Meta Platforms Inc. has signed a lucrative multi-year contract exceeding $100 million with AI image startup Black Forest Labs to enhance its artificial intelligence capabilities. The deal includes an initial commitment of $35 million in the first year, with a total investment of $105 million in the second year. While specific details remain undisclosed, Meta’s aggressive strategy in AI includes partnerships with firms like Midjourney and hiring top talent from competitors. Founded just a year ago, Black Forest Labs quickly gained prominence in the AI image and video generation sector, collaborating with notable figures like Elon Musk. The startup’s innovative image generation feature has garnered both viral attention and controversy. Currently generating $96.3 million in annual recurring revenue, Black Forest Labs anticipates reaching $300 million by fiscal 2026. With over $100 million in venture funding, including a valuation around $1 billion, it has also forged partnerships with Adobe and Canva.
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