GETTY IMAGES FILES FOR BANKRUPTCY AMID AI COMPETITION AND MORE THAN £3 BILLION IN DEBT. Getty Images has filed for bankruptcy protection in the US as the photography giant battles mounting debt and growing competition from AI generated images. The company has more than £3 billion in debt and is seeking to restructure its finances after a planned merger with rival Shutterstock collapsed. As part of the restructuring, the Getty family and Koch Equity Development have committed up to £400 million in new equity, while the company expects to reduce its outstanding debt and return to private ownership. Getty Images says it will continue operating as normal throughout the process, with no anticipated disruption to employees, photographers, customers or business partners. #ThisIsMoney #Money #News #UK