Reddit Inks $60M Deal with AI Firm for User Content Training

As Reddit prepares for a potential IPO, it licenses user-generated content to an unnamed AI company, sparking user concerns and discussions.

Reddit has reportedly signed a $60 million annual deal with an unnamed AI company to use its user-generated content for AI model training.
The deal is part of Reddit's strategy to increase its valuation ahead of a potential IPO, with the company seeking a $5 billion valuation.
Reddit's decision to license user content to an AI company has sparked concerns and discussions among its user base, with some users and subreddits protesting.
The AI company will have access to Reddit's vast archive of user posts and comments, spanning over 20 years, for training purposes.
This move by Reddit is seen as part of a larger trend of tech companies licensing content for AI training, amid growing debates over the ethics and legality of using user-generated content.