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Reddit signs content licensing deal with AI company ahead of IPO: report

Economic Times · 1y

Reddit has reportedly signed a content licensing deal with an undisclosed AI company for $60 million per year. The agreement allows the AI company to train its models using Reddit's content. This deal comes as Reddit prepares for its initial public offering (IPO) and could potentially serve as a blueprint for similar contracts in the future. The specific details of the agreement may change as discussions around the IPO continue.