Reddit signs $60 million content licensing deal with AI company ahead of IPO

According to Bloomberg, informed sources revealed that Reddit has signed a contract worth about $60 million with a large AI company to allow it to use its content to train AI models, as it approaches its initial public offering (IPO) to attract investors and increase its IPO value.In addition, several AI companies are seeking content licensing agreements to train their programs, with OpenAI reaching a multi-million dollar AI training contract with Axel Springer SE.