But that’s just unfair competition, that’s theft.”
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