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Reddit Strikes $60 Million Deal with Google for AI Training Data, Prepares for IPO – DeFiance Daily – 2.27.24

Reddit has reportedly entered a $60 million per year deal with Google, allowing the tech giant to use its content for training AI models, according to sources familiar with the matter. This move comes as Reddit gears up for its much-anticipated stock market debut, seeking to bolster revenue streams amidst stiff competition from platforms like TikTok and Facebook’s Meta.