2 of the largest stock photo platforms are merging, sending their shares up

Getty Images is combining with Shutterstock.

Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images

• Getty Images and Shutterstock are merging.
• The merger aims to save $200 million and boost revenue in three years.
• The new company will face competition from AI image-generation tools like Adobe's Firefly and DALL·E 3.

Getty Images and Shutterstock are merging in a deal that could help the company better prepare for artificial intelligence.

On Tuesday...