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Shutterstock Appoints AI Expert Jaime Teevan to Board of Directors

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Shutterstock Appoints AI Expert Jaime Teevan to Board of Directors

Shutterstock Appoints AI Expert Jaime Teevan to Board of Directors

PR Newswire

Published on : Jul 10, 2024

Shutterstock, Inc., a leading global creative platform, has announced the appointment of Jaime Teevan, Chief Scientist and Technical Fellow at Microsoft, to its board of directors. Teevan's extensive experience in AI research and innovation will significantly bolster Shutterstock's strategic direction and growth.

Key Points:

  • Leadership Announcement:

    • Jaime Teevan appointed to Shutterstock's board of directors.
    • Teevan brings a wealth of experience from her role at Microsoft, including driving research-backed innovation and serving as Technical Advisor to CEO Satya Nadella.
  • Executive Statements:

    • Jon Oringer, Executive Chairman of the Board, praised Teevan as one of the most influential figures in AI.
    • Paul Hennessy, CEO of Shutterstock, highlighted Teevan's insights into AI and human creativity as crucial to Shutterstock's mission.
  • Jaime Teevan’s Background:

    • Chief Scientist and Technical Fellow at Microsoft.
    • Recognized in TIME's top 100 people instrumental in AI development.
    • Invented the first personalized search algorithm used by Bing.
    • Spearheaded the creation of Copilot for Microsoft 365 and coordinated Microsoft's hybrid work research.
    • 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 AI and Data Strategy:

    • Focus on accelerating the data business through licensing, metadata enhancement, and bespoke model development.
    • Collaborations with major tech players like NVIDIA, Meta, OpenAI, and LG.
    • Commitment to ethical AI practices and developing foundational generative AI tools.
    • Industry-leading content library enriched with vast metadata for training AI capabilities.
  • Strategic Impact:

    • Teevan’s expertise to enhance Shutterstock’s AI innovation and ethical practices.
    • Strengthens Shutterstock’s capacity to meet growing demand for ML and generative services.
    • Supports Shutterstock’s long-term growth strategy targeting double-digit growth by 2027.

The addition of Jaime Teevan to Shutterstock's board of directors marks a significant milestone in the company’s journey to enhance AI innovation and ethical practices. Her deep technical expertise will play a pivotal role in advancing Shutterstock’s mission to power creativity through state-of-the-art technology.