The Influences of AI and Emerging Technologies on the Imagery Stock Industry as Exemplified by the Visual China Group

Abstract

We review the technology-driven attribution of business models at different stages of the imagery stock industry and their intrinsic regularities. We take Visual China Group’s (VCG) business development over the past two decades as a timeline. This paper analyses the phenomenon by focusing on the emerging technology family represented by AI technology. It explores the theoretical origins, future outlook, and risk prediction based on experience. We try to induce the development of the industry from representative cases, on the one hand, highlighting the opportunities for efficiency leapfrogging due to the contribution of emerging technologies to productivity and, on the other hand, rethinking the challenges of business ethics, business models and governance mechanisms. This research proposed to implement research on digital governance mechanisms based on blockchain technology. It explored the production relations of the emerging media industry, which is based on the “governance of technology by technology”.