Reddit Sells Content to Google for AI Training in $60 Million Deal

Reddit has struck a deal with Google to provide its content for training AI models, in a move worth $60 million annually. This agreement highlights Reddit’s efforts to diversify revenue streams and capitalize on its growing user base ahead of a potential IPO.

Key points:

Reddit will receive $60 million per year from Google for access to its content.
This deal comes as Reddit prepares for its stock market launch, seeking new revenue sources beyond advertising.
The agreement marks Reddit’s first major deal with a large AI company.
The company is expected to file its IPO paperwork this week, potentially valuing it at $10 billion.
Reddit’s content sale reflects a broader trend of AI companies seeking diverse training data to avoid copyright issues.

This deal signifies a significant step for Reddit as it prepares to enter the public market, leveraging its unique content and user engagement to generate new revenue streams.

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Reddit Sells Content to Google for AI Training in $60 Million Deal

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