Sources: Reddit signed a deal early in 2024, worth ~$60M on an annualized basis, allowing a large unnamed AI company to train its models on Reddit's content (Amy Or/Bloomberg)

Amy Or / Bloomberg:

Sources: Reddit signed a deal early in 2024, worth ~$60M on an annualized basis, allowing a large unnamed AI company to train its models on Reddit’s content  —  – Social media firm agrees $60 million deal with AI company  — Reddit advised to seek at least $5 billion IPO valuation