Reddit Inks $60 Million Annual Deal with Google to Train AI Models
- Reddit will provide content to Google for $60 million a year to train AI chatbots
- Deal confirmed between Reddit and Google on Thursday
- Reddit started charging for API access last year which seems to have paid off
- Entities tied to Sam Altman hold 8.7% of Reddit shares
- Reddit reported $804 million revenue for 2022, a 20% increase over prior year