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Reddit reportedly signed a multi-million content licensing deal with an AI company
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Reddit reportedly signed a multi-million content licensing deal with an AI company
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19th February 2024, 07:20
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 152,472
 |  Reddit reportedly signed a multi-million content licensing deal with an AI company Ever posted or left a comment on Reddit? Your words will soon be used to train an artificial intelligence companies' models, according to Bloomberg. The website signed a deal that's "worth about $60 million on an annualized basis" earlier this year, it reportedly told potential investors ahead of its expected initial public offering (IPO). Bloomberg didn't name the "large AI company" that's paying Reddit millions for access to its content, but their agreement could apparently serve as a model for future contracts, which could mean more multi-million deals for the firm. https://www.engadget.com/reddit-repo...9.html?src=rss |
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