I saw this a week ago via LinkedIn News. Per one commenter there, it's pretty much a nothingburger unless other things change at the merged company.
Smartphone improvements and easier to use DSLRs (which have gotten cheaper with the rise of mirrorless) all put as much pressure on both Getty and Shutterstock as do AI.
The press release says that the merged company will be "cutting edge" on its own image search and use of AI. But? I've used one of the photo-generative AI programs twice. Even in a small town, I had enough internet to create Woody Allen in a cowboy hat in less than 5 minutes. Something else, not "real world" in that sense but more dynamic, took a little longer but not that much. And, when I had Substack do me an AI image for a post? Something "acceptable," which gets back to a commenter, took 2 minutes or so.
The only real hope for this merged company is a mixture of totally redefining itself and the hope for massive copyright lawsuits against AI scraping.
So, the "and," as usual with me in such situations, is ultimately rhetorical.
There is a sidebar to all of this.
It's arguable that many photos now copyrighted should be in the public domain, not because they're photos, or photos of a certain type, but that copyright law gives way too many years of protection with its various lengthenings over the last couple of decades, and that this doesn't benefit individuals nearly as much as rich corporations ... like Getty. "Who Owns This Sentence" is a GREAT book on the history of copyright.
Yeah, Getty will stick it to the people it pays for images that are new images. It's still part of the problem.