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Reddit has a new AI training deal to sell user content
Reddit’s reported AI deal comes as it prepares to go public.
The news also follows an October story that Reddit had threatened to cut off Google and Bing’s search crawlers if it couldn’t make a training data deal with AI companies. Last year, it successfully stonewalled its way out of the biggest protest in its history after changes to its third-party API access pricing caused developers of the most popular Reddit apps to shut down. As Bloomberg writes, Reddit’s year-over-year revenue was up by 20 percent by the end of 2023, but it was still$200 million shy of a $1 billion target it had set two years prior.
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