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Economy

Reddit in AI content licensing deal with Google

Date: Feb 22, 2024

Social media platform Reddit has struck a deal with Google to make its content available for training the search engine giant's artificial intelligence models, three people familiar with the matter said.

The contract with Alphabet-owned Google is worth about $60 million per year, according to one of the sources.

The deal underscores how Reddit, which is preparing for a high-profile stock market launch, is seeking to generate new revenue amid fierce competition for advertising dollars from the likes of TikTok and Meta Platform's Facebook.

--Reuters--