Reddit to sell user-generated content to an AI company

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https://www.theverge.com/2024/2/17/24075670/reddit-ai-training-license-deal-user-content

Over a decade of valuable user content is now for sale as Reddit preps to go public.

Reddit will let “an unnamed large AI company” have access to its user-generated content platform in a new licensing deal, according to Bloomberg yesterday. The deal, “worth about $60 million on an annualized basis,” the outlet writes, could still change as the company’s plans to go public are still in the works.

It’s not known what company Reddit made the deal with, but it’s quite a bit more than the $5 million annual deal OpenAI has reportedly been offering news publishers for their data. Apple has also been seeking multi-year deals with major news companies that could be worth “at least $50 million,” according to The New York Times.

Reddit has a new AI training deal to sell user content

Reddit’s reported AI deal comes as it prepares to go public.

www.theverge.com