Sources familiar with the matter told Bloomberg that Reddit has been sharing the news with prospective investors ahead of its IPO. The deal is said to be.
What just happened? Reddit is putting user-created content to work. The social news aggregator reportedly signed a contract earlier this year that grants a large AI company permission to train its models using the platform’s subject matter.
Sources familiar with the matter told Bloomberg that Reddit has been sharing the news with prospective investors ahead of its IPO. The deal is said to be worth around $60 million per year. The identity of the AI company that partnered with Reddit wasn’t mentioned, nor do we know how long the contract is good for.
