Reddit strikes $60 million AI content licensing deal with Google
Shortpedia
Content Team
Image Credit: valuethemarkets
Reddit, the popular social media platform, has inked a $60 million per year content licensing deal with tech giant Google, according to Reuters. This groundbreaking agreement allows Google to utilize Reddit's content for training its artificial intelligence models. Reddit has also received a new revenue source as it faces stiff competition from rivals like TikTok and Meta's Facebook. The news comes as Reddit gears up for a high-profile stock market debut.
