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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.

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Overview

  • 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.