Reddit Inks $60M AI Training Deal Ahead of IPO, Raising Legality and Ethics Concerns
• Reddit signed a $60M per year deal allowing an unnamed AI company to train models on Reddit user content
• Deal disclosed to prospective investors ahead of Reddit's planned IPO
• Controversial move given questions around legality and ethics of using user content without permission
• Follows backlash over Reddit's restrictions to API access that powered popular third-party apps
• Moderators protested by limiting access or applying NSFW labels to subreddits, with some removed by Reddit staff for declining to end protests