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Thursday, June 08, 2023 10:27:35 PM
Latest 8K dated 06/02/23
"Product and Service Offering:
Our core offering will be curated collections of trusted photographs, bearing our patented watermark, that meet the specific requirements of AI developers. Our databases will encompass a wide range of categories, including but not limited to objects, scenes, activities, emotions, and environmental factors. Each photograph will undergo a rigorous verification process, ensuring accurate labeling, consistent quality, and freedom from bias. We will offer subscription-based access to our databases, allowing developers to integrate our photographs seamlessly into their AI systems.
Competitive Advantage:
Our competitive advantage lies in the trustworthiness, diversity, accuracy, and number of our photographs. By focusing on verification, we will differentiate ourselves from existing stock photography platforms, which may lack the necessary attention to detail required for AI development. Each original image will be recorded on the blockchain and will bear our corresponding, patented invisible watermark."
Juxtapose with:
https://www.gettyimages.com/ (MC $2.34Bn)
"Getty said its pictures are particularly valuable for AI training because of their image quality, variety of subject matter and detailed metadata."
So, remind me again, where is the competitive advantage that values this business at $3.1bn? Where is the moat that protects them from the likes of Getty Images et al?
Oh incidentally, there are vast networks of open-access images, so just how they aim to take this to such lofty valuations is a tad of a conundrum.
e.g. https://www.si.edu/openaccess
PS Congratulations to the IT consultants for their work on Arknet. Now that project is completely defunct, it must be disappointing to see that revenue stream curtailed, but hey, the sun shone, the flowers bloomed and many haystacks and honeycombs were made.
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