Getty Images Surges 145% After Announcing OpenAI Deal (2)

Shares of stock-photo company Getty Images Holdings Inc. soared as much as 145% on Monday after it announced a licensing deal with OpenAI.

In a statement on Sunday, Getty said that images from its library will appear in the search and discovery features of ChatGPT, marking a key reversal for the firm. The companies did not share financial terms or disclose any details over whether Getty’s images would be used to train future OpenAI models.

Getty shares closed 90% higher at $1.15 in New York, notching their best session since July 2022. The stock had fallen about 55% this year to close ...