Reddit Strikes Lucrative AI Content Licensing Deal Before IPO

Reddit has entered into a $60 million per year content licensing deal with Google, allowing the social media platform's content to be used for training the search engine giant's artificial intelligence models. This move comes as Reddit prepares for its high-profile stock market launch and seeks new revenue streams amidst competition for advertising dollars. The deal with Google marks Reddit's first reported agreement with a major AI company, and the company is expected to file for its initial public offering this week. The agreement reflects a trend of AI model makers securing content deals to diversify their training data, while also raising potential copyright issues.