Reddit, which is eyeing an initial public offering (IPO) launch, has told prospective investors that it signed the deal, worth $60 million on an annualized basis, earlier this year, the report said. The details of the AI deal could change as talks over the Reddit IPO launch, which could come in March, continue. Reddit declined to comment.
Yet another great reason to never use Reddit again! From what the article says it sounds like they are going to get paid big time to hand over everyone’s unique posts and content to an AI company for them to use however they want without paying the users one cent…