Reddit Inks $60 Million AI Deal, Risking User Backlash
• Reddit signed a $60 million deal with an unnamed AI company to allow its communities to be scraped for training data
• Reddit is pursuing the deal to become profitable, though it risks backlash from users
• Reddit started charging for API access in 2023, upsetting users and moderators
• Other platforms like Apple and Shutterstock are signing similar deals to license data to AI companies
• There's concern that content creators aren't benefiting from these deals, while AI threatens their industries