Technologyregulatory News

"FTC Investigates Reddit's AI Data Deals Ahead of IPO"

Reddit discloses that it is being investigated by the FTC over its data licensing practices for AI training ahead of its IPO. The investigation follows a $60 million per year deal with Google, raising concerns among privacy advocates and regulators. Reddit's foray into AI and cryptocurrency comes as it seeks to tap into the growing market for these technologies, but the regulatory challenges it faces could impact its business, results of operations, financial condition, and prospects.