"Reddit's Lucrative AI Deals: $203M in Training Fees and $60M Google Partnership"

Reddit has disclosed in a recent SEC filing that it will earn $203 million from licensing its vast corpus of posts and comments to AI companies over the next three years, with Google's deal estimated to be worth $60 million a year. The company acknowledges the legal uncertainty surrounding AI companies' use of its data for training purposes and the potential for continued unauthorized scraping, but also sees these licensing agreements as potentially influencing legal battles over data scraping. Additionally, Reddit views large language models as both a revenue opportunity and a competitive threat, as it prepares for its upcoming IPO.