x

Reddit inks $60 Mn content licensing deal with AI company: Report

Shortpedia

Content Team
Image Credit: newsbytes

Reddit has signed a $60 million yearly content licensing deal with an undisclosed artificial intelligence company, reported Bloomberg. This move will grant the firm access to Reddit's content to train its AI models, per the report. The agreement comes as the social media giant gears up for its initial public offering (IPO) launch and has also shared the news with potential investors.