On Friday, Bloomberg reported that Reddit has signed a contract allowing an unnamed AI company to train its models on the site's content, according to people familiar with the matter. The move comes as the social media platform nears the introduction of its initial public offering (IPO), which could happen as soon as next month. Reddit initially revealed the deal, which is reported to be worth $60 million a year, earlier in 2024 to potential investors of an anticipated IPO, Bloomberg said Continue reading
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