Reddit strikes multi-million dollar deal with AI firm for content access

According to Bloomberg, the deal is valued at approximately $60 million annually and will enable the AI firm to utilize Reddit's vast collection of user-generated content to train its AI models.

The specifics of the agreement remain undisclosed, including the identity of the AI company involved. However, sources suggest that this landmark deal could set a precedent for future collaborations, potentially resulting in additional multi-million dollar contracts for Reddit.

This development comes after Reddit announced plans to monetize its API access last year, providing companies with the opportunity to leverage the platform's extensive database of posts and comments for AI training purposes. While this move presents significant revenue potential for Reddit, it has also sparked controversy within the Reddit community, with concerns raised about the impact on user experience and platform stability.