Posted 2/19/2024, 9:10:30 PM
Reddit Signs $60 Million Deal to Provide User Content for Training AI Models
- Reddit signed a $60 million per year deal to allow an unnamed AI company to access its content to train AI models, ahead of its anticipated IPO
- The deal could serve as a model for future agreements between Reddit and other AI companies
- Some tech firms have begun licensing content for use in training AI models like GPT-4 that powers ChatGPT
- Reddit CEO previously said it planned to charge AI firms for access to its nearly 2 decades of human-generated content
- If finalized, the deal means posts by Reddit users may help train the next generation of AI systems that generate text, images, and video